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Shareholder Alert: The Ademi Firm investigates whether RAPT Therapeutics, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2026-01-20 17:15
Core Viewpoint - Ademi LLP is investigating RAPT for potential breaches of fiduciary duty and other legal violations related to its transaction with GSK plc [1] Group 1: Transaction Details - RAPT stockholders can choose to receive $58.00 per share, leading to an estimated total equity value of $2.2 billion [2] - RAPT insiders are set to gain significant benefits from change of control arrangements as part of the transaction [2] Group 2: Investigation Focus - The transaction agreement restricts competing offers for RAPT by imposing a substantial penalty if a competing bid is accepted [3] - The investigation will assess whether the RAPT board of directors is meeting their fiduciary responsibilities to all shareholders [3]
CRWV INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that CoreWeave, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
TMX Newsfile· 2026-01-17 18:15
Core Points - The CoreWeave class action lawsuit has been initiated against CoreWeave, Inc. and its executives for alleged violations of the Securities Exchange Act of 1934 during the class period from March 28, 2025, to December 15, 2025 [1][3] - CoreWeave is accused of overstating its ability to meet customer demand and failing to disclose significant risks associated with its reliance on a single third-party data center supplier [3][4] - The lawsuit highlights a significant deal worth up to $11.9 billion with OpenAI announced shortly before CoreWeave's IPO, and a subsequent all-stock acquisition agreement with Core Scientific, which was later terminated due to insufficient shareholder votes [2][4] Allegations and Impact - Allegations include that CoreWeave's executives made misleading statements regarding the company's operational capabilities and the risks posed by its data center supplier, which were likely to negatively impact revenue [3][5] - Following the announcement of lower revenue guidance due to delays from a third-party data center developer, CoreWeave's stock price fell by over 16% [5] - A Wall Street Journal article revealed that delays were more severe than previously acknowledged, leading to an additional 3.4% drop in CoreWeave's stock price [6] Legal Process - Investors who purchased CoreWeave securities during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to represent the interests of all class members [7][8] - The lead plaintiff can select a law firm to litigate the case, and participation as lead plaintiff is not required to share in any potential recovery [8] About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [9]
Kuehn Law Encourages Investors of Coupang, Inc. to Contact Law Firm
TMX Newsfile· 2026-01-16 20:34
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Coupang, Inc. related to a federal securities lawsuit concerning inadequate cybersecurity protocols and misrepresentation of information to shareholders [1][2]. Group 1: Cybersecurity Issues - Coupang had inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without detection [2]. - This breach exposed Coupang to a materially heightened risk of regulatory and legal scrutiny [2]. Group 2: Disclosure Failures - Insiders at Coupang failed to report the data breach in a current report filing with the U.S. Securities and Exchange Commission (SEC), violating applicable reporting rules [2]. - Public statements made by the company were materially false and/or misleading during the relevant times [2].
Kuehn Law Encourages Investors of Agilon Health, Inc. to Contact Law Firm
TMX Newsfile· 2026-01-16 20:27
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Agilon Health, Inc. related to shareholder interests [1] Group 1: Allegations of Misrepresentation - A federal securities lawsuit claims that insiders at Agilon Health misrepresented or failed to disclose critical information, including that the 2025 guidance was issued recklessly, knowing it was unattainable [2] - The lawsuit also alleges that the positive financial impact from strategic actions taken by Agilon to mitigate risk was materially overstated [2] - Consequently, statements regarding the company's business, operations, and prospects were materially false and/or misleading during relevant periods [2] Group 2: Shareholder Participation - Shareholders who purchased Agilon Health stock prior to February 26, 2025, are encouraged to contact Kuehn Law, which covers all case costs and does not charge its clients [3] - The firm emphasizes the importance of shareholder involvement in maintaining the integrity and fairness of financial markets [4]
Kuehn Law Encourages Investors of Synopsys, Inc. to Contact Law Firm
TMX Newsfile· 2026-01-15 16:26
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Synopsys, Inc. related to misrepresentation of the company's financial performance and strategic focus [1][2]. Group 1: Legal Investigation - Kuehn Law is looking into whether Synopsys executives failed to uphold their fiduciary responsibilities to shareholders [1]. - The investigation is prompted by allegations that insiders at Synopsys misrepresented the impact of the company's shift towards AI customers on its Design IP business [2]. Group 2: Financial Performance Concerns - The company's increasing focus on AI customers requiring more customization is reportedly weakening its Design IP business [2]. - As a result of this strategic shift, certain plans of the company are unlikely to achieve their intended outcomes, which is materially harming its financial performance [2].
Shareholder Alert: The Ademi Firm investigates whether Penumbra, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2026-01-15 15:27
Core Viewpoint - Ademi LLP is investigating Penumbra for potential breaches of fiduciary duty and other legal violations related to its transaction with Boston Scientific [1] Group 1: Transaction Details - Penumbra stockholders can choose to receive either $374 in cash or 3.8721 shares of Boston Scientific common stock per share, with the total transaction consideration being approximately 73% in cash and 27% in stock [2] - Penumbra insiders are set to receive significant benefits as part of the change of control arrangements [2] Group 2: Board Conduct and Limitations - The transaction agreement imposes significant penalties on Penumbra for accepting competing bids, which may limit the board's ability to consider other offers [3] - The investigation focuses on whether the Penumbra board is fulfilling its fiduciary duties to all shareholders amid these limitations [3]
SMAR INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP announces that Former Smartsheet Inc. Shareholders with Substantial Holdings Have Opportunity to Lead Class Action Lawsuit
Businesswire· 2026-01-14 12:02
Core Viewpoint - The Smartsheet Inc. class action lawsuit has been initiated due to alleged violations related to the acquisition by Blackstone Inc., Vista Equity Partners Management, LLC, and the Abu Dhabi Investment Authority, with shareholders having until February 24, 2026, to seek lead plaintiff status [1][5]. Group 1: Class Action Details - Shareholders who held Smartsheet securities as of October 25, 2024, are eligible to participate in the class action lawsuit [1][2]. - The lawsuit alleges that a misleading Schedule 14A Proxy statement was issued, which led to shareholders approving the merger at an unfair price of $56.50 per share [3][4]. - The complaint claims that the Proxy failed to disclose important financial metrics, such as the Annual Recurring Revenue (ARR), which was touted in press releases and earnings calls as a key indicator of Smartsheet's financial performance [4]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who held Smartsheet securities as of the record date to seek lead plaintiff status, representing the interests of the class [5]. - The lead plaintiff can choose a law firm to litigate the case, and participation as a lead plaintiff does not affect an investor's ability to share in any potential recovery [5]. Group 3: Company Background - Smartsheet is an enterprise software company that provides software-as-a-service (SaaS) work management solutions, tracking its Annual Recurring Revenue (ARR) as a key performance metric [2].
FRMI INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Fermi Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-01-14 01:10
Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to alleged violations related to its October 2025 IPO, with claims of misleading statements regarding tenant demand and funding commitments for its Project Matador campus [1][3][4]. Company Overview - Fermi Inc. is described as an energy and AI infrastructure company that conducted an IPO in October 2025, selling 37,375,000 shares at $21.00 per share [2]. Allegations of the Lawsuit - The lawsuit alleges that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment, which posed a significant risk of termination [3]. - On December 12, 2025, Fermi disclosed that the first tenant for Project Matador had terminated a $150 million funding agreement, leading to a nearly 34% drop in stock price [4]. - By the time the lawsuit commenced, Fermi's stock price had fallen to as low as $8.59 per share, representing a 59% decline from the IPO price [5]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Fermi common stock during the IPO or the class period to seek appointment as lead plaintiff in the lawsuit [6]. - The lead plaintiff will represent the interests of all class members and can choose a law firm for litigation [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has a strong track record in obtaining significant recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [7].
Shareholder Alert: The Ademi Firm investigates whether Sun Country Airlines Holdings, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2026-01-13 18:50
Core Viewpoint - Ademi LLP is investigating Sun Country for potential breaches of fiduciary duty and other legal violations related to its transaction with Allegiant Travel [1]. Group 1: Transaction Details - Sun Country stockholders will receive 0.1557 shares of Allegiant Travel common stock and $4.10 in cash for each Sun Country share, valuing Sun Country at approximately $1.5 billion, including $0.4 billion of net debt [2]. - Upon completion of the transaction, Allegiant and Sun Country shareholders will own approximately 67% and 33% of the combined company, respectively [2]. Group 2: Board Conduct and Shareholder Rights - The transaction agreement imposes significant penalties on Sun Country for accepting competing bids, which raises concerns about the board's fulfillment of fiduciary duties to all shareholders [3]. - Ademi LLP specializes in shareholder litigation related to buyouts, mergers, and individual shareholder rights [4].
KLAR INVESTOR DEADLINE: Klarna Group plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
TMX Newsfile· 2026-01-09 19:10
Core Viewpoint - Klarna Group plc is facing a class action lawsuit related to its September 10, 2025 IPO, with allegations of misleading offering documents and understated risks regarding loan loss reserves [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Nayak v. Klarna Group plc, allows purchasers of Klarna securities from the IPO to seek lead plaintiff status by February 20, 2026 [1][5]. - Klarna's IPO involved the issuance of approximately 34 million shares at an offering price of $40.00 per share [2]. - The lawsuit claims that Klarna's offering documents were materially false or misleading, particularly regarding the risk of increased loss reserves shortly after the IPO [3]. Group 2: Financial Performance and Stock Impact - Following the IPO, Klarna reported a net loss of $95 million on November 18, 2025, and increased provisions for loan losses to $235 million, exceeding analyst estimates of $215.8 million [4]. - Provisions for loan losses represented 0.72% of gross merchandise volume, up from 0.44% the previous year [4]. - By the time the class action lawsuit commenced, Klarna's stock price had fallen to as low as $31.31 per share, significantly below the IPO price of $40 [4]. Group 3: Legal Representation and Firm Background - Robbins Geller Rudman & Dowd LLP is representing investors in the Klarna class action lawsuit and is recognized as a leading law firm in securities fraud litigation [6]. - The firm has secured over $2.5 billion for investors in securities-related class action cases in 2024, ranking first in monetary relief for investors [6].