Securities Fraud
Search documents
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Trade Desk, Inc. - TTD
Prnewswire· 2025-08-22 14:00
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices by The Trade Desk, Inc. and its officers or directors following disappointing financial results and subsequent stock price decline [1][2]. Financial Performance - The Trade Desk reported disappointing second quarter 2025 financial results after the market closed on August 7, 2025, leading to multiple downgrades from analysts, including a double downgrade by Bank of America [2]. - The company missed guidance for the first time as a public entity, raising concerns about competitive pressures and its ability to sustain over 20% long-term growth [2]. Stock Market Reaction - Following the negative news, The Trade Desk's stock price fell by $34.10 per share, or 38.6%, closing at $54.23 per share on August 8, 2025 [3]. Management Changes - The Trade Desk announced the departure of its longtime Chief Financial Officer, which may further impact investor confidence and company performance [2].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bumble Inc. - BMBL
Prnewswire· 2025-08-22 14:00
Core Viewpoint - Bumble Inc. is under investigation for potential securities fraud and unlawful business practices following a significant drop in paying users and a subsequent decline in stock price [1][2][3] Group 1: Financial Performance - Bumble reported a total of 3.8 million paying users in Q2 2025, an 8.7% decrease from 4 million in Q1 2025 and 4.2 million in Q4 2024 [2] - The company has introduced new AI-powered features aimed at enhancing trust and safety, but analysts suggest these measures may negatively impact user and payer growth in the short term due to stricter verification processes [2] Group 2: Market Reaction - Following the release of its Q2 results, Bumble's stock price fell by $1.22, or 15.94%, closing at $6.43 per share on August 7, 2025 [3]
Centene Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before September 8, 2025 to Discuss Your Rights – CNC
GlobeNewswire News Room· 2025-08-21 19:45
CLASS PERIOD: December 12, 2024 to June 30, 2025 ALLEGATIONS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Centene's enrollment and morbidity rates. Investors began to question the veracity of defendants' public statements on July 1, 2025, when Centene issued a press release withdrawing 2025 guidance. Partic ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Barnes & Noble Education, Inc. – BNED
GlobeNewswire News Room· 2025-08-21 18:40
Core Viewpoint - Barnes & Noble Education, Inc. is under investigation for potential securities fraud and unlawful business practices, particularly related to the recording of digital sales costs and accounts receivable [1][3]. Group 1: Investigation Details - Pomerantz LLP is investigating claims on behalf of investors of Barnes & Noble, focusing on whether the company and its officers/directors engaged in unlawful practices [1]. - The investigation was prompted by a delay in the annual report for the fiscal year ended May 3, 2025, due to concerns over the recording of digital sales costs [3]. - Initial findings suggest that Barnes & Noble may have overstated accounts receivable by up to $23 million and expects to report at least one material weakness related to manual journal entries [3]. Group 2: Market Reaction - Following the announcement of the investigation, Barnes & Noble's stock price dropped by $2.36 per share, representing a decline of 21.02%, closing at $8.87 per share on July 21, 2025 [4].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of The J.M. Smucker Company – SJM
GlobeNewswire News Room· 2025-08-21 18:40
Core Insights - Pomerantz LLP is investigating claims on behalf of investors of The J.M. Smucker Company regarding potential securities fraud or unlawful business practices [1] - Smucker's acquisition of Hostess Brands for approximately $5.5 billion has led to significant financial challenges, including substantial impairment charges and declining sales in the Sweet Baked Snacks segment [3] Financial Performance - On November 7, 2023, Smucker completed the acquisition of Hostess Brands, recording $2.4 billion as goodwill in the Sweet Baked Snacks segment [3] - Q3 2025 results showed an 8% decrease in comparable net sales in Sweet Baked Snacks, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [3] - Q4 2025 results revealed a further 14% decrease in comparable net sales in Sweet Baked Snacks, with an additional $867 million impairment charge for goodwill and a $113 million impairment charge for the Hostess Brand trademark [3] - Following the disappointing results, Smucker's stock price fell by $17.44 per share, or 15.59%, closing at $94.41 per share on June 10, 2025 [3] Strategic Outlook - The company has updated its 2026 financial plan to reflect decreased net sales in the Sweet Baked Snacks segment, indicating sustained underperformance since the acquisition [3]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Dow Inc. – DOW
GlobeNewswire News Room· 2025-08-21 18:38
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by Dow Inc. and its officers or directors, following a significant decline in the company's stock price after disappointing financial results were reported [1][3]. Financial Performance - Dow reported net sales of $10.1 billion for Q2 2025, which represents a 7% decrease year-over-year and a 3% decline sequentially [3]. - The decline in net sales was attributed to decreases across all operating segments, despite seasonally higher demand in Performance Materials & Coatings [3]. - Following the financial results announcement, Dow's stock price fell by $5.30 per share, or 17.45%, closing at $25.07 per share on July 24, 2025 [3]. Corporate Actions - Dow's CEO indicated that the company is adjusting its dividend to maintain a balanced capital allocation framework [3].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MarineMax, Inc. – HZO
GlobeNewswire News Room· 2025-08-21 18:38
Core Viewpoint - MarineMax, Inc. is under investigation for potential securities fraud and unlawful business practices following a significant reduction in profit guidance and a sharp decline in stock price [1][3][4]. Financial Performance - On July 24, 2025, MarineMax reported its financial results for Q3 2025, cutting its profit guidance by half to a range of $0.45 to $0.95 per share, down from a previous range of $1.40 to $2.40 per share [3]. - The CEO attributed the weak retail demand in the recreational marine industry to ongoing economic uncertainty, evolving trade policies, and geopolitical tensions, leading consumers to delay purchases [3]. Stock Market Reaction - Following the announcement of the reduced profit guidance, MarineMax's stock price fell by $4.61, or 16.87%, closing at $22.71 per share on July 24, 2025 [4]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of MarineMax investors regarding potential securities fraud or other unlawful business practices by the company and its officers or directors [1].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Anika Therapeutics, Inc. - ANIK
GlobeNewswire News Room· 2025-08-21 18:17
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Anika Therapeutics and its officers or directors [1] Group 1: Company Performance - On July 30, 2025, Anika announced topline results from its pivotal clinical trial of Hyalofast, which showed improvements in treated patients but did not meet pre-specified co-primary endpoints due to higher dropout rates and missed visits during COVID [3] - Following the announcement, Anika's stock price dropped by $3.06, or 27.42%, closing at $8.10 per share [3] Group 2: Legal Investigation - Pomerantz LLP is reaching out to investors of Anika Therapeutics to discuss claims related to potential securities fraud [1] - The firm has a long history in corporate, securities, and antitrust class litigation, having recovered significant damages for victims of securities fraud and corporate misconduct [4]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Marex Group PLC - MRX
GlobeNewswire News Room· 2025-08-21 17:56
Core Viewpoint - Marex Group PLC is under investigation for potential securities fraud and unlawful business practices following a critical report by NINGI Research, which claims the company has engaged in deceptive accounting practices [1][3]. Group 1: Investigation and Legal Actions - Pomerantz LLP is investigating claims on behalf of investors of Marex Group PLC regarding possible securities fraud or other unlawful business practices [1]. - Investors are encouraged to contact Pomerantz LLP for more information about the class action [2]. Group 2: Financial Allegations - NINGI Research published a report stating that Marex has been involved in a multi-year accounting scheme, utilizing opaque off-balance-sheet entities and fictitious intercompany transactions to conceal losses and inflate profits [3]. - The report describes Marex as a "financial house of cards," indicating significant issues with its balance sheet and financial reliability [3]. - Following the release of this report, Marex's stock price dropped by $2.33, or 6.19%, closing at $35.31 per share on August 5, 2025 [3].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Redwire Corporation - RDW
GlobeNewswire News Room· 2025-08-21 17:55
Core Insights - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by Redwire Corporation and its officers/directors [1] Financial Performance - Redwire reported Q1 2025 revenue of $61.4 million, missing consensus estimates by $13.14 million, marking a 30.1% year-over-year decline [3] - The company attributed delays in U.S. government contract awards to leadership transitions and shifting budget priorities [3] - Following the Q1 results, Redwire's stock price fell by $0.75, or 6.63%, closing at $10.56 per share [4] - For Q2 2025, Redwire revised its revenue outlook to $470 million to $530 million, indicating a 43.2% compound annual growth rate from 2023 to 2025 at midpoint, but reduced from previous guidance [5] - The company also withdrew its adjusted EBITDA forecast for 2025 due to volatility in government contracting and project cost challenges [5] - After the Q2 announcement, Redwire's stock price dropped by $4.23, or 30.87%, closing at $9.47 per share [6]