By Jasper Ward WASHINGTON (Reuters) -Bradley Heppner, the former chair of bankrupt financial services company GWG Holdings and founder of alternative asset firm Beneficent, was indicted on five charges including securities fraud and wire fraud, the U.S. Department of Justice said on Tuesday. The charges stem from allegations that Heppner engaged in a scheme to steal more than $150 million from the then publicly traded GWG while serving as its chairman, according to an indictment unsealed in the Southern ...

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for securities fraud, affecting investors who purchased shares between June 20, 2025, and September 24, 2025, with a deadline for filing a lead plaintiff motion set for January 2, 2026 [1][2]. Financial Performance - On September 25, 2025, CarMax reported its second quarter 2026 financial results, revealing a revenue decline of 6.0% year-over-year, a 7.2% drop in total retail used vehicle revenues, and a 5.6% decrease in total gross profit. The company attributed these declines to inventory adjustments and a $71.3 million increase in loan loss provisions [3]. Stock Market Reaction - Following the financial results announcement, CarMax's share price fell by $11.45, or 20.1%, closing at $45.60 per share on September 25, 2025, resulting in significant losses for investors [4]. Allegations in the Lawsuit - The lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, claiming that earlier growth was due to temporary factors related to tariff speculation. The defendants are accused of failing to disclose adverse facts about the company's business and operations, leading to misleading positive statements [5].

Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging that the company misled investors regarding the performance of its North America Fiber Cement segment during the specified class period from May 20, 2025, to August 18, 2025 [3]. Group 1: Lawsuit Details - The lawsuit claims that James Hardie falsely asserted that demand for its products remained strong, despite knowledge of inventory destocking among distributors [3]. - Investors who suffered losses on their James Hardie investments have until December 23, 2025, to request lead plaintiff appointment [2]. Group 2: Financial Impact - On August 19, 2025, James Hardie reported a 12% decline in North American net sales for fiscal Q1 2026, attributing this to lower volumes as customers adjusted inventory levels [4]. - Following the earnings report, James Hardie's share price dropped by $9.79, or approximately 34.4%, from $28.43 to $18.64 per share [4].

Core Viewpoint - Investors in Baxter International, Inc. have the opportunity to lead a securities fraud class action lawsuit due to undisclosed systemic defects in the Novum LVP device that resulted in serious patient risks [2]. Summary by Sections Lawsuit Details - The lawsuit alleges that from February 23, 2022, to July 30, 2025, Baxter failed to disclose significant issues with the Novum LVP, including systemic defects leading to malfunctions such as underinfusion, overinfusion, and non-delivery of fluids, which posed risks of serious injury or death to patients [2]. - Baxter was reportedly aware of multiple device malfunctions, injuries, and deaths related to these defects but did not adequately address them, leading to misleading positive statements about the company's operations and prospects [2]. Participation Information - Investors who suffered losses related to Baxter are encouraged to participate in the ongoing lawsuit, with a lead plaintiff deadline set for December 15, 2025 [2]. - Interested parties can contact The Law Offices of Frank R. Cruz for more information or to participate in the class action [3][4].

Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc (JHX) for securities fraud, following a significant decline in sales and misleading statements made by the company during the class period [1][4]. Summary by Sections Lawsuit Announcement - The Law Offices of Frank R. Cruz announced a class action lawsuit on behalf of shareholders who purchased James Hardie common stock between May 20, 2025, and August 18, 2025. Shareholders have until December 23, 2025, to file a lead plaintiff motion [1]. Company Performance - On August 19, 2025, James Hardie reported a 12% decline in sales in its North America Fiber Cement segment due to customer destocking, which was known to the company since April. This decline is expected to impact sales for at least the next two quarters [3]. Stock Price Impact - Following the sales disclosure, James Hardie's stock price dropped by $9.79, or 34.4%, closing at $18.64 per share on August 20, 2025, resulting in significant losses for investors [3]. Allegations in the Lawsuit - The lawsuit alleges that the defendants made materially false and misleading statements and failed to disclose adverse facts about the company's business. Specifically, it claims that sales were inflated due to inventory loading by channel partners rather than genuine customer demand, rendering the company's positive statements misleading [4].

Core Viewpoint - James Hardie Industries plc is facing a challenging period due to a class action securities lawsuit, yet Citigroup has upgraded its stock from Neutral to Buy, indicating confidence in the company's future performance [2][3][5] Company Overview - James Hardie is a global leader in fiber cement products, known for innovative building materials used in residential and commercial construction [1] - The company competes with other building material firms such as Boral and CSR Limited [1] Stock Performance - As of the latest update, James Hardie's stock is trading at $20.45, reflecting a 2.29% decrease with a drop of $0.48 [4][5] - The stock has experienced significant volatility over the past year, with a high of $37.65 and a low of $17.85 [4][5] - The company's market capitalization is approximately $11.83 billion, with a trading volume of 3,104,227 shares [4] Legal Issues - A class action lawsuit initiated by Levi & Korsinsky, LLP, alleges that James Hardie made false statements or concealed adverse facts regarding its North America segment, particularly about consumer demand and growth [2][3] - Investors affected by the lawsuit are encouraged to contact Levi & Korsinsky before December 23, 2025, to explore their rights and recovery options [3]

Core Points - The former CFO of View, Vidul Prakash, is facing claims from the U.S. Securities and Exchange Commission (SEC) for negligently allowing the company to understate the costs associated with replacing defective smart windows [1][3] - A federal judge ruled that the SEC could potentially prove that Prakash's actions violated federal securities laws, rejecting his defense [1][4] Company Overview - View went public in March 2021 through a merger valued at $1.6 billion with a special-purpose acquisition company backed by Cantor Fitzgerald [2] - The company filed for Chapter 11 bankruptcy in April 2024 and has agreed to go private [2] Financial Misstatements - The SEC's case, initiated in July 2023, centers around a defective sealing component in View's smart windows, which are designed to adjust to sunlight and are commonly used in office buildings [3] - View allegedly understated its window-related liabilities by $25 million in 2019 and $28 million in 2020 by failing to disclose shipping, installation, and manufacturing costs [3] Legal Proceedings - The judge indicated that a reasonable jury could find that Prakash breached his duty of care, contributing to the alleged financial misstatements [4] - Following the allegations, View replaced Prakash as CFO in November 2021 and decided to restate over two years of financial results [4] - View settled with the SEC without admitting wrongdoing and was not fined, which reflects the company's cooperation with the investigation [4]

Accessibility StatementSkip Navigation CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of WPP investors who were adversely affected by alleged securities fraud between February 27, 2025 and July 8, 2025. Follow the link below to get more information and be contacted by a member of our team: NEW YORK, Nov. 4, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in WPP plc ("WPP" or the "Company") (NYSE: WPP) of a class action securities lawsuit. https://zlk.com/pslra-1/wpp-plc-lawsui ...

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Avantor, Inc. ("Avantor†or the "Company†) (NYSE: AVTR) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON AVANTOR, INC. (AVTR), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On April 25, 2025, Av. ...

Core Viewpoint - A class-action lawsuit has been filed against James Hardie Industries plc, alleging securities fraud related to misleading investors about inventory levels and customer demand in its North American segment [1][2]. Group 1: Lawsuit Details - The lawsuit, filed on behalf of investors who purchased James Hardie common stock between May 20, 2025, and August 18, 2025, seeks damages for violations of the Securities Exchange Act of 1934 [2][3]. - The plaintiffs claim that James Hardie's North America Fiber Cement segment, which generates approximately 80% of the company's total earnings, was misrepresented by management despite signs of inventory destocking [3][4]. Group 2: Allegations of Misrepresentation - Executives allegedly made false statements around May 20 and 21, 2025, claiming robust customer demand while denying any inventory destocking [4][5]. - The complaint suggests that sales were artificially inflated due to "inventory loading by channel partners," indicating potential fraudulent practices [4][5]. Group 3: Impact of Disclosure - On August 19, 2025, James Hardie disclosed a 12% decline in sales for its North America Fiber Cement division, attributing it to the customer destocking previously denied by management [5][6]. - Following this disclosure, the company's stock price fell by over 34%, leading to significant losses for investors [6][7]. Group 4: Investigation and Next Steps - Hagens Berman is investigating the claims and is interested in whether James Hardie's sales practices were unsustainable and if senior management was aware of the issues [7][8]. - The firm encourages investors with substantial losses or relevant information to come forward to assist in the investigation [8][9].