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The Gross Law Firm Notifies Shareholders of RCI Hospitality Holdings, Inc.(RICK) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-10-20 12:45
Core Points - The Gross Law Firm has issued a notice to shareholders of RCI Hospitality Holdings, Inc. regarding a class action lawsuit for shareholders who purchased shares during the specified class period [1] - The class period is defined as December 15, 2021, to September 16, 2025, with allegations including tax fraud and bribery by the defendants [2] - Shareholders are encouraged to register for the class action by the deadline of November 20, 2025, to potentially become lead plaintiffs [3] Allegations - The complaint alleges that defendants engaged in tax fraud and bribery to conceal this fraud [2] - It is claimed that the defendants understated the legal risks facing the company, leading to materially false and misleading statements about its business and operations [2] Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software for updates on the case [3] - There is no cost or obligation for shareholders to participate in the class action [3] About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4]
SEMLER CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Semler Scientific Investors to Contact the Firm Before the October 28th Deadline
Globenewswire· 2025-10-18 15:25
Core Points - A class action lawsuit has been filed against Semler Scientific, Inc. for allegedly making materially false and misleading statements regarding a Department of Justice investigation into violations of the False Claims Act during the Class Period from March 10, 2021, to April 15, 2025 [3][7] - Investors who purchased Semler securities during the Class Period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for legal options [1][4] Allegation Details - The lawsuit claims that Semler Scientific failed to disclose a material investigation by the DOJ into potential violations of the False Claims Act, while discussing such violations in hypothetical terms [3] - As a result of these alleged omissions, the public statements made by the defendants were deemed materially false and misleading [3] Next Steps - Investors who acquired Semler shares and experienced losses are invited to reach out to the law firm for more information or to discuss their rights [4][7] - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is October 28th [7] About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across various courts in the United States [5]
LIFEMD CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds LifeMD Investors to Contact the Firm Before the October 27th Deadline
Globenewswire· 2025-10-18 15:20
Core Viewpoint - A class action lawsuit has been filed against LifeMD, Inc. for allegedly making materially false and misleading statements regarding its competitive position and financial guidance during the Class Period from May 7, 2025, to August 5, 2025 [3][7]. Allegation Details - The lawsuit claims that defendants overstated LifeMD's competitive position [3]. - It is alleged that the defendants were reckless in raising LifeMD's 2025 guidance without properly accounting for rising customer acquisition costs in the RexMD segment and related to obesity treatment drugs [3]. - The lawsuit asserts that the statements made by the defendants about LifeMD's business, operations, and prospects were materially false and misleading [3]. Next Steps - Investors who purchased LifeMD shares and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is October 27, 2025 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation [5]. - The firm has offices in New York, California, and South Carolina and handles cases in state and federal courts across the country [5].
新加坡国资起诉蔚来,是真有问题还是空头炒作?
Hu Xiu· 2025-10-18 06:42
Core Viewpoint - NIO's stock price experienced significant volatility due to a lawsuit filed by Singapore's GIC, alleging that NIO inflated revenue through a subsidiary, Wuhan Weinan Battery, misleading investors [2][15][21] Group 1: Stock Price Movement - On October 16, NIO's Hong Kong stock fell by nearly 9% after a 13% drop during the day [1] - The following day, NIO's stock price rebounded by 2% [3] Group 2: Lawsuit Details - GIC's lawsuit claims that NIO misled investors by exaggerating revenue and profits through its relationship with Wuhan Weinan Battery [15] - The lawsuit is currently on hold, pending the outcome of a related class action lawsuit filed by U.S. investors [23] Group 3: Financial Context - Between August 2020 and July 2022, GIC purchased approximately 54.45 million shares of NIO, which are now at a loss due to the bear market and NIO's ongoing lack of profitability [6] - NIO's battery leasing model (BaaS) allows consumers to purchase vehicles at a lower upfront cost while paying a monthly battery rental fee, which has implications for revenue recognition [16][21] Group 4: Accounting Practices - NIO's accounting practices, while compliant with regulations, have raised concerns about revenue recognition and transparency [21][26] - The establishment of Wuhan Weinan Battery allows NIO to front-load some future revenue, potentially enhancing its market valuation [21][26] Group 5: Market Reactions and Comparisons - The situation reflects common practices in the U.S. market, where companies like Apple and Nvidia have faced similar lawsuits for misleading disclosures [8][12][13] - The long-term impact on NIO will depend on its ability to sustain sales growth, similar to how Luckin Coffee rebounded after its financial scandal [29][30]
新加坡国资起诉蔚来欺诈,是真有问题还是空头炒作?
Xin Lang Cai Jing· 2025-10-17 12:32
Core Viewpoint - NIO's stock price experienced significant volatility due to a lawsuit filed by Singapore's GIC, alleging that NIO inflated revenue through an external company, Wuhan Weinan Battery, misleading investors [1][4][9] Group 1: Lawsuit and Market Reaction - On October 16, NIO's Hong Kong stock fell nearly 9% amid renewed media attention on the lawsuit, despite the case being temporarily shelved in U.S. courts [1][12] - The following day, NIO's stock rebounded by 2%, indicating potential market recovery or investor confidence [1] - The lawsuit is seen as a possible tactic by large investors to manipulate stock prices for profit, reminiscent of "rumor selling" strategies in capital markets [1][3] Group 2: Background of the Lawsuit - GIC purchased approximately 54.45 million shares of NIO from August 2020 to July 2022, but has since incurred losses due to the bear market and NIO's failure to achieve profitability [4][6] - The lawsuit is based on U.S. securities law, allowing collective action if a company is found to have committed fraud or misrepresentation that led to investor losses [6][8] Group 3: NIO's Business Model and Financial Practices - The core of GIC's allegations revolves around NIO's battery-as-a-service (BaaS) model, which allows consumers to purchase vehicles without batteries, lowering the initial cost by 25%-30% [9][11] - NIO established Wuhan Weinan Battery in August 2020, holding a 19.4% stake, with other significant shareholders including state-owned entities and CATL [9][11] - The financial structure allows NIO to recognize revenue from both vehicle sales and battery leasing, which may inflate reported income [11][12] Group 4: Implications and Future Outlook - The outcome of the collective lawsuit could lead to either dismissal or a settlement, with an uncertain timeline that may extend for years [10][12] - NIO's accounting practices are compliant with regulations, but the strategy may provide a competitive edge in valuation compared to peers [12] - Long-term performance will ultimately depend on NIO's ability to sustain sales growth, similar to the recovery seen in other companies like Luckin Coffee [13]
KBR, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before November 18, 2025 to Discuss Your Rights - KBR
Prnewswire· 2025-10-13 13:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of KBR, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its business operations and prospects during a specified class period [1][2]. Summary by Sections Allegations - The complaint claims that KBR's management misrepresented the status of its partnership with HomeSafe, despite knowing that the U.S. Department of Defense had concerns about HomeSafe's ability to fulfill a global household goods contract [1]. - It is alleged that KBR's statements regarding its business operations and future prospects were materially false and lacked a reasonable basis during the class period from May 6, 2025, to June 19, 2025 [1]. Class Action Details - Shareholders who purchased KBR shares during the class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for November 18, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case, and participation in the case incurs no cost or obligation [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].
LIFEMD (LFMD) ALERT: Bragar Eagel & Squire, P.C. Reminds LifeMD Investors of the October 27th Deadline in the Filed LifeMD Class Action Lawsuit
Globenewswire· 2025-10-10 18:27
Core Viewpoint - A class action lawsuit has been filed against LifeMD, Inc. for allegedly making materially false and misleading statements regarding its competitive position and financial guidance, leading to investor losses during the specified Class Period from May 7, 2025, to August 5, 2025 [3][7]. Allegation Details - The lawsuit claims that LifeMD's defendants overstated the company's competitive position [3]. - It is alleged that the defendants were reckless in raising LifeMD's 2025 guidance without properly accounting for rising customer acquisition costs in the RexMD segment and related to obesity treatment drugs [3]. - As a result, the statements made about LifeMD's business operations and prospects were materially false and misleading [3]. Next Steps - Investors who purchased LifeMD shares and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is October 27, 2025 [7].
SELECTQUOTE URGENT DEADLINE ALERT: Bragar Eagel & Squire, P.C. Urgently Reminds SelectQuote Investors to Contact the Firm Before the October 10th Deadline
Globenewswire· 2025-10-08 19:18
Core Viewpoint - A class action lawsuit has been filed against SelectQuote, Inc. for allegedly receiving illegal kickbacks from health insurance companies and misleading investors about its business practices [6]. Allegation Details - The U.S. Department of Justice filed a complaint against SelectQuote, alleging that from 2016 to at least 2021, the company received "tens of millions of dollars" in illegal kickbacks for steering Medicare beneficiaries to specific insurance plans [6]. - The lawsuit claims that SelectQuote made materially false statements regarding its services, asserting it provided unbiased coverage comparisons while actually directing beneficiaries to the most profitable plans for the company [6]. - Specific allegations include failure to disclose that SelectQuote did not provide unbiased comparisons, received illegal kickbacks, and was vulnerable to regulatory sanctions [6]. Stock Impact - Following the DOJ's announcement, SelectQuote's stock price dropped by $0.61, or 19.2%, closing at $2.56 per share on May 1, 2025, with unusually high trading volume [6]. Next Steps - Investors who purchased SelectQuote shares between September 9, 2020, and May 1, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4][6]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is October 10, 2025 [6].
HASBRO INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation Into Hasbro, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-10-08 18:52
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Hasbro, Inc. due to allegations of mismanagement and misrepresentation regarding inventory levels and sales performance during a specified class period [1][5]. Company Overview - Hasbro, Inc. is facing a class action lawsuit that claims the company misrepresented the quality and appropriateness of its inventory levels compared to customer demand [5]. - The lawsuit alleges that Hasbro had a significant buildup of inventory that exceeded customer demand, leading to financial difficulties [5]. Financial Performance - On January 26, 2023, Hasbro announced a 17% year-over-year revenue contraction for the fourth quarter of fiscal year 2022, which prompted the company to lay off 15% of its global workforce [5]. - Following this announcement, Hasbro's stock price fell by more than 8% [5]. - On October 26, 2023, Hasbro reported an 18% decline in Consumer Product revenues year-over-year and significantly reduced its guidance for the remainder of the year [5]. - The CEO disclosed a forecast of approximately $50 million in one-time costs related to inventory management and marketing efforts, which led to an additional 11.7% drop in the stock price [5].
SAVARA CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Reminds Investors of the November 7th Deadline in The Savara Class Action Lawsuit
Globenewswire· 2025-10-06 18:25
Core Points - A class action lawsuit has been filed against Savara Inc. for failing to disclose critical information regarding the MOLBREEVI Biologics License Application (BLA) during the class period from March 7, 2024, to May 23, 2025 [2][8] - The lawsuit claims that the FDA was unlikely to approve the MOLBREEVI BLA in its current form due to insufficient information, which could lead to delays in regulatory approval and the need for Savara to raise additional capital [8] Allegation Details - The complaint alleges that Savara did not disclose that the MOLBREEVI BLA lacked sufficient information regarding its chemistry, manufacturing, and controls [8] - On May 27, 2025, Savara announced it received a refusal to file (RTF) letter from the FDA, causing its stock price to drop by $0.90, or 31.69%, closing at $1.94 per share [8] Next Steps - Investors who purchased Savara shares and suffered losses are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and potential claims [4] - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 7, 2025 [2] About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation [5] - The firm has offices in New York, California, and South Carolina, and provides services in commercial and securities litigation [5]