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JHX SECURITIES ALERT: BFA Law Notifies James Hardie Industries plc Shareholders of Pending Securities Fraud Class Action and Upcoming December 23 Deadline
Newsfile· 2025-11-26 12:17
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for securities fraud, following a significant stock drop attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with a deadline for investors to seek lead plaintiff status by December 23, 2025 [3]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in James Hardie common stock [3]. Group 2: Company Background - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [4]. Group 3: Allegations of Misrepresentation - During the relevant period, James Hardie claimed strong performance in its North American fiber cement segment, asserting "inherent strength" and "underlying momentum" in its strategy [5]. - The lawsuit alleges that the reported sales were due to inventory loading by channel partners rather than genuine customer demand, indicating potential fraudulent practices [5]. Group 4: Stock Performance Impact - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, leading to a stock price drop of $9.79 per share, or over 34%, from $28.43 to $18.64 [6]. - The company indicated that significant inventory destocking would continue to affect sales for several quarters [6]. Group 5: Management Changes - On November 17, 2025, it was announced that Rachel Wilson would step down from her role as CFO of James Hardie [7].
Deadline Alert: Primo Brands Corporation (PRMB) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-11-26 04:00
Core Viewpoint - The article discusses a class action lawsuit against Primo Brands Corporation, highlighting the upcoming deadline for investors to file a lead plaintiff motion due to significant stock price declines following operational disruptions and misleading statements by the company [1][5]. Group 1: Company Background and Events - On November 8, 2024, Primo Water completed a merger with BlueTriton Brands, leading to the formation of Primo Brands [2]. - On August 7, 2025, Primo Brands reported second quarter financial results, revealing that rapid facility closures and headcount reductions caused supply and service disruptions, resulting in a stock price drop of $2.41, or 9.1%, to close at $24.00 per share [3]. - On November 6, 2025, the company announced a CEO replacement and lowered its full-year 2025 net sales and adjusted EBITDA guidance, attributing issues to the rapid integration process, which led to a further stock price decline of $8.20, or 36.2%, closing at $14.46 per share [4]. Group 2: Lawsuit Details - The class action lawsuit alleges that during the Class Period, the defendants made materially false and misleading statements and failed to disclose adverse facts regarding the company's operations and prospects, including poor merger integration and significant supply disruptions [5]. - Investors who purchased Primo Brands common stock during the Class Period have until January 12, 2026, to request appointment as lead plaintiff in the class action lawsuit [6].
STUB Investors Have Opportunity to Lead StubHub Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-25 19:55
Core Viewpoint - StubHub Holdings, Inc. is facing a class action lawsuit for alleged violations of federal securities laws, primarily due to misleading statements regarding its financial performance during its IPO period [1][4]. Summary by Sections Lawsuit Details - The Schall Law Firm has filed a class action lawsuit against StubHub Holdings, Inc. for securities fraud, encouraging affected investors to join the case [1][4]. - Investors who purchased StubHub securities during its IPO on September 17, 2025, are invited to contact the firm before January 23, 2026, to discuss their rights [2]. Allegations - The complaint alleges that StubHub made false and misleading statements that materially affected its reported free cash flow, which was impacted by changes in vendor payment timing [4]. - The misleading public statements persisted throughout the IPO period, leading to investor losses once the true financial situation was revealed [4]. Legal Representation - The Schall Law Firm specializes in securities class action lawsuits and represents investors globally [5].
INVESTOR REMINDER: Important James Hardie Industries plc Securities Class Action Deadline Approaching on December 23 for Investors with Losses – Contact BFA Law
Globenewswire· 2025-11-25 13:33
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, titled Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, et al., No. 1:25-cv-13018 [3]. - Investors have until December 23, 2025, to request to be appointed to lead the case [3]. Group 2: Company Background - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [4]. Group 3: Allegations of Fraud - The complaint alleges that James Hardie misrepresented the strength and momentum of its North American fiber cement segment, claiming sales were driven by sustainable customer demand rather than inventory loading by channel partners [5]. - The company stated on May 20, 2025, that it was experiencing "normal stock levels" and expected performance, which was later contradicted by actual sales data [5]. Group 4: Stock Performance - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, attributed to destocking efforts by customers [6]. - Following this announcement, the stock price plummeted by $9.79 per share, a decrease of over 34%, from $28.43 to $18.64 [6]. Group 5: Executive Changes - On November 17, 2025, it was announced that Rachel Wilson would step down from her role as CFO [7].
STUB CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit On Behalf Of StubHub Holdings, Inc. Shareholders
Businesswire· 2025-11-25 02:14
Core Viewpoint - Glancy Prongay & Murray LLP has filed a class action lawsuit against StubHub Holdings, Inc. on behalf of shareholders who purchased stock during the company's September 2025 IPO, alleging securities fraud due to misleading statements in the registration statement [1][7]. Company Overview - StubHub conducted its IPO on September 17, 2025, selling approximately 34 million shares of Class A common stock at a price of $23.50 per share [3]. - Following the IPO, StubHub reported negative free cash flow of $4.6 million for Q3 2025, a 143% decrease from the previous year's positive free cash flow of $10.6 million [4]. - The company's net cash provided by operating activities also decreased by 69.3%, from $12.4 million in the previous year to $3.8 million [4]. Stock Performance - After the Q3 2025 financial results were announced, StubHub's stock price fell by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025 [5]. - By the time the lawsuit commenced, StubHub's stock was trading as low as $10.31 per share, representing a nearly 56% decline from the IPO price [6]. Allegations in the Lawsuit - The lawsuit claims that the registration statement was materially false and misleading, failing to disclose significant adverse facts about the company's business and operations [7]. - Specific allegations include undisclosed changes in the timing of payments to vendors, which adversely impacted free cash flow, leading to misleading reports [8].
Freeport-McMoRan Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before January 12, 2026 to Discuss Your Rights – FCX
Globenewswire· 2025-11-24 20:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit due to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [3]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [3]. - The allegations include that these safety issues constituted undisclosed risks of regulatory, litigation, and reputational damage [3]. - As a result, statements made by the defendants regarding Freeport-McMoRan's business and operations were materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Shareholder Alert: The Ademi Firm investigates whether Blue Foundry Bancorp is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-11-24 19:00
Core Points - The Ademi Firm is investigating Blue Foundry for potential breaches of fiduciary duty related to its transaction with Fulton Financial [1] - Blue Foundry shareholders will receive 0.6500 shares of Fulton common stock for each share, valuing Blue Foundry at $11.67 per share based on Fulton's share price of $17.96 [2] - The transaction agreement imposes significant penalties for accepting competing bids, raising concerns about the Blue Foundry board's fiduciary duties [3] Company Specifics - The transaction values Blue Foundry at approximately $11.67 per share, indicating a significant valuation based on the exchange ratio with Fulton Financial [2] - Blue Foundry insiders are set to receive substantial benefits as part of the change of control arrangements, which may raise questions about the fairness of the deal for public shareholders [2] Legal and Regulatory Concerns - The investigation focuses on whether the Blue Foundry board is fulfilling its fiduciary duties to all shareholders, particularly in light of the penalties imposed on competing bids [3] - The Ademi Firm specializes in shareholder litigation involving mergers and buyouts, indicating a broader context of scrutiny in similar transactions [4]
Shareholder Alert: The Ademi Firm investigates whether Green Dot Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-11-24 15:00
Core Viewpoint - The Ademi Firm is investigating Green Dot for potential breaches of fiduciary duty and other legal violations related to its transaction with Smith Ventures and CommerceOne Financial Corporation [1][3]. Transaction Details - In the transaction, Green Dot shareholders will receive $8.11 per share in cash plus 0.2215 shares of a new publicly traded bank holding company [2]. - Green Dot insiders are set to receive substantial benefits as part of the change of control arrangements [2]. Investigation Focus - The transaction agreement imposes significant penalties on Green Dot if it accepts competing bids, which may limit competing transactions unreasonably [3]. - The investigation will assess whether the Green Dot board of directors is fulfilling their fiduciary duties to all shareholders [3].
DEADLINE APPROACHING: Berger Montague Advises Cepton, Inc. (NASDAQ: CPTN) Investors to Inquire About a Securities Fraud Class Action by December 8, 2025
Prnewswire· 2025-11-24 14:06
Accessibility StatementSkip Navigation PHILADELPHIA  , Nov. 24, 2025 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Cepton, Inc. (NASDAQ: CPTN) ("Cepton" or the "Company") on behalf of investors who purchased or sold Cepton shares during the period of July 29, 2024 through January 6, 2025 (the "Class Period"). Investor Deadline: Investors who purchased or sold Cepton securities during the Class Period may, no later than December 8, 2025, seek to ...
CLASS ACTION REMINDER: Berger Montague Advises Marex Group PLC (NASDAQ: MRX) Investors to Inquire About a Securities Fraud Lawsuit by December 8, 2025
Prnewswire· 2025-11-24 13:21
Core Viewpoint - A class action lawsuit has been filed against Marex Group plc due to allegations of financial improprieties, including a multi-year accounting scheme that concealed losses and inflated profits [1][3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Marex shares from May 16, 2024, to August 5, 2025 [1][2]. - Investors have until December 8, 2025, to seek appointment as lead plaintiff [2]. Group 2: Allegations Against Marex - NINGI Research reported that Marex engaged in a multi-year accounting scheme involving off-balance-sheet entities and fictitious transactions [3]. - The report highlighted discrepancies in intercompany receivables and loans across over 56 entities, amounting to multi-million-dollar differences [3]. - Marex allegedly concealed nearly $1 billion in off-balance-sheet derivatives, inflating operating cash flow by misclassifying structured note issuance as income [4]. Group 3: Market Reaction - Following the release of the report, Marex's stock price fell by $2.33, or 6.2%, closing at $35.31, resulting in significant investor losses [4].