Securities Litigation

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SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Replimune
Globenewswire· 2025-09-21 11:40
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Replimune Group, Inc. due to allegations of violations of federal securities laws related to misleading statements about the IGNYTE trial and its FDA approval process [4][6]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $50,000 in Replimune between November 22, 2024, and July 21, 2025, to discuss their legal rights [1][4]. - A federal securities class action has been filed against Replimune, with a deadline of September 22, 2025, for investors to seek the role of lead plaintiff [4][8]. Group 2: Allegations Against Replimune - The complaint alleges that Replimune and its executives made false and misleading statements regarding the IGNYTE trial, which the FDA deemed inadequate [6][7]. - Following the FDA's Complete Response Letter on July 22, 2025, Replimune's stock price fell over 73% during intraday trading, indicating significant investor losses [7]. Group 3: Firm Background - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [5].
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CTO Realty Growth
Globenewswire· 2025-09-19 14:33
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CTO Realty Growth, Inc. due to allegations of misleading statements regarding the sustainability of dividends and financial practices [3][5]. Group 1: Legal Investigation - The firm is reminding investors of the October 7, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against CTO [3]. - Investors who suffered losses in CTO between February 18, 2021, and June 24, 2025, are encouraged to contact the firm to discuss their legal rights [1][3]. Group 2: Allegations Against CTO - The complaint alleges that CTO and its executives violated federal securities laws by making false statements and failing to disclose that dividends were less sustainable than claimed [5]. - CTO is accused of using deceptive practices to inflate its Adjusted Funds From Operations (AFFO) and overstate the profitability of its Ashford Lane property [5]. - The Wolfpack Research report criticized CTO for not generating enough cash to cover dividends and capital expenditures, leading to a reliance on share dilution [6]. Group 3: Financial Impact - Following the release of the Wolfpack Report, CTO's stock price fell by $0.98, or 5.42%, closing at $17.10 per share on June 25, 2025 [7]. - The report highlighted that CTO has only $8.4 million in cash while facing quarterly dividends of $14 million and average recurring capital expenditures of $5.7 million [6].
IRHYTHM INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of iRhythm Technologies, Inc. – IRTC
Globenewswire· 2025-09-18 17:30
Core Insights - iRhythm Technologies, Inc. is under investigation by Kahn Swick & Foti, LLC following a Warning Letter from the FDA regarding non-conformities related to its Zio AT System [1][2] - The company faces a securities class action lawsuit for failing to disclose material information, with the court allowing the case to proceed [3] Group 1: FDA Warning and Compliance Issues - On May 30, 2023, iRhythm disclosed receiving a Warning Letter from the FDA concerning non-conformities in medical device regulations, particularly related to the Zio AT System [2] - The FDA's concerns include deficiencies in marketing and capabilities of the Zio AT device, which may pose undisclosed risks to patients [2] Group 2: Legal Proceedings - Following the FDA warning, iRhythm and its executives were sued in a securities class action lawsuit for not disclosing material information during the Class Period [3] - The court has denied the company's motion to dismiss the lawsuit, allowing it to continue, which raises questions about potential breaches of fiduciary duties by the company's officers and directors [3]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of Cytokinetics, Incorporated Common Stock and Sets a Lead Plaintiff Deadline of November 17, 2025
Globenewswire· 2025-09-17 21:35
Core Viewpoint - A class action lawsuit has been filed against Cytokinetics, alleging that the company made materially false and misleading statements regarding the New Drug Application (NDA) submission and approval process for aficamten, which misled investors about the regulatory timeline [1][2]. Group 1: Lawsuit Details - The lawsuit, Judah Seidman v. Cytokinetics, Incorporated, was initiated in the United States District Court for the Northern District of California for individuals who purchased Cytokinetics common stock between December 27, 2023, and May 6, 2025 [1]. - Class members are notified that they have until November 17, 2025, to request to be appointed as lead plaintiff, although sharing in any recovery does not require serving as a lead plaintiff [4]. Group 2: Allegations Against Cytokinetics - The complaint states that Cytokinetics misrepresented the expected approval timeline from the FDA for aficamten, claiming approval in the second half of 2025 without disclosing risks related to the omission of a Risk Evaluation and Mitigation Strategy (REMS) [2]. - During an earnings call on May 6, 2025, it was revealed that the company had discussions with the FDA regarding safety monitoring but chose to submit the NDA without a REMS, indicating a reckless decision that misled investors [3]. Group 3: Impact on Investors - As a result of the misleading statements, investors purchased Cytokinetics' common stock at inflated prices and faced significant losses when the truth about the regulatory process was disclosed [4].
BRBR SECURITIES NOTICE: Did BellRing Brands Mislead Investors? Contact BFA Law if You Lost Money on Your Investment
Globenewswire· 2025-09-12 12:18
Core Insights - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, with a focus on its sales growth and inventory practices [1][2]. Group 1: Company Overview - BellRing Brands 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 strong demand across all channels, attributed to distribution expansion and promotional activities [2]. Group 2: Sales Growth Concerns - There are concerns that the sales growth during the relevant period may have been artificially inflated due to temporary trade inventory loading at key retailers rather than sustainable consumer demand [2]. - On May 5, 2025, BellRing disclosed that several key retailers had reduced their weeks of supply, which would negatively impact growth in Q3 2025 [3]. Group 3: Stock Performance - Following the May 5 announcement, BellRing's stock price dropped by $13.96, or over 18%, from $77.34 to $63.38 per share [3]. - On August 4, 2025, the company reported disappointing quarterly consumption of Premier Protein RTD Shakes, leading to a further decline in stock price by $17.46, or nearly 33%, from $53.64 to $36.18 per share [4].
NEOGEN DEADLINE ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Neogen Corporation and Encourages Investors to Contact the Firm Before September 16th
Globenewswire· 2025-09-11 11:51
Core Viewpoint - A class action lawsuit has been filed against Neogen Corporation for alleged misrepresentations regarding the integration of 3M and its impact on the company's financial health during the class period from January 5, 2023, to June 3, 2025 [2][4]. Summary by Sections Legal Action - The lawsuit is filed in the United States District Court for the Western District of Michigan on behalf of all individuals and entities who purchased Neogen common stock during the specified class period [2]. - Investors have until September 16, 2025, to apply to be appointed as lead plaintiff in the lawsuit [2]. Allegations - The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, claiming that Neogen's management misrepresented the status of the 3M integration and failed to disclose its negative financial impacts [4]. - Defendants allegedly issued false and misleading statements, leading investors to believe that the integration was progressing smoothly while downplaying integration inefficiencies [4]. Financial Disclosures - On January 10, 2025, Neogen disclosed a GAAP net income loss due to a $461 million non-cash goodwill impairment charge related to the 3M acquisition, leading to a 5% decline in stock price to $12.36 per share [5]. - In the following quarter, on April 9, 2025, Neogen reported a 3.4% revenue decline to $221 million and cut its FY25 guidance, resulting in a 28% drop in stock price to $5.02 per share [6]. - On June 4, 2025, Neogen projected an EBITDA margin drop to the high teens from the previous quarter's 22%, causing an additional 17% decline in stock price to $4.96 per share [7].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CTO Realty Growth
Prnewswire· 2025-09-06 12:42
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CTO Realty Growth, Inc. due to allegations of misleading statements regarding the sustainability of dividends and financial practices, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by October 7, 2025 [1][3][6]. Group 1: Allegations Against CTO - The complaint alleges that CTO and its executives violated federal securities laws by making false and misleading statements about the sustainability of dividends and the true profitability of its Ashford Lane property [3]. - The Wolfpack Research report claims CTO has not generated enough cash to cover its recurring capital expenditures and dividends since converting to a REIT in 2021, relying on share dilution to cover a $38 million dividend shortfall from 2021 to 2024 [4]. - The report also accuses CTO of using a manipulative definition of Adjusted Funds From Operations (AFFO) and hiding financial issues related to a major tenant at Ashford Lane [4]. Group 2: Financial Impact - Following the release of the Wolfpack Report, CTO's stock price fell by $0.98 per share, or 5.42%, closing at $17.10 per share on June 25, 2025 [5]. - CTO is reported to have only $8.4 million in cash while facing quarterly dividends of $14 million and average recurring capital expenditures of $5.7 million, indicating potential financial strain [4]. Group 3: Legal Proceedings - Investors who purchased CTO securities between February 18, 2021, and June 24, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options [1][6]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding CTO's conduct [6].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Tronox Holdings
GlobeNewswire News Room· 2025-09-05 20:19
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Tronox Holdings plc due to significant financial losses and misleading statements made by the company regarding its performance and outlook [4][6]. Group 1: Company Performance - Tronox reported a significant reduction in TiO2 sales for Q2 2025, attributing the decline to a softer coatings season and increased competition [7]. - Following the disappointing sales results, Tronox revised its full-year revenue guidance downward and cut its dividend by 60% [7]. - The company's stock price plummeted from $5.14 per share on July 30, 2025, to $3.19 per share on July 31, 2025, marking a decline of approximately 38% in just one day [8]. Group 2: Legal Actions - Investors who suffered losses exceeding $75,000 in Tronox between February 2, 2025, and July 30, 2025, are encouraged to discuss their legal rights with Faruqi & Faruqi [1]. - A federal securities class action has been filed against Tronox, with a deadline of November 3, 2025, for investors to seek the role of lead plaintiff [4][9]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Tronox's conduct [10].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sable Offshore
GlobeNewswire News Room· 2025-09-03 15:57
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of violations of federal securities laws, specifically regarding misleading statements about the company's oil production activities [4][6]. Group 1: Legal Investigation and Class Action - A federal securities class action has been filed against Sable Offshore, with a deadline of September 26, 2025, for investors to seek the role of lead plaintiff [4][8]. - The complaint alleges that Sable Offshore and its executives made false statements about the company's oil production restart, which had not occurred [6][7]. - Investors who suffered losses between May 19, 2025, and June 3, 2025, are encouraged to contact the law firm to discuss their legal rights [1][4]. Group 2: Stock Performance and Market Reaction - Following a court injunction against Sable's pipeline activities, the company's stock fell by $5.04 per share, or 15.3%, closing at $27.89 on May 28, 2025 [7]. - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore [7]. Group 3: Firm Background and Recovery - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in multiple states [5]. - The firm is actively seeking information from whistleblowers, former employees, and shareholders regarding Sable Offshore's conduct [9].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of PubMatic
GlobeNewswire News Room· 2025-09-03 15:52
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against PubMatic, Inc. due to allegations of misleading statements and failure to disclose significant changes affecting the company's revenue and operations [4][6]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in PubMatic between February 27, 2025, and August 11, 2025, to discuss their legal rights [1][4]. - There is a deadline of October 20, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against PubMatic [4][8]. Group 2: Allegations Against PubMatic - The complaint alleges that PubMatic and its executives violated federal securities laws by making false or misleading statements regarding a top DSP buyer shifting clients to a new platform, leading to reduced ad spend and revenue [6]. - Following the release of its second quarter 2025 financial report on August 11, 2025, PubMatic's stock price fell by $2.23, or 21.1%, closing at $8.34 per share due to the disclosed reduction in ad spend from a top DSP partner [7]. Group 3: Company Background - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in New York, Pennsylvania, California, and Georgia [5].