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Fiserv, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before September 22, 2025 to Discuss Your Rights – FI
Globenewswire· 2025-09-22 19:47
Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by the forced conversions, masking a slowdown in new merchant acquisitions [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
KBR Stockholder Alert: Robbins LLP Reminds Investors of the Securities Fraud Class Action Against KBR, Inc.
Globenewswire· 2025-09-22 19:44
Core Points - A class action has been filed against KBR, Inc. for allegedly misleading investors regarding the capabilities of its joint venture, HomeSafe Alliance, in fulfilling a contract with TRANSCOM [1][2] - KBR holds a 72% economic interest in HomeSafe, which was awarded the Global Household Goods Contract by the U.S. Department of Defense [2] - Allegations state that KBR was aware of concerns regarding HomeSafe's ability to meet contract obligations but continued to assure investors that the partnership was functioning well [3] - On June 19, 2025, HomeSafe announced a notice to terminate the contract, leading to a significant drop in KBR's stock price [4] Company Overview - KBR, Inc. provides science, technology, and engineering solutions to governments and companies globally [1] - The company is currently facing legal scrutiny due to the performance issues of its joint venture, HomeSafe, which may impact its reputation and financial standing [2][3] Stock Performance - Following the announcement of the contract termination, KBR's stock price fell by $3.85 (7.29%) to close at $48.93 on June 20, 2025, and further declined by $1.30 (2.65%) to close at $47.63 on June 23, 2025 [4]
Deadline Alert: Snap Inc. (SNAP) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-09-22 16:21
Core Viewpoint - The article discusses a class action lawsuit against Snap Inc. due to misleading statements regarding its advertising revenue growth and operational issues, which led to a significant drop in stock price [2][3]. Summary by Sections Class Action Details - Investors who purchased Snap securities between April 29, 2025, and August 5, 2025, have until October 20, 2025, to file a lead plaintiff motion in the class action lawsuit [1][4]. Financial Performance - On August 5, 2025, Snap reported a deceleration in advertising revenue growth attributed to issues with its ad platform, the timing of Ramadan, and minor changes, resulting in a stock price decline of $1.61, or 17.1%, closing at $7.78 per share on August 6, 2025 [2]. Allegations in the Lawsuit - The lawsuit alleges that Snap's management made materially false and misleading statements about the company's business and prospects, failing to disclose significant execution errors and overly optimistic growth expectations [3]. - Specific allegations include: 1. Snap's reports on advertising growth were overly optimistic and not reflective of reality [3]. 2. The company was already facing execution issues while claiming macroeconomic conditions were the cause of its challenges [3]. 3. Positive statements made by the defendants lacked a reasonable basis and were materially misleading [3].
Saxena White P.A. Files Securities Fraud Class Action Against Sina Corporation and Certain of Its Executives
Globenewswire· 2025-09-19 23:50
Core Viewpoint - Saxena White P.A. has initiated a securities fraud class action lawsuit against Sina Corporation and certain executives, alleging misrepresentation and omission of material information that led to shareholders receiving less than fair value during a merger transaction [1][3][4]. Company Overview - Sina Corporation is an Internet media company based in Beijing, China, providing news, information, entertainment, and financial content [2]. - In 2018, Sina invested $90 million in TuSimple Holdings, Inc., holding approximately 34% of TuSimple's ordinary shares prior to its IPO [2]. Merger Details - On September 28, 2020, Sina announced a definitive agreement for a take-private merger valued at $43.30 per share, implying a total equity value between book value and approximately $1.2 billion [2]. - The merger was approved by shareholders on December 23, 2020, and closed on March 22, 2021, marking the end of the class period for the lawsuit [2]. Allegations of Fraud - The lawsuit claims that the defendants engaged in a fraudulent scheme to depress the value of Sina's ordinary shares, thereby avoiding a fair price for shareholders during the merger [3]. - Key allegations include the concealment of the true value of Sina's investment in TuSimple and misleading statements regarding the company's business and prospects [3][4]. Class Action Participation - Individuals who sold Sina ordinary shares during the class period and suffered damages may seek to be appointed as lead plaintiff in the class action [5]. - The deadline for filing a motion to be lead plaintiff is November 18, 2025, but class members can still share in any recovery without seeking lead plaintiff status [5].
MediaAlpha, Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (MAX)
Globenewswire· 2025-09-19 22:08
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against MediaAlpha, Inc. for possible violations of federal securities laws and unlawful business practices [1] Group 1: Allegations and Investigations - On June 24, 2024, Wolfpack Research published a report alleging that MediaAlpha was involved in consumer fraud, claiming that up to 78% of its health insurance lead-buying partners were engaged in scams or violating telemarketing laws [3] - Following the report, MediaAlpha's share price fell by approximately 6.85%, from $15.34 to $14.29 per share [3] - On November 4, 2024, the Federal Trade Commission (FTC) indicated it was prepared to file a complaint against MediaAlpha for misleading advertising and false affiliations with government entities, leading to a share price drop of about 27.73%, from $16.08 to $11.62 [4] Group 2: Settlement and Financial Impact - On August 6, 2025, MediaAlpha announced a settlement with the FTC for $45 million, related to claims that it misled consumers while collecting personal information for health insurance quotes [5] - The FTC's complaint highlighted that MediaAlpha sold approximately 119 million leads about consumers in 2024, indicating a significant volume of consumer data transactions [5]
Investors in Fiserv, Inc. Should Contact Levi & Korsinsky Before September 22, 2025 to Discuss Your Rights – FI
Globenewswire· 2025-09-19 20:45
NEW YORK, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Fiserv, Inc. ("Fiserv, Inc." or the "Company") (NYSE: FI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fiserv, Inc. investors who were adversely affected by alleged securities fraud between July 24, 2024 and July 22, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/fiserv-inc-lawsuit-submissio ...
Securities Fraud Investigation Into Fluor Corporation (FLR) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Businesswire· 2025-09-19 16:41
Group 1 - Glancy Prongay & Murray LLP has initiated an investigation on behalf of Fluor Corporation investors regarding potential violations of federal securities laws [1] - The investigation is aimed at investors who have incurred losses on Fluor Corporation (NYSE: FLR) [1] - The announcement of the investigation was made on August 1, 2025 [1]
DEADLINE APPROACHING: Berger Montague Advises Fiserv, Inc. (NYSE: FI) Investors to Inquire About a Securities Fraud Class Action by September 22, 2025
Prnewswire· 2025-09-18 21:41
Core Viewpoint - Berger Montague PC is investigating potential securities fraud claims against Fiserv, Inc. following a class action lawsuit filed on behalf of investors who acquired Fiserv securities between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that Fiserv and certain executives overstated the Company's growth by failing to disclose that its new payment platform, Clover, was experiencing increased revenue growth and gross payment volumes due to the forced transition of merchants from its legacy Payeezy platform [3]. - Investors became aware of the true financial situation of Fiserv after a series of disclosures, culminating on July 23, 2025, when the Company lowered its 2025 organic growth projections and confirmed decelerated growth in its Merchant segment [4]. Group 2: Investor Information - Investors who purchased or acquired Fiserv securities during the Class Period have until September 22, 2025, to seek appointment as a lead plaintiff representative of the class [2].
Securities Fraud Investigation Into V.F. Corporation (VFC) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R.
Businesswire· 2025-09-18 19:36
Group 1 - The Law Offices of Frank R. Cruz is investigating V.F. Corporation (VFC) for potential violations of federal securities laws [1] - The investigation is initiated on behalf of investors who may have lost money on V.F. Corporation [1] - V.F. Corporation released its fourth quarter and full year fiscal 2025 financial results on May 21, 2025 [1]
Lockheed Martin Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before September 26, 2025 to Discuss Your Rights - LMT
Prnewswire· 2025-09-18 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lockheed Martin Corporation regarding a class action lawsuit due to allegations of misleading statements and lack of effective internal controls during a specified class period [1][2]. Allegations - The complaint alleges that Lockheed Martin lacked effective internal controls related to risk-adjusted contracts and profit booking rates [1]. - It is claimed that the company did not have adequate procedures for comprehensive reviews of program requirements, technical complexities, schedules, and risks [1]. - Lockheed Martin is accused of overstating its ability to meet contract commitments regarding cost, quality, and schedule [1]. - As a result of these issues, the company was likely to report significant losses [1]. - The positive statements made by the defendants about the company's business and prospects were deemed materially misleading and lacked a reasonable basis [1]. Class Action Details - The class period for the lawsuit is from January 23, 2024, to July 21, 2025 [1]. - Shareholders are encouraged to register for the class action by September 26, 2025, to potentially be appointed as lead plaintiffs [2]. - There is no cost or obligation for shareholders to participate in the case [2].