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Law Offices of Frank R. Cruz Encourages agilon health, inc.
Businesswire· 2026-01-13 17:04
Core Viewpoint - A class action lawsuit has been filed against agilon health, inc. for securities fraud, following a significant drop in stock price after the announcement of leadership changes and missed financial estimates [1][3]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of shareholders who purchased agilon securities between February 26, 2025, and August 4, 2025, with a deadline of March 2, 2026, for filing a lead plaintiff motion [1]. - The lawsuit alleges that agilon's management made materially false and misleading statements regarding the company's business and financial outlook during the class period [4]. Group 2: Financial Impact - On August 4, 2025, agilon announced the departure of its President, CEO, and Director, which was classified as a termination without cause, leading to a suspension of its 2025 guidance [3]. - Following this announcement, agilon's stock price plummeted by $0.93, or 51.5%, closing at $0.88 per share on August 5, 2025, resulting in significant losses for investors [3]. Group 3: Allegations Against Management - The complaint claims that management recklessly issued guidance for 2025, despite being aware of material industry challenges that would prevent achieving those targets [4]. - It is alleged that management overstated the financial benefits from strategic actions taken to mitigate risks, rendering their positive statements about the company's prospects misleading [4].
Asia Broadband Inc. Pursues $250 Million Dollars In Total Damages From Market Makers In Federal Lawsuit Filed For Coordinated Market Manipulation and Securities Fraud
Globenewswire· 2026-01-13 13:00
Core Viewpoint - Asia Broadband Inc. has filed a federal civil lawsuit against Virtu Financial Inc., GTS Securities LLC, and G1 Execution Services LLC for securities fraud and market manipulation, seeking $250 million in damages [1][2]. Legal Action - The lawsuit, titled "Asia Broadband, Inc. v. Virtu Financial Inc. et al.," was filed on January 7, 2026, and includes 168 pages of supporting exhibits detailing systematic and unlawful trading practices aimed at suppressing AABB's share price and impairing its access to equity financing [2][4]. - The complaint cites evidence from Level II order-book video recordings, trade-tape analysis, and market data that demonstrate patterns of intentional market manipulation [3][4]. Impact on Shareholders - The actions of the defendants are claimed to have undermined market integrity, investor confidence, and materially harmed AABB and its shareholders by preventing the stock price from reflecting the company's fundamental performance and asset value [4]. Company Response - The President and CEO of Asia Broadband Inc. stated that the lawsuit represents a serious abuse of the trading system and emphasized the need for judicial review and regulatory scrutiny [5]. - The company is seeking injunctive relief, compensatory and punitive damages, and plans to refer its findings to the Securities and Exchange Commission and other regulatory authorities for further investigation [5]. Operational Continuity - Despite the ongoing litigation, Asia Broadband Inc. continues to execute its long-term growth strategy, which includes the expansion of its gold and silver ore processing facility and the advancement of mining concessions [6][7]. - The company is focused on strategic accumulation of physical gold and silver holdings, aiming for operational performance and long-term shareholder value [8]. Company Overview - Asia Broadband Inc. is a resource company focused on precious metals production and the accumulation of physical gold and silver holdings, leveraging its geographic expertise and industry contacts in Mexico [9]. - The company also has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [9].
CLASS ACTION NOTICE: Berger Montague Advises Klarna Group PLC (KLAR) Investors to Inquire About a Securities Fraud Class Action
TMX Newsfile· 2026-01-12 17:21
Core Viewpoint - A class action lawsuit has been filed against Klarna Group plc on behalf of investors who acquired Klarna securities during the specified class period, alleging omissions in the IPO Registration Statement regarding potential increases in loss reserves [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Klarna's IPO Registration Statement failed to disclose critical information about the potential increase in loss reserves following the IPO, which the defendants should have been aware of due to the risk profiles of their customers [3]. - The class period for the lawsuit is defined as September 7, 2025, through December 22, 2025, including shares issued during Klarna's September 2025 IPO [1][2]. - As of the lawsuit filing, Klarna shares were trading at $31.31, significantly lower than the IPO price of $40 [4]. Group 2: Investor Information - Investors who purchased Klarna securities during the class period have until February 20, 2026, to seek appointment as lead plaintiff representatives [2]. - The lawsuit is being handled by Berger Montague, a law firm specializing in complex civil litigation and class actions [5].
CORT Investor ALERT: Corcept Therapeutics Inc. Investigated for Securities Fraud; Investors Should Contact Block & Leviton To Potentially Recover Losses
Globenewswire· 2026-01-12 16:54
Group 1 - Block & Leviton is investigating Corcept Therapeutics Inc. for potential securities law violations following a significant drop in share price [1][2] - Corcept Therapeutics' shares fell over 50% on December 31, 2025, after the company received a Complete Response Letter from the FDA regarding relacorilant, indicating the need for additional evidence of effectiveness [2] - Investors who purchased Corcept Therapeutics common stock and experienced a loss may be eligible to participate in the investigation [3] Group 2 - Block & Leviton is assessing whether Corcept Therapeutics committed securities law violations and may file an action to recover losses for affected investors [4] - The firm encourages investors who have lost money to contact them for further information and assistance [5] - Whistleblowers with non-public information about Corcept Therapeutics are invited to assist in the investigation, with potential rewards for information leading to successful recovery [6] Group 3 - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7]
Johnson Fistel Investigates Starbucks Corporation (SBUX) Directors for Potential Breaches of Fiduciary Duty Related to Business Outlook and Growth Disclosures
TMX Newsfile· 2026-01-12 13:58
Core Viewpoint - Johnson Fistel, PLLP is investigating potential shareholder derivative claims against Starbucks Corporation regarding alleged breaches of fiduciary duties by certain officers and directors, following a securities class action related to the company's stock performance during a specified period [1][4]. Group 1: Investigation Details - The investigation is prompted by a securities class action concerning purchases of Starbucks securities between November 2, 2023, and April 30, 2024 [1]. - Allegations include that Starbucks and certain senior executives made materially false and misleading statements and failed to disclose adverse facts, particularly regarding disappointing second-quarter fiscal 2024 results and lowered full-year guidance [4][5]. - Following the announcement of these results on April 30, 2024, Starbucks' stock price dropped from $88.49 to $74.44, a decline of over 15% in one trading day, which allegedly harmed investors [4]. Group 2: Shareholder Actions - Current Starbucks shareholders who held shares continuously before November 2, 2023, may have the standing to pursue derivative claims on behalf of the company [2]. - The investigation focuses on whether the board of directors and senior management allowed misconduct, failed to implement adequate disclosure and risk-management controls, and exposed the company to significant financial and reputational harm [5].
INTEGER CLASS ACTION: Integer Holdings Corporation Sued for Securities Fraud after Lowered Sales Outlook leads to a 32% Stock Drop – Contact BFA Law by February 9
Globenewswire· 2026-01-12 13:23
Core Viewpoint - A class action lawsuit has been filed against Integer Holdings Corporation 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 - Integer Holdings Corporation specializes in designing and manufacturing cardiac rhythm management and cardiovascular products, including electrophysiology devices that diagnose and treat arrhythmias [4]. Allegations of Securities Fraud - The lawsuit claims that Integer misrepresented the demand and revenue for its electrophysiology products, which had reportedly fallen sharply, contradicting the company's public statements about sales growth and market position [4][5]. Stock Price Decline - On October 23, 2025, Integer revised its 2025 sales guidance down to between $1.840 billion and $1.854 billion, significantly below analysts' expectations, leading to a stock price drop of $35.22 per share, or over 32%, from $109.11 to $73.89 [6]. - The company also projected poor net sales growth of -2% to 2% and organic sales growth of 0% to 4% for 2026, citing slower adoption of two of its EP devices [6].
FERMI CLASS ACTION: Fermi Inc. Sued for Securities Fraud after Cancellation of Customer Agreement leads to a 33% Stock Drop – Contact BFA Law by March 6
Globenewswire· 2026-01-12 13:21
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drop attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Sections 11 and 15 of the Securities Act of 1933 [3]. - Investors have until March 6, 2026, to request to lead the case in the U.S. District Court for the Southern District of New York [3]. Group 2: Company Background - 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 3: 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 4: Stock Price Impact - Following the announcement of the First Tenant's termination of the Advance in Aid of Construction Agreement, Fermi's stock dropped by $5.16, or over 33%, from $15.25 to $10.09 per share [7].
BELLRING BRANDS INVESTIGATION: BellRing Brands Investigated for Securities Fraud after Inventory Levels lead to a 19% Stock Drop – Contact BFA Law
Globenewswire· 2026-01-12 13:19
Core Viewpoint - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, primarily related to misleading statements about its sales growth and consumer demand [1][2]. Group 1: Company Overview - BellRing Brands operates in the convenient nutrition category, with primary brands including Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders [2]. - The company reported that Premier Protein achieved an all-time high in household penetration and claimed strong demand across all channels, driven by distribution expansion and promotional activities [2]. Group 2: Sales Growth Concerns - There are concerns that the sales growth reported by BellRing may have been artificially inflated due to temporary trade inventory loading at key retailers, rather than sustainable consumer demand [2]. - On May 5, 2025, BellRing disclosed that several key retailers had reduced their weeks of supply, which would negatively impact growth in Q3 2025 [3]. - Following this announcement, BellRing's stock price fell by $14.88 per share, or 19%, from $78.43 to $63.55 on May 6, 2025, amid heavy trading volume [3]. Group 3: Stock Performance - On August 4, 2025, BellRing announced disappointing quarterly consumption figures for Premier Protein RTD Shakes, which were expected to exceed shipments but instead aligned closely with them [4]. - This news led to a significant drop in stock price, falling $17.46 per share, or nearly 33%, from $53.64 to $36.18 on August 5, 2025 [4].
ALEXANDRIA REAL ESTATE CLASS ACTION: Alexandria Real Estate Equities, Inc. Sued for Securities Fraud after Impairment Charge leads to a 19% Stock Drop – Contact BFA Law
Globenewswire· 2026-01-12 13:17
Core Viewpoint - A class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1]. Company Overview - Alexandria Real Estate is a real estate investment trust (REIT) focused on tenants in life science industries, including pharmaceutical and biotechnology companies [4]. Financial Performance - Alexandria Real Estate reported disappointing results for Q3 2025, leading to a stock price drop of $14.93 per share, or over 19%, from $77.87 to $62.94 on consecutive days [6]. - The company announced a real estate impairment charge of $323.9 million, with $206 million attributed to its Long Island City property, which was deemed not suitable for life science scaling [5][6]. Legal Proceedings - Investors have until January 26, 2026, to request to lead the case in the U.S. District Court for the Central District of California, under the caption Hern v. Alexandria Real Estate Equities, Inc., et al. [3]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Alexandria Real Estate securities [3].
ARE COURT DEADLINE: Alexandria Real Estate Equities, Inc. Investors Are Reminded to Contact BFA Law About the Securities Fraud Class Action by January 26 After Stock Drops 19%
TMX Newsfile· 2026-01-11 12:08
Core Viewpoint - A class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. 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 Central District of California, captioned Hern v. Alexandria Real Estate Equities, Inc., et al., No. 2:25-cv-11319 [3]. - Investors have until January 26, 2026, to request to be appointed to lead the case [3]. Group 2: Company Background - Alexandria Real Estate is a real estate investment trust (REIT) focused on tenants in life science industries, including pharmaceutical and biotechnology companies [4]. Group 3: Financial Performance and Stock Impact - Alexandria Real Estate reported lower-than-expected results for Q3 2025, leading to a stock price drop of $14.93 per share, or over 19%, from $77.87 to $62.94 on October 28, 2025 [6]. - The company announced a real estate impairment charge of $323.9 million, with $206 million attributed to its Long Island City property, which was deemed not suitable for life science scaling [5][6].