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$ARDT Stock Announcement: Ardent Health Investors may have been Affected by Fraud and are Urged to Contact BFA Law before March 9 Class Action Deadline
TMX Newsfile· 2026-02-16 11:36
Core Viewpoint - A class action lawsuit has been filed against Ardent Health, Inc. and its senior executives for securities fraud, following a significant drop in stock price due to alleged violations of federal securities laws [1][3]. Company Overview - Ardent Health, Inc. operates acute care hospitals and other healthcare facilities, with a focus on the collection of accounts receivable [4]. Allegations of Fraud - The lawsuit claims that Ardent Health misrepresented its process for determining the collectability of accounts receivable, stating it relied on "detailed reviews of historical collections," while in reality, it used a "180-day cliff" method, which inflated reported accounts receivable and delayed loss recognition [4]. Stock Price Impact - On November 12, 2025, Ardent Health disclosed a $43 million revenue decrease for the quarter and increased its professional liability reserves by $54 million, leading to a stock price drop of $4.75 per share, or over 33%, from $14.05 to $9.30 per share [5]. Legal Proceedings - Investors have until March 9, 2026, to request to lead the case in the U.S. District Court for the Middle District of Tennessee, under the caption Postiwala v. Ardent Health, Inc., et al. [3].
$BRBR Stock Announcement: BellRing Brands, Inc. Investors may have been Affected by Fraud and are Urged to Contact BFA Law before March 23 Class Action Deadline
TMX Newsfile· 2026-02-16 11:36
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. and certain senior executives for securities fraud, following a significant drop in stock price attributed to potential violations of federal securities laws [1][3]. Company Overview - BellRing Brands, Inc. develops, markets, and sells "convenient nutrition" products, primarily known for its ready-to-drink protein shakes under the Premier Protein brand [4]. Allegations of Securities Fraud - The lawsuit claims that BellRing misrepresented sales growth as being driven by increased consumer demand, while in reality, sales were inflated due to key customers stockpiling inventory. The company downplayed competitive pressures, asserting it had a "competitive moat" in the ready-to-drink category [4]. - The complaint is based on violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in BellRing securities [3]. Stock Price Decline - On May 6, 2025, BellRing's CFO disclosed that several key retailers had reduced their inventory levels, leading to a projected mid-single-digit headwind for Q3 growth. This announcement caused the stock price to drop by $14.88, or 19%, from $78.43 to $63.55 per share [5]. - Following the Q3 2025 financial results reported on August 4, 2025, which included a narrowed fiscal year outlook, the stock price fell by $17.46, or nearly 33%, from $53.64 to $36.18 per share on August 5, 2025 [6][7].
Agilon Health Deadline: AGL Investors Have Opportunity to Lead agilon health, inc. Securities Fraud Lawsuit First Filed by the Rosen Law Firm
Prnewswire· 2026-02-15 21:12
Core Viewpoint - Agilon Health, Inc. is facing a securities fraud lawsuit initiated by the Rosen Law Firm, with a lead plaintiff deadline set for March 2, 2026, for investors who purchased securities between February 26, 2025, and August 4, 2025 [1] Group 1: Lawsuit Details - The lawsuit alleges that Agilon's management made false and misleading statements regarding the company's financial guidance for 2025, which they knew was unattainable due to industry challenges [1] - It is claimed that Agilon overstated the positive financial impact from strategic actions taken to mitigate risks, leading to materially false representations about the company's business and prospects [1] - Investors are encouraged to join the class action without incurring out-of-pocket fees, as the Rosen Law Firm operates on a contingency fee basis [1] Group 2: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for settlements in 2017 [1] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [1] - Founding partner Laurence Rosen has been recognized as a leading figure in the plaintiffs' bar, highlighting the firm's expertise in handling such cases [1]
ARDT COURT DEADLINE: Ardent Health, Inc. Faces Securities Fraud Allegations Over Collectability Issues – BFA Law Notifies Investors of the March 9 Class Action Deadline
Globenewswire· 2026-02-15 11:25
Core Viewpoint - A class action lawsuit has been filed against Ardent Health, Inc. and its senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][4]. 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, with claims asserted under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Allegations Against Ardent Health - 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 and a $54 million increase in professional liability reserves, leading to a stock price drop of $4.75 per share, or over 33%, from $14.05 to $9.30 [5].
KD INQUIRY ALERT: Kyndryl Holdings, Inc. Faces Securities Fraud Allegations Over Accounting Issues – Contact BFA Law if You Lost Money
Globenewswire· 2026-02-15 11:18
Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain senior executives for securities fraud following a significant drop in stock price due to alleged violations of federal securities laws [1][3]. Company Overview - Kyndryl is a provider of enterprise technology services, offering advisory, implementation, and managed service capabilities to customers in over 60 countries, making it the world's largest IT infrastructure services provider [4]. Allegations - The lawsuit claims that Kyndryl misrepresented its cash management practices, including the drivers of its adjusted free cash flow metric and the effectiveness of its internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [5]. Stock Price Impact - On February 9, 2026, Kyndryl announced a delay in the release of its fiscal Q3 2026 financial statement due to an accounting review of its cash management practices, leading to the immediate departures of its CFO and General Counsel. Following this announcement, Kyndryl's stock price dropped over 52% during trading on the same day [6][7].
PLUG COURT DEADLINE: Plug Power Inc. Faces Securities Fraud Allegations Over DOE Funding Issues – BFA Law Notifies Investors of the April 3 Class Action Deadline
Globenewswire· 2026-02-15 11:18
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 [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]. Group 3: Allegations and Stock Performance - The lawsuit alleges that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. - Following the announcement of the CEO and President's abrupt departure on October 7, 2025, Plug Power's stock dropped by $0.26 per share, or 6.3%, from $4.13 to $3.87 [5]. - On November 10, 2025, the company announced the suspension of activities under the DOE loan program, leading to 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 facilities, resulting in a stock drop of $0.48 per share, or 17.6%, from $2.49 to $2.25 [7].
HUBG INQUIRY ALERT: Hub Group Inc. Faces Securities Fraud Investigation Over Financial Issues – Contact BFA Law if You Lost Money
Globenewswire· 2026-02-15 11:18
Core Viewpoint - Hub Group Inc. is under investigation for potential violations of federal securities laws, specifically regarding misrepresentation of financial data related to transportation costs and accounts payable for the first nine months of 2025 [1][2]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Hub Group for possible misrepresentation of its purchased transportation costs and accounts payable [2]. - The investigation follows Hub Group's announcement of a delay in releasing its fourth quarter and full year 2025 financial results, along with a restatement of its financial statements for the first three quarters of 2025 due to an error [3]. Group 2: Stock Market Reaction - Following the announcement of the financial restatement, Hub Group's stock price dropped over 24% during trading on February 6, 2026 [4].
Oracle Corporation's (NYSE:ORCL) Recent Developments and Stock Performance
Financial Modeling Prep· 2026-02-15 00:00
Core Viewpoint - Oracle Corporation is currently facing a securities fraud lawsuit, which may impact its stock performance and investor confidence [6]. Group 1: Company Overview - Oracle Corporation (NYSE:ORCL) is a leading technology company known for its software products and services, including database management systems and cloud solutions [1]. - The company competes with other tech giants like Microsoft and SAP [1]. Group 2: Legal Issues - The lawsuit suggests potential issues within Oracle that may have affected its stock performance [2]. - Shareholders who have faced financial losses are urged to contact the law firm Glancy Prongay Wolke & Rotter LLP [1]. Group 3: Executive Transactions - On February 9, 2026, Oracle's CEO, Magouyrk Clayton M., sold 10,000 shares at approximately $155.23 each, raising questions about the company's internal affairs [2]. - The CEO still holds 134,030 shares, which may influence investor perceptions [2]. Group 4: Stock Performance - Despite the ongoing legal proceedings, Oracle's stock is currently priced at $160.14, showing a 2.34% increase today, equivalent to a $3.66 rise [3]. - The stock has fluctuated between $155.29 and $162.06 during the trading day, indicating market volatility [3]. - Oracle's market capitalization is approximately $460.26 billion, reflecting its significant presence in the tech industry [4]. - The stock's trading volume today is 17.91 million shares, suggesting active investor interest [4]. - Over the past year, Oracle's stock has seen a high of $345.72 and a low of $118.86, highlighting its fluctuating market performance [4].
PLUG Investors with Losses in Excess of $100K Have Opportunity to Lead Plug Power Inc. Securities Fraud Lawsuit
Prnewswire· 2026-02-14 22:59
Core Viewpoint - Investors in Plug Power Inc. who incurred losses exceeding $100,000 during the specified class period may have the opportunity to lead a securities fraud lawsuit against the company, with a deadline for lead plaintiff applications set for April 3, 2026 [1]. Summary by Relevant Sections Class Action Details - The Rosen Law Firm is reminding investors who purchased Plug Power securities between January 17, 2025, and November 13, 2025, of their potential entitlement to compensation through a class action lawsuit [1]. - A class action lawsuit has already been filed, and interested parties must apply to serve as lead plaintiff by the specified deadline [1]. Allegations Against Plug Power - The lawsuit alleges that during the class period, defendants made false or misleading statements regarding the availability of funds from the U.S. Department of Energy's Loan and the construction of hydrogen production facilities [1]. - It is claimed that Plug Power was likely to shift towards less ambitious projects with lower commercial potential, which rendered the company's public statements materially false and misleading [1]. Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [1]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [1].
TUESDAY DEADLINE: SLM Corporation a/k/a Sallie Mae Investors with Substantial Losses Have Opportunity to Lead Class Action
TMX Newsfile· 2026-02-14 17:30
Core Viewpoint - The SLM Corporation (Sallie Mae) is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its financial stability and the effectiveness of its loan programs during a specific class period [1][3]. Group 1: Class Action Details - Investors in SLM securities from July 25, 2025, to August 14, 2025, can seek appointment as lead plaintiff in the class action lawsuit, which is titled Zappia v. SLM Corporation [1]. - The lawsuit alleges that SLM and its executives made false statements regarding the company's delinquency rates and the effectiveness of its loss mitigation programs [3][4]. Group 2: Allegations and Financial Impact - The lawsuit claims that SLM experienced a significant increase in early-stage delinquencies, contradicting statements made by the company's CFO about normal seasonal trends [3][4]. - A report from TD Cowen indicated that July 2025 delinquencies rose by 49 basis points month-over-month, which was worse than the expected seasonal increase of 10 basis points, leading to an approximate 8% drop in SLM's stock price following the report [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who suffered losses during the class period to seek lead plaintiff status, which involves directing the class action lawsuit on behalf of all members [5]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized as a leading firm in securities fraud litigation, having recovered over $916 million for investors in 2025 alone [6].