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Class Action Announcement for James Hardie Industries plc Investors: A Securities Fraud Class Action Lawsuit Was Filed Against James Hardie Industries plc
Globenewswire· 2025-11-06 18:24
Core Viewpoint - A securities class action lawsuit has been filed against James Hardie Industries plc for allegedly making false statements regarding its business performance during the Class Period from May 20, 2025, to August 18, 2025 [1][2] Allegations of Misconduct - The complaint claims that James Hardie misled investors by stating that demand remained strong and inventory levels were normal, despite knowing that its North America Fiber Cement distributors were destocking inventory as early as April and May 2025 [2] - The positive statements made by the defendants about the company's business and prospects were materially misleading and lacked a reasonable basis [2] Lead Plaintiff Process - Investors in James Hardie have until December 23, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3] - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3] Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm Encourages Avantor, Inc. (AVTR) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2025-11-06 17:51
Core Viewpoint - A securities fraud class action lawsuit has been filed against Avantor, Inc. for allegedly misleading investors regarding the company's competitive position and financial performance during the specified class period from March 5, 2024, to October 28, 2025 [1][7]. Financial Performance - On April 25, 2025, Avantor reported first quarter results that missed consensus estimates and reduced guidance for the remainder of 2025, citing increased competitive intensity [2]. - Following this announcement, Avantor's stock price dropped by $2.57, or 16.6%, closing at $12.93 per share [3]. - On August 1, 2025, the company again missed estimates in its second quarter results, revealing a year-over-year decrease in net sales and further reducing its 2025 guidance [3]. - This led to a further decline in stock price by $2.08, or 15.5%, closing at $11.36 per share [4]. - On October 29, 2025, Avantor disclosed disappointing third quarter results, including a -5% organic revenue growth and a net loss of $712 million, primarily due to a non-cash goodwill impairment charge of $785 million [5]. - The stock price fell by $3.50, or 23.2%, closing at $11.58 per share following this announcement [6]. Allegations in the Lawsuit - The lawsuit alleges that throughout the class period, Avantor's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and competitive position [7][8]. - Specifically, it is claimed that the company did not adequately represent its competitive positioning and the negative impacts of increased competition on its operations [7].
Johnson Fistel Investigates Claims on Behalf of DICK'S Sporting Goods Shareholders as Securities Fraud Class Action Partially Survives Motion to Dismiss
Newsfile· 2025-11-06 17:36
Core Viewpoint - Johnson Fistel is investigating potential claims on behalf of DICK'S Sporting Goods shareholders regarding alleged breaches of fiduciary duties by certain officers and directors, as a securities fraud class action partially survives a motion to dismiss [2][3] Summary by Relevant Sections Legal Proceedings - On August 12, 2025, a court partially denied DICK'S motion to dismiss a securities fraud lawsuit, allowing claims that executives misled investors about inventory levels to proceed [3] - The lawsuit alleges that during the class period, executives issued materially false and misleading statements and failed to disclose critical information regarding inventory and demand [3] Allegations Against Executives - The complaint claims that demand for products in DICK'S outdoor segment was slowing faster than represented, leading to excess inventory [3] - It is alleged that the "structural changes" touted by executives, such as differentiated products and improved pricing technology, did not effectively manage excess inventory without negatively impacting profitability [3] - The need to liquidate excess inventory, particularly in the outdoor segment, is said to have a materially negative effect on the company's profitability [3] - As a result of these issues, executives' statements about the company's business condition and prospects were materially false and misleading [3]
Deadline Approaching: Synopsys, Inc. (SNPS) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire· 2025-11-06 17:00
Core Viewpoint - Synopsys, Inc. is facing a class action lawsuit due to significant financial underperformance and misleading statements made during the class period from December 4, 2024, to September 9, 2025, which has led to substantial losses for investors [1][5]. Financial Performance - On September 9, 2025, Synopsys reported third quarter 2025 revenue of $1.740 billion, which was below the guidance range of $1.755 billion to $1.785 billion [3]. - The net income for the quarter was $242.5 million, representing a 43% decline from $425.9 million in the same quarter of 2024 [3]. - The Design IP segment contributed approximately 25% of total revenue, amounting to $426.6 million, which is a 7.7% year-over-year decline [3]. - Management's guidance indicated a full-year decline of at least 5% in Design IP revenues for fiscal 2025 [3]. Stock Market Reaction - Following the financial results announcement, Synopsys's stock price dropped by $216.59, or 35.8%, closing at $387.78 per share on September 10, 2025, with unusually high trading volume [4]. Lawsuit Details - The class action lawsuit alleges that Synopsys made materially false and misleading statements regarding its business and financial prospects, particularly concerning its focus on artificial intelligence customers and the negative impact on its Design IP business [5]. - The lawsuit claims that the company failed to disclose critical information that would have affected investor decisions, including the adverse effects of its strategic focus on AI [5]. - Investors who purchased Synopsys securities during the class period have until December 30, 2025, to file a lead plaintiff motion [6].
SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Synopsys, Inc. (NASDAQ: SNPS)
Globenewswire· 2025-11-06 14:01
Core Viewpoint - A shareholder has filed a securities class action lawsuit against Synopsys, Inc. for alleged misrepresentations regarding the company's Design IP business performance due to a shift in focus towards artificial intelligence customers [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to investors who purchased or acquired Synopsys securities between December 4, 2024, and September 9, 2025 [1]. - Defendants are accused of making false statements about the deteriorating economics of the Design IP business [2]. Group 2: Legal Process - Investors wishing to serve as lead plaintiff must file necessary documents by December 30, 2025 [3]. - Participation as a lead plaintiff is not required to share in any potential recovery from the lawsuit [3]. Group 3: Law Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [4]. - The firm has been recognized multiple times for its success in litigating class actions [4].
SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against James Hardie Industries plc (NYSE: JHX)
Globenewswire· 2025-11-06 13:50
Core Viewpoint - A shareholder has filed a securities class action lawsuit against James Hardie Industries plc, alleging misrepresentation regarding the strength of the Company's North America Fiber Cement segment during a challenging market period [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased or acquired James Hardie common stock between May 20, 2025, and August 18, 2025 [1]. - Defendants are accused of misrepresenting the performance of the North America Fiber Cement segment, claiming it remained strong despite market challenges [2]. Group 2: Legal Process - Interested parties wishing to serve as lead plaintiff must file necessary documents by December 23, 2025 [3]. - Participation as a lead plaintiff is not required to share in any potential recovery from the lawsuit [3]. Group 3: Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [4]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" and listed in The Legal 500 for sixteen consecutive years [4].
SNPS Investors Have Opportunity to Lead Synopsys, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-11-06 00:55
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Synopsys, Inc. securities, alleging that the company made materially false and misleading statements during the class period from December 4, 2024, to September 9, 2025 [1]. Group 1: Lawsuit Details - The lawsuit claims that Synopsys' management failed to disclose significant adverse facts regarding the company's business and operations, particularly related to its focus on artificial intelligence customers, which negatively impacted its Design IP business [5]. - Specific allegations include that the company's decisions were unlikely to yield intended results, which materially affected financial outcomes, and that positive statements made by the defendants were misleading [5]. Group 2: Participation Information - Investors who purchased Synopsys securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field, including being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, with over $438 million secured in 2019 alone [4].
Law Offices of Frank R. Cruz Encourages CarMax, Inc. (KMX) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2025-11-05 18:15
Core Viewpoint - The Law Offices of Frank R. Cruz is encouraging shareholders of CarMax, Inc. (KMX) to inquire about a potential securities fraud class action lawsuit [1] Group 1 - The law firm is actively seeking shareholders who may have been affected by the alleged securities fraud [1] - The announcement indicates a growing concern regarding the company's financial practices and transparency [1] - Shareholders are urged to gather information and consider their legal options in light of the potential class action [1]
BEYOND MEAT INVESTIGATION: Beyond Meat, Inc. (NASDAQ:BYND) Investors with Losses are Notified of the Pending Securities Fraud Investigation – Contact BFA Law
Globenewswire· 2025-11-05 13:07
Core Viewpoint - Beyond Meat, Inc. is under investigation for potential violations of federal securities laws, particularly concerning the inflation of the value of certain long-lived assets [1][3]. Financial Performance and Stock Movement - On October 24, 2025, Beyond Meat announced an expected non-cash impairment charge for the three months ended September 27, 2025, related to certain long-lived assets, which was anticipated to be material. This announcement led to a significant stock price drop of approximately 23%, from $2.84 per share on October 23, 2025, to $2.185 per share on October 24, 2025 [4]. - Following this, on November 3, 2025, the company delayed its earnings announcement for Q3 2025 due to the need for additional time to complete the impairment review, resulting in further substantial declines in stock price during trading on that day [5]. Company Operations and Asset Management - In late 2023, Beyond Meat conducted a global operations review and depreciated certain long-lived assets, stating that these assets were recorded at the lower of their carrying value or fair value less costs to sell, with no impairments reported [2].
JEFFERIES INVESTIGATION: Jefferies Financial Group Inc. (NYSE:JEF) Investors with Losses are Notified of the Pending Securities Fraud Investigation – Contact BFA Law
Globenewswire· 2025-11-05 13:07
Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm, Point Bonita Capital, are under investigation for potential violations of federal securities laws related to their significant exposure to First Brands Group, which recently filed for bankruptcy [1][2][4]. Group 1: Company Overview - Jefferies is an investment banking and capital markets firm, while Point Bonita Capital serves as its trade finance division [2]. - Both firms were closely associated with First Brands Group, an auto parts supplier that declared bankruptcy in September 2025 [2]. Group 2: Financial Exposure - On October 8, 2025, Jefferies disclosed that it and Point Bonita had approximately $715 million in exposure to First Brands' receivables, accounting for about 25% of Point Bonita's trade finance portfolio [3]. - Following this announcement, Jefferies' stock price dropped by $4.66 per share, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [3]. Group 3: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors regarding their exposure to First Brands [4].