Securities Law Violation

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BRBR INVESTORS: BellRing Brands, Inc. (NYSE:BRBR) Investors may have been Affected by Fraud – Contact BFA Law about Potentially Recovering Losses
GlobeNewswire News Room· 2025-07-30 12:36
Core Viewpoint - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, with concerns regarding the sustainability of its sales growth driven by temporary trade inventory loading rather than genuine consumer demand [1][2]. Group 1: Company Overview - BellRing operates in the convenient nutrition category, primarily known for its brands Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders [2]. - The company reported that Premier Protein achieved an all-time high in household penetration and claimed strong demand across all channels, attributed to distribution expansion and promotional activities [2]. Group 2: Sales Growth and Market Reaction - The sales growth during the relevant period may not be sustainable, as it could have been influenced by temporary inventory loading at key retailers [2]. - On May 5, 2025, BellRing disclosed that several key retailers reduced their weeks of supply, which would negatively impact growth in Q3 2025. This announcement led to a significant stock price decline of $13.96 per share, or over 18%, dropping from $77.34 to $63.38 on May 6, 2025 [3].
LASER PHOTONICS INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigating Laser Photonics Corporation on Behalf of Laser Photonics Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-30 00:35
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Laser Photonics Corporation for possible violations of federal securities laws and unlawful business practices, encouraging affected investors to reach out for legal options [1][3]. Financial Disclosure Issues - On September 23, 2024, Laser Photonics announced that its previously issued financial statements for the year ended December 31, 2023, and the period ended June 30, 2024, should no longer be relied upon due to an overstatement of deferred revenue identified by its predecessor auditor, Fruci & Associates II, PLLC [3]. - Following this announcement, Laser Photonics' stock price dropped by $6.90 per share, or 36.7%, closing at $11.90 per share on September 25, 2024 [3]. Legal Assistance Offer - The law firm is reaching out to long-term stockholders of Laser Photonics who have suffered losses, offering assistance and information regarding their legal rights and potential claims [1][4]. Firm Background - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation across state and federal courts [5].
ENCOMPASS INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Continuing Investigating Encompass Health Corporation on Behalf of Encompass Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-29 23:53
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Encompass Health Corporation due to allegations of violations of federal securities laws and unlawful business practices following negative reports about the company's hospital performance [1][3]. Group 1: Allegations and Impact - A New York Times article published on July 15, 2025, reported that Encompass's for-profit hospitals perform below average on key safety measures, with 34 facilities rated by Medicare as having significantly worse rates of potentially preventable readmissions [3]. - The article highlighted "alarming mistakes" that have led to patient fatalities, raising serious concerns about the company's operational practices [3]. - Following the publication of this article, Encompass's stock price dropped by $12.39, or 10.4%, closing at $107.28 per share, resulting in financial losses for investors [4]. Group 2: Legal Actions and Contact Information - Investors who purchased or acquired Encompass shares and suffered losses are encouraged to contact Bragar Eagel & Squire for discussions regarding their legal rights and potential claims [1][5]. - The law firm specializes in representing individual and institutional investors in complex litigation, indicating a focus on protecting shareholder interests [6].
Centene Corporation (CNC) Shares Fall ~10% Pre-Market After Reporting Q2 2025 Diluted Loss Per Share, Class Action Lawsuit Over “Inflated Guidance” Pending – Hagens Berman
GlobeNewswire News Room· 2025-07-28 20:36
Core Viewpoint - Centene Corporation experienced a significant decline in stock price following the release of disappointing Q2 2025 financial results, leading to a class action lawsuit from investors alleging misleading statements about the company's financial health and market conditions [1][2][4][5]. Financial Performance - Centene reported a GAAP diluted loss per share of -$0.51 for Q2 2025, primarily due to a reduction in the company's net 2025 Marketplace risk adjustment revenue transfer estimate [4]. - The company withdrew its 2025 financial guidance on July 1, 2025, after a review revealed lower-than-expected market growth and higher morbidity levels than previously assumed, resulting in a stock price drop of over 40% [6]. Legal Issues - A class action lawsuit, Lunstrum v. Centene Corporation, has been filed, representing investors who purchased Centene securities between December 12, 2024, and June 30, 2025, alleging violations of the Securities Exchange Act of 1934 [2][4]. - The lawsuit claims that Centene's leadership misled investors by presenting an overly optimistic view of the company's financial health, despite internal data indicating lower enrollment and higher morbidity rates [5][7]. Market Conditions - Centene's public statements had previously suggested expanding market share and robust business performance, particularly in serving underinsured and uninsured populations, which the lawsuit argues were not aligned with actual operational metrics [5][7]. - A preliminary analysis indicated that more than two-thirds of Centene's Marketplace share showed lower-than-expected enrollment, contradicting the company's optimistic reports [5].
CTO Realty Growth, Inc. (CTO) Shares Decline Amid Wolfpack Report – Hagens Berman
GlobeNewswire News Room· 2025-07-23 21:56
Core Viewpoint - The share price of CTO Realty Growth, Inc. significantly declined following allegations from Wolfpack Research regarding misleading statements about dividend sustainability and questionable financial practices [1][4]. Group 1: Allegations and Investigations - Wolfpack Research published a report accusing CTO of misleading investors about its dividend sustainability and engaging in dubious financial activities, leading to a decline in share price [1][4]. - Hagens Berman, a national shareholders rights firm, has initiated an investigation into CTO's practices and potential violations of securities laws, urging affected investors to come forward [2][3]. - The investigation focuses on CTO's adherence to accounting rules and the use of non-GAAP accounting metrics, particularly concerning the quality of its real estate portfolio and reported asset values [3][5]. Group 2: Financial Practices and Management - Wolfpack's report claims that CTO's management has misrepresented the quality of its properties, highlighting that some are in extreme financial distress and that the company relies on dilution to cover a $38 million dividend shortfall [4][5]. - The report criticizes CTO's definition of Adjusted Funds From Operation (AFFO), stating it excludes recurring capital expenditures, which is not consistent with industry peers, and suggests that management has inflated performance bonuses by $8 million [5][8]. - Allegations include misleading investors about dividend sustainability while enriching management and engaging in questionable accounting practices, such as using a sham loan to mask a tenant's failure [8].
INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Encompass Health Corporation (NYSE: EHC) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm
Prnewswire· 2025-07-23 21:35
Company Overview - Encompass Health Corporation is the largest owner and operator of inpatient rehabilitation hospitals in the U.S., with approximately 166 facilities across 38 states [3] - The company provides intensive post-acute care, including physical, occupational, respiratory, and speech therapy for patients recovering from major illnesses and injuries [3] Allegations of Wrongdoing - An article published by The New York Times on July 15, 2025, raised patient safety concerns at Encompass rehabilitation hospitals, stating that the company owns 34 of the 41 inpatient rehab facilities flagged by Medicare for having "statistically significantly worse rates of potentially preventable readmissions" [4] - Specific incidents mentioned include fatal carbon monoxide poisoning, medication errors, and bed alarm failures [4] Market Reaction - Following the publication of the article, Encompass's stock price fell by $12.39 per share, or 10.35%, closing at $107.28 per share on July 15, 2025 [5]
Kirby McInerney LLP Announces Investigation Against Encompass Health Corporation (EHC) on Behalf of Investors
GlobeNewswire News Room· 2025-07-17 21:30
Core Viewpoint - Encompass Health Corporation is under investigation for potential violations of federal securities laws and unlawful business practices following reports of safety concerns at its rehabilitation hospitals [1][3]. Group 1: Investigation Details - Kirby McInerney LLP is investigating claims against Encompass Health and its officers regarding possible violations of federal securities laws [1]. - The investigation was prompted by a New York Times article that highlighted significant safety issues at Encompass Health's hospitals, including high rates of preventable readmissions and serious operational mistakes [3]. Group 2: Financial Impact - Following the news of the investigation and safety concerns, Encompass Health's stock price fell by $12.39, approximately 10.4%, closing at $107.28 per share on July 15, 2025 [4].
SOC INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation on Behalf of Sable Offshore Corp. Investors
GlobeNewswire News Room· 2025-07-15 23:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Sable Offshore Corp. for possible violations of federal securities laws and unlawful business practices [2] Group 1: Company Operations - On May 19, 2025, Sable announced the resumption of oil production from one of its offshore platforms related to the Las Flores pipeline as of May 15, 2025 [3] - On May 21, 2025, Sable priced its public offering of 8,695,654 shares at $29.50 per share, resulting in gross proceeds of approximately $295 million [4] Group 2: Regulatory Issues - The California State Land Commission warned Sable on May 23, 2025, that its press release mischaracterized recent activities, causing public confusion and raising questions about the company's intentions [5] - On May 28, 2025, a preliminary injunction was approved by the Santa Barbara County Superior Court regarding Sable's maintenance and repair work in the coastal zone, leading to a decline in Sable's stock price by $5.04 per share, or approximately 15%, from $32.93 to $27.89 [6]
Centene Corporation (CNC) Faces Shareholder Ire Amidst Plummeting Stock and Lawsuit Over "Inflated Guidance" - Hagens Berman
Prnewswire· 2025-07-15 12:34
Core Viewpoint - Centene Corporation is facing a class action lawsuit due to allegations of misleading investors about its financial health and growth prospects, leading to a significant drop in stock price [1][3][5]. Group 1: Lawsuit Details - The lawsuit, titled Lunstrum v. Centene Corporation, seeks to represent investors who acquired Centene securities between December 12, 2024, and June 30, 2025, alleging violations of the Securities Exchange Act of 1934 [1][2]. - The allegations center around claims that Centene and its executives provided an overly optimistic view of the company's financial situation, particularly regarding revenue outlook and enrollment rates [3][4]. Group 2: Financial Impact - On July 1, 2025, Centene withdrew its 2025 guidance, stating that market growth across 22 states, which accounts for 72% of its marketplace membership, was "lower than expected," leading to a revised guidance of approximately $1.8 billion or an adjusted diluted EPS of $2.75 [4]. - Following this announcement, Centene's stock price fell by more than 40%, resulting in billions of dollars in lost shareholder value [5]. Group 3: Investigative Actions - Hagens Berman, a national shareholders rights firm, is investigating the claims and encourages affected investors to report their losses [2][6]. - The firm suggests that if the allegations are proven true, they indicate a disconnect between Centene's public statements and its actual performance metrics [6].
NASDAQ: WOOF INVESTOR ALERT: Berger Montague Advises Petco Health and Wellness Company (NASDAQ: WOOF) Investors of an August 29, 2025 Deadline
Prnewswire· 2025-07-14 20:16
Core Viewpoint - Berger Montague is investigating potential securities law violations involving Petco Health and Wellness Company, with a class action lawsuit filed for investors who acquired Petco securities between January 14, 2021, and June 5, 2025 [1][2] Group 1: Legal Investigation and Class Action - A class action lawsuit has been initiated on behalf of investors who purchased Petco securities during the specified Class Period [1][2] - Investors have until August 29, 2025, to seek appointment as lead plaintiff representative of the class [2] Group 2: Allegations Against Petco - The complaint alleges that Petco made materially false and misleading statements regarding its pandemic-related advantages and the sustainability of its premium pet food business model [3] - It is claimed that Petco overstated its ability to achieve profitable growth while downplaying operational challenges [3] - These alleged misrepresentations resulted in significant declines in Petco's stock price, including a drop of over 20% on August 24, 2023, following a downward revision of financial guidance [3]