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Elon Musk misled Twitter investors while trying to get out of acquisition, jury says
Yahoo Finance· 2026-03-20 23:29
A civil jury in California on Friday ruled that Elon Musk intentionally misled Twitter investors when he tried to back out of his $44 billion acquisition of the platform in 2022. At the time, Musk had tweeted that Twitter had too many bots, which is why he later tried to renege on the acquisition. (Twitter ended up suing Musk to force him to seal the deal.) “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk wr ...
SMCI INVESTIGATION ALERT: Investigation Launched into Super Micro Computer, Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm – RGRD Law
Globenewswire· 2026-03-20 23:12
Company Overview - Super Micro Computer, Inc. develops and manufactures high-performance server and storage solutions [2] Recent Developments - On March 19, 2026, Super Micro announced that the United States Attorney's Office for the Southern District of New York has unsealed an indictment of three individuals associated with the company for an alleged conspiracy to commit export-control violations [2] - Following this announcement, Super Micro's stock price fell by more than 33% [2] Legal Context - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. securities law involving Super Micro [1] - The law firm is seeking information from investors who may have suffered losses related to Super Micro [1]
Securities Fraud Investigation Into Super Micro Computer, Inc. (SMCI) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Businesswire· 2026-03-20 21:06
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating Super Micro Computer, Inc. for potential violations of federal securities laws on behalf of investors who may have incurred losses [1] Group 1 - The investigation is focused on Super Micro Computer, Inc. (NASDAQ: SMCI) and its compliance with federal securities regulations [1] - The announcement indicates that investors who lost money on Super Micro Computer, Inc. are encouraged to inquire about pursuing claims to recover their losses [1]
Securities Fraud Investigation Into Alibaba Group Holding Ltd. (BABA) Continues – Investors Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, A Leading Securities Fraud Law Firm
Businesswire· 2026-03-20 21:00
Core Viewpoint - Alibaba Group Holding Ltd. is under investigation by Glancy Prongay Wolke & Rotter LLP for potential violations of federal securities laws, which may impact investors who have incurred losses [1] Group 1 - The law firm is representing investors of Alibaba who may have lost money and is encouraging them to inquire about pursuing claims to recover their losses [1] - The investigation was announced on November 14, indicating a recent development in the legal scrutiny surrounding the company [1]
RR Deadline: RR Investors Have Opportunity to Lead Richtech Robotics Inc. Securities Fraud Lawsuit First Filed by the Rosen Law Firm
Prnewswire· 2026-03-20 20:56
Core Viewpoint - Rosen Law Firm is reminding investors of Richtech Robotics Inc. about the opportunity to lead a securities fraud lawsuit, with a deadline for lead plaintiff applications set for April 3, 2026 [1]. Group 1: Lawsuit Details - The class action lawsuit pertains to securities purchased between January 27, 2026, and January 29, 2026, during which Richtech allegedly made false statements regarding its relationship with Microsoft [1][5]. - Investors who purchased Richtech securities during the specified period may be eligible for compensation without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting Phillip Kim, Esq. for more information [3][6]. - To serve as lead plaintiff, investors must file a motion with the court by April 3, 2026, as the lead plaintiff represents the interests of other class members [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].
Law Offices of Howard G. Smith Encourages ODDITY Tech Ltd.
Businesswire· 2026-03-20 19:00
Core Viewpoint - A class action lawsuit has been filed against ODDITY Tech Ltd. for securities fraud, affecting investors who purchased shares between February 26, 2025, and February 24, 2026, with a deadline for lead plaintiff motions set for May 11, 2026 [1][2]. Financial Performance - On February 25, 2026, ODDITY reported its fourth quarter and full year 2025 financial results, revealing a significant issue with its largest advertising partner due to algorithm changes that led to higher customer acquisition costs and a projected revenue decline of approximately 30% year-over-year for Q1 2026 [2][3]. Stock Price Impact - Following the announcement of the financial results, ODDITY's stock price plummeted by $14.28, or 49.2%, closing at $14.74 per share on February 25, 2026, resulting in substantial losses for investors [3]. Allegations in the Lawsuit - The lawsuit alleges that ODDITY's management made materially false and misleading statements regarding the company's business operations and prospects, failing to disclose the adverse effects of the algorithm change on advertising costs and overall business performance [3].
Driven Brands Holdings Inc. (DRVN) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2026-03-20 18:49
Core Viewpoint - Driven Brands Holdings Inc. is facing a securities fraud class action lawsuit due to alleged financial misreporting and misleading statements made to investors between May 9, 2023, and February 24, 2026 [3]. Group 1: Allegations of Misreporting - The lawsuit claims that Driven Brands failed to disclose errors related to lease recordings, impacting right of use assets and liabilities on the balance sheet as of December 28, 2024, and September 27, 2025 [3]. - There were reported errors in cash balances and operating cash flows, leading to overstatements of cash and revenue, and an understatement of selling, general, and administrative expenses for fiscal years 2023 and 2024 [3]. - Supply and other expenses were improperly classified as company-operated store expenses during fiscal years 2023 and 2024 [3]. - Additional errors were identified concerning income tax provisions, supply and other revenue, fixed assets, cloud computing, lease cash applications, and misclassifications on the balance sheet and income statement [3]. - The company allegedly recognized revenue improperly in its ATI business, which contributed to misleading positive statements about its business and operations [3]. Group 2: Legal Participation - Investors who suffered losses related to Driven Brands have the opportunity to lead the securities fraud class action lawsuit, with a deadline for participation set for May 8, 2026 [2]. - Interested parties can contact the Law Offices of Frank R. Cruz for more information regarding their rights and interests in this matter [4].
MREO Deadline: MREO Investors Have Opportunity to Lead Mereo BioPharma Group plc Securities Fraud Lawsuit
Prnewswire· 2026-03-20 18:24
Core Viewpoint - Mereo BioPharma Group plc is facing a securities fraud lawsuit, with a lead plaintiff deadline set for April 6, 2026, for investors who purchased American Depositary Shares (ADS) between June 5, 2023, and December 26, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that Mereo provided misleading information regarding the expected results of its Phase 3 Orbit and COSMIC studies for setrusumab in Osteogenesis Imperfecta (OI), claiming confidence in the drug's ability to reduce annualized fracture rates [5][6]. - Defendants are accused of making positive statements while concealing adverse facts about the Phase 3 programs, which did not meet their primary endpoints, leading to artificially inflated prices for Mereo's ADSs [6]. Group 2: Class Action Participation - Investors who purchased Mereo ADSs during the specified class period may be entitled to compensation without upfront costs through a contingency fee arrangement [2]. - To join the class action, investors can submit a form online or contact the Rosen Law Firm for more information [3][7].
NASDAQ: MNDY: Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against monday.com Ltd.
Globenewswire· 2026-03-20 18:09
Core Viewpoint - A securities fraud class action lawsuit has been filed against monday.com Ltd (NASDAQ: MNDY) for allegedly making materially false and misleading statements regarding its business operations and growth prospects during the class period from September 17, 2025, to February 6, 2026 [2][4]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York, captioned Potter v. monday.com Ltd., Case No. 26-cv-01956 (S.D.N.Y.) [2]. - Investors have until May 11, 2026, to file for lead plaintiff status [2][6]. - The complaint alleges that the company misrepresented new customer growth and the effectiveness of its AI investments, leading to materially false statements about its business prospects [4]. Group 2: Financial Impact - On February 9, 2026, monday.com announced it was rescinding its $1.8 billion revenue target for 2027 and projected a significant deceleration in top-line growth for 2026, resulting in a stock price drop of $20.37, or 20.8%, closing at $77.63 per share [5]. Group 3: Investor Actions - Investors who purchased monday.com common stock and lost money are encouraged to contact Kessler Topaz Meltzer & Check, LLP for recovery options [3][6]. - The lead plaintiff process allows investors to seek representation in the lawsuit, with the deadline set for May 11, 2026 [6][7].
SMCI Investors Have Opportunity to Join Super Micro Computer, Inc. Fraud Investigation with the Schall Law Firm
Businesswire· 2026-03-20 17:40
Core Viewpoint - The Schall Law Firm is investigating claims against Super Micro Computer, Inc. for potential violations of securities laws related to allegations of smuggling AI technology to China [1][2]. Group 1: Investigation Details - The investigation focuses on whether Super Micro issued false or misleading statements and failed to disclose important information to investors [2]. - The U.S. Justice Department has charged three individuals associated with Super Micro for allegedly helping to smuggle at least $2.5 billion worth of AI technology to China, violating export laws [2]. Group 2: Market Reaction - Following the news of the charges, shares of Super Micro fell by nearly 28.5% during afternoon trading on the same day [2].