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Plug Power Lawsuit Reminder: Did Plug Power Inc. (NASDAQ:PLUG) Mislead Investors in Connection with the 17% Stock Drop? Contact BFA Law about the Class Action Lawsuit
Globenewswire· 2026-02-17 12:07
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud following significant stock drops 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 New York, captioned Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. - Investors have until April 3, 2026, to request to be appointed to lead the case, with claims asserted under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Company Background - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. - The company announced a "closed a $1.66 billion loan guarantee" from the U.S. Department of Energy to finance the construction of hydrogen production facilities [4]. Group 3: Stock Performance and Events - On October 7, 2025, the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha led to a stock price drop of $0.26 per share, or 6.3%, from $4.13 to $3.87 [5]. - On November 10, 2025, Plug Power suspended activities under the DOE loan program, causing a further stock drop of $0.09 per share, or 3.4%, from $2.65 to $2.56 [6]. - A report on November 13, 2025, confirmed the suspension of plans to construct hydrogen production facilities, resulting in a stock drop of $0.48 per share, or 17.6%, from $2.49 to $2.25 [7].
BellRing Lawsuit Reminder: Did BellRing Brands, Inc. (NYSE:BRBR) Mislead Investors in Connection with the 33% Stock Drop? Contact BFA Law about its Class Action Lawsuit
Globenewswire· 2026-02-17 12:07
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. and its senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Denha v. BellRing Brands, Inc., No. 1:26-cv-00575 [2]. - Investors have until March 23, 2026, to request to lead the case [2]. Group 2: Company Background - BellRing Brands develops, markets, and sells "convenient nutrition" products, primarily ready-to-drink protein shakes under the Premier Protein brand [3]. - The company previously claimed that its sales growth was due to increased consumer demand and various positive factors, while downplaying competitive pressures [3]. Group 3: Stock Performance and Impact - On May 6, 2025, BellRing's CFO indicated that several key retailers had reduced their inventory levels, leading to a projected mid-single-digit headwind for Q3 growth, resulting in a stock price drop of $14.88 per share, or 19% [4]. - Following the Q3 2025 financial results reported on August 4, 2025, which included a narrowed fiscal year outlook, the stock dropped by $17.46 per share, nearly 33%, the next day [5][6].
Kyndryl Lawsuit Reminder: Did Kyndryl Holdings, Inc. (NYSE:KD) Mislead Investors in Connection with the 53% Stock Drop? Contact BFA Law about the Class Action Lawsuit
Globenewswire· 2026-02-17 12:07
Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of New York, titled Brander v. Kyndryl Holdings, Inc., et al., No. 1:26-cv-00782 [3]. - Investors have until April 13, 2026, to request to be appointed to lead the case, with claims asserted under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Company Background - Kyndryl is the world's largest IT infrastructure services provider, offering enterprise technology services, including advisory, implementation, and managed service capabilities in over 60 countries [4]. Group 3: Allegations and Stock Impact - Kyndryl is accused of misrepresenting its cash management practices and the effectiveness of its internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [5]. - On February 9, 2026, Kyndryl announced a delay in releasing its fiscal Q3 2026 financial statement due to an accounting review, leading to the immediate departures of its CFO and General Counsel [6]. - Following this announcement, Kyndryl's stock price dropped over 52% during trading on February 9, 2026 [7].
Ardent Lawsuit Reminder: Did Ardent Health, Inc. (NYSE:ARDT) Mislead Investors in Connection with the 33% Stock Drop? Contact BFA Law about its Class Action Lawsuit
Globenewswire· 2026-02-17 12:07
Core Viewpoint - A class action lawsuit has been filed against Ardent Health, Inc. and certain senior executives for securities fraud following a significant stock drop due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Middle District of Tennessee, captioned Postiwala v. Ardent Health, Inc., et al., No. 3:26-cv-00022 [3]. - Investors have until March 9, 2026, to request to be appointed to lead the case [3]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Ardent Health securities [3]. Group 2: Allegations Against Ardent Health - Ardent Health operates acute care hospitals and healthcare facilities, with a critical focus on the collection of accounts receivable [4]. - The lawsuit alleges that Ardent Health misrepresented its process for determining the collectability of accounts receivable, claiming reliance on "detailed reviews of historical collections," while actually using a "180-day cliff" method [4]. - This misrepresentation allowed Ardent Health to report inflated accounts receivable and delay recognizing losses on uncollectable accounts, constituting a violation of federal securities laws [4]. Group 3: Stock Price Impact - On November 12, 2025, Ardent Health disclosed a $43 million revenue decrease for the quarter due to "hindsight evaluations of historical collection trends" [5]. - Additionally, the company increased its professional liability reserves by $54 million due to adverse prior period claim developments [5]. - Following this announcement, Ardent Health's stock price fell by $4.75 per share, a decline of over 33%, from $14.05 to $9.30 per share [5].
Fermi Lawsuit Reminder: Did Fermi Inc. (NASDAQ:FRMI) Mislead Investors in Connection with the 33% Stock Drop? Contact BFA Law about the Class Action Lawsuit
Globenewswire· 2026-02-17 12:07
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drop linked to potential violations of federal securities laws [1][3]. Group 1: Company Overview - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The company's flagship project, Project Matador, is designed to provide dedicated power for AI workloads [4]. Group 2: IPO and Allegations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease with an investment-grade-rated tenant [5]. - Allegations suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 3: Stock Price Impact - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the termination of the Advance in Aid of Construction Agreement by the First Tenant [7]. - The stock price fell from $15.25 per share on December 11, 2025, to $10.09 per share on December 12, 2025 [7].
TCPC Investors Have Opportunity to Lead BlackRock TCP Capital Corp. Securities Fraud Lawsuit
Prnewswire· 2026-02-17 00:31
Core Viewpoint - A class action lawsuit has been initiated against BlackRock TCP Capital Corp. for alleged securities fraud, with a focus on misleading statements and undisclosed adverse facts regarding the company's business and operations during the specified Class Period from November 6, 2024, to January 23, 2026 [1]. Group 1: Lawsuit Details - The lawsuit claims that BlackRock TCP's investments were not being valued appropriately, leading to understated unrealized losses and overstated net asset value (NAV) [1]. - Defendants allegedly failed to disclose that portfolio restructuring efforts were ineffective in resolving credit challenges or improving portfolio quality [1]. - The misleading statements made by the defendants about BlackRock TCP's business and prospects resulted in investor damages when the true details became public [1]. Group 2: Legal Process and Participation - Investors who purchased BlackRock TCP securities during the Class Period may be entitled to compensation without upfront costs through a contingency fee arrangement [1]. - To participate in the class action, investors must act by April 6, 2026, to serve as lead plaintiff or can choose to remain absent and still be eligible for any potential recovery [1]. - The Rosen Law Firm, which is leading the class action, has a strong track record in securities class actions and has recovered significant amounts for investors in the past [1].
RGNX Investors Have Opportunity to Lead REGENXBIO, Inc. Securities Fraud Lawsuit
Prnewswire· 2026-02-17 00:11
Core Viewpoint - A class action lawsuit has been initiated against REGENXBIO, Inc. for alleged securities fraud during the period from February 9, 2022, to January 27, 2026, with investors potentially entitled to compensation without upfront costs [1] Group 1: Lawsuit Details - The lawsuit claims that REGENXBIO provided misleading information regarding its gene therapy product candidate RGX-111, which is intended for treating severe Mucopolysaccharidosis Type I, also known as Hurler syndrome [1] - Defendants allegedly made positive assertions about RGX-111's trial success based on favorable biomarker and safety data while concealing adverse facts about the trial's efficacy and safety [1] - Investors reportedly suffered damages when the true details about the trial were revealed [1] Group 2: Legal Representation - Investors wishing to join the class action can do so without any out-of-pocket fees through a contingency fee arrangement [1] - The Rosen Law Firm, known for its success in securities class actions, encourages investors to select qualified counsel with a proven track record [1] - The firm has achieved significant settlements in the past, including over $438 million for investors in 2019 [1]
RGNX Investors Have Opportunity to Lead REGENXBIO Inc. Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2026-02-16 22:41
Core Viewpoint - Investors in REGENXBIO Inc. have the opportunity to lead a securities fraud lawsuit against the company due to alleged misleading statements regarding the efficacy and safety of its product candidate RGX-111 [1] Group 1: Lawsuit Details - The Schall Law Firm is reminding investors of a class action lawsuit against REGENXBIO Inc. for violations of the Securities Exchange Act of 1934 [1] - The class period for the lawsuit is defined as between February 9, 2022, and January 27, 2026 [1] - Investors who suffered losses during this period are encouraged to contact the Schall Law Firm before April 14, 2026 [1] Group 2: Allegations Against the Company - The complaint alleges that REGENXBIO made false and misleading statements about RGX-111 while concealing negative data regarding its efficacy and safety [1] - A significant issue arose when an intraventricular CNS tumor was discovered in a participant treated in the RGX-111 study, which contradicted the company's positive statements [1] - The lawsuit claims that the company's public statements were materially misleading throughout the class period, leading to investor damages when the truth was revealed [1]
FFIV FINAL DEADLINE ALERT: Hagens Berman Alerts F5 (FFIV) Investors to Feb. 17th Deadline in Securities Class Action Over Alleged Long-Term Undetected Hack and Nation State Infiltration
Globenewswire· 2026-02-16 17:31
Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against F5, Inc. due to allegations of misleading statements regarding the security of its BIG-IP products, which resulted in significant financial losses for investors [1][2]. Group 1: Allegations and Impact - The lawsuit claims that F5 executives misled the market about the security of its core products, particularly after a sophisticated nation-state threat actor allegedly accessed F5's systems and exfiltrated sensitive source code [2][4]. - Following the revelation of the security breach in October 2025, F5's market value dropped by over $2 billion due to a significant decline in stock price [2]. - The breach was disclosed on October 15, 2025, revealing that a nation-state actor had maintained long-term access to F5's systems, which included the BIG-IP product development environment [7]. Group 2: Financial Performance and Guidance - F5's disappointing 4Q FY25 results, released on October 27, 2025, indicated a significant reduction in expected sales and renewals, elongated sales cycles, and increased expenses due to ongoing remediation efforts [7]. - The stock price fell by $22.83, or 7%, the day after the poor performance announcement, which was compounded by several analyst downgrades [7]. - The class period for the lawsuit is defined as October 28, 2024, to October 27, 2025, with a lead plaintiff deadline set for February 17, 2026 [5].
Class Action Announcement for uniQure N.V. Investors: A Securities Fraud Class Action Lawsuit Was Filed Against uniQure N.V.
Globenewswire· 2026-02-16 16:57
Core Viewpoint - Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action lawsuit against uniQure N.V. on behalf of investors who purchased shares during a specified class period, alleging that the company made materially false and misleading statements regarding its drug candidate AMT-130 and its regulatory prospects with the FDA [1][11]. Company Overview - uniQure N.V. is a biotechnology company focused on developing gene therapies for rare diseases, including Huntington's disease (HD) [3]. - The company's leading drug candidate, AMT-130, aims to slow the progression of HD, a fatal inherited disorder with no existing cure [4]. Clinical Trials and FDA Interaction - uniQure completed patient enrollment for two ongoing Phase I/II clinical trials for AMT-130, known as the Pivotal Study, in March 2022 [4]. - The FDA had previously agreed that the Pivotal Study would not include a placebo comparator, allowing results to be compared to an external historical dataset, ENROLL-HD, for potential BLA submission [5]. Investor Communication and Stock Performance - On September 24, 2025, uniQure announced topline results from the Pivotal Study, leading to a significant increase in share price from $13.66 to $47.50, a nearly 250% rise [7][8]. - By October 29, 2025, shares were trading above $70.00, and the company raised approximately $345 million through a public offering shortly after the positive study results [9]. Allegations of Misrepresentation - The lawsuit alleges that uniQure misrepresented the FDA's approval of the Pivotal Study design and downplayed the likelihood of delays in the BLA timeline, leading to inflated stock prices based on misleading information [11]. - On November 3, 2025, uniQure disclosed that the FDA no longer agreed that the study data was adequate for BLA submission, resulting in a stock price drop of over 49% [10]. Legal Process for Investors - Investors who acquired uniQure shares during the class period may seek to be appointed as lead plaintiffs by April 13, 2026, to represent the class in the lawsuit [2][12].