Core Viewpoint - A class action lawsuit has been filed against Bitfarms Ltd. and certain officers for alleged violations of federal securities laws during the Class Period from March 21, 2023, to December 9, 2024, seeking damages for misleading statements regarding the company's financial reporting and internal controls [1][7][8]. Company Overview - Bitfarms operates integrated Bitcoin data centers in Canada, the U.S., Paraguay, and Argentina, focusing on validating transactions on the Bitcoin Blockchain through mining [4]. - The company sells mined Bitcoin as digital assets or exchanges them for U.S. dollars, with a financing strategy that includes strategically selling its BTC assets [4]. Financial Reporting Issues - In March 2024, Bitfarms identified a material weakness in its internal control over financial reporting related to the classification of 2021 Warrants, which should have been classified as financial liabilities rather than equity instruments [7]. - The company acknowledged deficiencies in internal controls, leading to misstatements in financial statements and incorrect categorization of proceeds from digital asset sales [7][8]. Recent Developments - On December 9, 2024, Bitfarms announced that its consolidated financial statements for 2022 and 2023 contained a material error regarding the classification of proceeds from digital asset sales, necessitating restatement [9]. - Following this announcement, Bitfarms' stock price fell by $0.13 per share, or 6.07%, closing at $2.01 per share on December 10, 2024 [9]. - In April 2025, Bitfarms filed its Annual Report, indicating that the remediation plan for the identified material weakness would be completed in 2025, contrary to previous statements that it would be completed in 2024 [10].

Core Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for alleged misleading statements and failure to disclose critical information during the Class Period from November 29, 2023, to February 10, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Fluence made false and/or misleading statements regarding its relationships with major revenue sources, Siemens AG and The AES Corporation, which were expected to decline [5]. - Allegations include that Siemens Energy accused Fluence of engineering failures and fraud, and that Fluence's reported margins and revenue growth were inflated as Siemens and AES were moving to divest [5]. - The lawsuit asserts that the defendants lacked a reasonable basis for their positive statements about Fluence's battery energy storage business and related financial results, leading to investor damages when the truth was revealed [5]. Group 2: Participation Information - Investors who purchased Fluence common stock during the Class Period 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]. - It is noted that no class has been certified yet, and investors can choose to remain absent or select their own counsel [7].

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Compass Diversified Holdings and Compass Group Diversified Holdings, LLC (NYSE: CODI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Compass you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/compass-diversified-holdings. Investors h ...

Core Viewpoint - Cleveland-Cliffs Inc. is under investigation for potential securities fraud following a disappointing financial report that revealed a larger than expected adjusted loss and a significant revenue decline [1][3]. Financial Performance - Cleveland-Cliffs reported a first-quarter revenue decline of 11% year-over-year, totaling $4.63 billion [3]. - The company announced plans to fully or partially idle six steel plants due to underperforming non-core assets and the impact of lower index prices from late 2024 and early 2025 [3]. Stock Market Reaction - Following the financial results announcement, Cleveland-Cliffs' stock price dropped by $1.34 per share, or 15.78%, closing at $7.15 per share on May 8, 2025 [4]. Company Strategy - The CEO indicated a strategic shift to reposition the company's portfolio away from non-core markets, such as rail and high-carbon sheet products, and towards the automotive industry [3].

Core Viewpoint - Investors with significant losses in Avis Budget Group, Inc. have the opportunity to lead a securities fraud class action lawsuit against the company due to undisclosed financial impacts related to fleet rotation and impairment charges [1][3]. Summary by Sections Lawsuit Details - The lawsuit alleges that from February 16, 2024, to February 10, 2025, Avis failed to disclose a plan to accelerate fleet rotation, which shortened the useful life of vehicles in the Americas segment and reduced their recoverable value [3]. - As a result of this acceleration, Avis is expected to recognize billions of dollars in impairment charges and incur substantial losses, negatively impacting the company's financial results [3]. - The lawsuit claims that Avis's financial and business prospects were overstated, and positive statements made by the company were materially misleading [3]. Participation Information - Investors who suffered losses in Avis Budget Group are encouraged to contact the Law Offices of Howard G. Smith before June 24, 2025, to participate in the ongoing lawsuit [2][4]. - Interested parties can reach out via email, phone, or the law firm's website for more information regarding their legal rights [2][4].

LOS ANGELES, May 9, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ: LPRO) have opportunity to lead the securities fraud class action lawsuit.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN OPEN LENDING CORPORATION (LPRO), CLICK HERE BEFORE JUNE 30, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.What Is The Lawsuit About? The complaint filed allege ...

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Capricor Therapeutics, Inc. (“Capricor” or the “Company”) (NASDAQ: CAPR).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Capricor and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On ...

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Cable One, Inc. following disappointing financial results and management's credibility issues [1][3]. Financial Performance - On May 1, 2025, Cable One reported Q1 2025 earnings that significantly missed analyst expectations and announced a suspension of its dividend [3]. - Analysts from Keybanc described the results as "extremely disappointing," while Raymond James criticized management for their optimistic outlook despite poor performance [3]. - Following the announcement, Cable One's stock price dropped by $109.48, or 41.79%, closing at $152.51 per share on May 2, 2025 [3]. Legal Investigation - Pomerantz LLP is conducting an investigation on behalf of Cable One investors regarding possible securities fraud or other unlawful practices by the company and its executives [1].

Group 1 - Integra LifeSciences Holdings Corporation is under investigation for potential securities fraud and unlawful business practices involving its officers and directors [1] - The company reported a first-quarter 2025 earnings per diluted share of -$0.33, a decline from -$0.04 per diluted share in the previous year [3] - Integra's full-year earnings guidance and second-quarter revenue outlook significantly missed consensus estimates, with reported declines in its Neurosurgery and Tissue Technologies businesses due to inventory issues and slower ordering patterns [3] Group 2 - Following the financial results announcement, Integra's stock price dropped by $3.57 per share, or 21.19%, closing at $13.28 per share on May 5, 2025 [4]

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Take-Two Interactive Software, Inc. (“Take-Two” or the “Company”) (NASDAQ: TTWO).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Take-Two and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class act ...