Securities Litigation
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UPCOMING DEADLINE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Stride
Prnewswire· 2025-11-21 15:22
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Stride, Inc. for alleged violations of federal securities laws, particularly regarding misleading statements about the company's products and services, which have led to significant investor losses [1][3]. Group 1: Allegations Against Stride - The complaint alleges that Stride and its executives made false and misleading statements about the company's offerings to educational institutions, while inflating enrollment numbers and cutting staff costs beyond legal limits [3]. - A report from Gallup-McKinley County Schools Board of Education accused Stride of fraud and deceptive practices, including retaining "ghost students" to secure state funding and ignoring compliance requirements [4]. Group 2: Stock Price Impact - Following the allegations, Stride's stock price dropped by $18.60, or 11.7%, closing at $139.76 per share on September 15, 2025, causing harm to investors [5]. - After Stride's announcement of limited enrollment growth and operational issues, the stock price fell as much as 51% during intraday trading on October 29, 2025, further injuring investors [6]. Group 3: Legal Proceedings - Investors who suffered losses during the specified period are encouraged to contact Faruqi & Faruqi to discuss their legal rights, with a deadline of January 12, 2026, to seek the role of lead plaintiff in the class action [1][7].
Mobix Labs 對 Denis Tse、ACE Equity Partners International、Asia-IO 及 ACE SO4 提起訴訟,追討超過 2.5 億美元的損害賠償
Globenewswire· 2025-11-20 23:39
Core Points - Mobix Labs, Inc. has filed a verified complaint in the Delaware Court of Chancery against several defendants, including Tik Yang Tse, for fraud, intentional misrepresentation, and breach of investment obligations [1][2] - The lawsuit claims that ACE failed to fulfill its obligation to provide $30 million in funding related to Mobix's business merger in 2023, as stipulated in the subscription agreement [1][2] - Mobix is seeking over $250 million in damages and punitive damages, along with a specific performance of the $30 million equity investment commitment from ACE [2] Company Overview - Mobix Labs, Inc. is a rapidly developing semiconductor and defense technology company based in Irvine, California, focused on providing advanced wireless and wired connectivity solutions for next-generation communication systems [4] - The company's solutions support various high-reliability markets, including aerospace, defense, 5G, medical, and industrial sectors [4]
LRN INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Stride
Globenewswire· 2025-11-20 19:17
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Stride, Inc. for alleged violations of federal securities laws, encouraging affected investors to contact them regarding their legal options [4][6]. Group 1: Allegations Against Stride, Inc. - The complaint alleges that Stride and its executives made false and misleading statements about the company's products and services, inflating enrollment numbers and cutting staff costs beyond statutory limits [6]. - A report from Gallup-McKinley County Schools Board of Education accused Stride of fraud and deceptive practices, including retaining "ghost students" to secure state funding [7]. - Following these allegations, Stride's stock price dropped significantly, falling $18.60 (11.7%) to close at $139.76 per share on September 15, 2025 [8]. Group 2: Financial Performance and Impact - On October 28, 2025, Stride reported first-quarter fiscal 2026 results, indicating a deliberate limitation on enrollment growth and issues with system implementation, leading to 10,000 to 15,000 fewer enrollments [9]. - The announcement of these challenges caused Stride's stock price to plummet by as much as 51% during intraday trading on October 29, 2025 [9]. Group 3: Legal Proceedings - Investors have until January 12, 2026, to seek the role of lead plaintiff in the federal securities class action against Stride [4]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [10].
aTyr Pharma (ATYR) Posts Wider-Than-Expected Loss as Investor Litigation Over Key Drug's Efficacy Moves Forward -- Hagens Berman
Globenewswire· 2025-11-19 20:53
Core Viewpoint - aTyr Pharma, Inc. is facing intensified financial and legal pressures following disappointing third-quarter results and ongoing securities class action litigation [1][4]. Financial Performance - aTyr reported a GAAP EPS loss of -$0.26 for Q3, missing analyst estimates by $0.08 [2]. - Revenues for the quarter were $190,000, indicating a reliance on the clinical pipeline rather than commercial sales [2]. Clinical Developments - Management plans to meet with the U.S. FDA in Q1 2026 to discuss the Phase 3 EFZO-FIT study results and the future of efzofitimod in treating pulmonary sarcoidosis [3]. - The EFZO-FIT study did not meet its primary endpoint, leading to a significant drop in stock price [5]. Legal Issues - aTyr is involved in securities class action litigation alleging that the company misled investors about efzofitimod's efficacy [4][6]. - The class period for the lawsuit has been expanded to include investors who acquired shares from November 7, 2024, to September 12, 2025 [6]. - The litigation claims that aTyr's positive statements about the drug concealed deficiencies in its performance and trial design [7]. Market Reaction - Following the announcement that the EFZO-FIT study did not meet its primary endpoint, aTyr's stock fell over 83% in one day, from $6.03 to $1.02 [5].
INVESTOR ALERT: Investigation of Bitdeer Technologies Group (BTDR) Announced by Holzer & Holzer, LLC
Globenewswire· 2025-11-17 15:52
Core Insights - Holzer & Holzer, LLC is investigating Bitdeer Technologies Group for potential compliance issues with federal securities laws following a significant delay in the development of its second-generation SEAL04 chip, which was announced in the company's third-quarter financial results [1] - The announcement of the delay led to a drop in Bitdeer's stock price [1] Company Financials - Bitdeer reported its unaudited financial results for the third quarter ended September 30, 2025 [1] - The company indicated that the development of its SEAL04 chip is "significantly delayed" [1] Legal Context - Investors who purchased Bitdeer stock and experienced losses are encouraged to contact Holzer & Holzer for legal assistance [2] - Holzer & Holzer is recognized as a top-rated securities litigation law firm and has a history of recovering significant amounts for shareholders affected by corporate misconduct [3]
Contact Levi & Korsinsky by January 12, 2026 to Join Class Action Against Stride, Inc. (LRN)
Newsfile· 2025-11-17 14:06
Core Points - A class action securities lawsuit has been filed against Stride, Inc. to recover losses for shareholders affected by alleged securities fraud between October 22, 2024, and October 28, 2025 [2] - The lawsuit claims that Stride engaged in various fraudulent activities, including inflating enrollment numbers, cutting staffing costs, ignoring compliance requirements, suppressing whistleblowers, and losing enrollments [3] Company Details - Stride, Inc. is facing serious allegations of misconduct that could impact its reputation and financial standing [3] - The lawsuit highlights significant operational issues within Stride, including the retention of "ghost students" and non-compliance with educational regulations [3] Legal Proceedings - Shareholders who suffered losses during the specified time frame are encouraged to seek recovery, with no cost or obligation to participate in the lawsuit [4] - Levi & Korsinsky LLP, a recognized securities litigation firm, is representing the shareholders in this case, emphasizing their extensive experience and success in similar cases [5]
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Cytokinetics
Newsfile· 2025-11-16 13:28
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Cytokinetics, Incorporated due to misleading statements regarding the New Drug Application (NDA) for aficamten, which may have led to significant investor losses [2][5][7]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in Cytokinetics between December 27, 2023, and May 6, 2025, to discuss their legal rights [1][2]. - There is a deadline of November 17, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Cytokinetics [2]. Group 2: Misleading Statements - The complaint alleges that Cytokinetics made materially false and misleading statements about the NDA submission timeline and approval process for aficamten, expecting FDA approval in the second half of 2025 [5]. - The company failed to disclose risks related to not submitting a Risk Evaluation and Mitigation Strategy (REMS), which could delay the regulatory process [5][6]. Group 3: Impact on Investors - Following the revelation of the misleading statements, class members purchased Cytokinetics' common stock at inflated prices and subsequently suffered significant losses [7]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members [8].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of aTyr Pharma
Newsfile· 2025-11-16 13:22
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against aTyr Pharma, Inc. due to allegations of misleading statements regarding the efficacy of its drug efzofitimod, which led to significant financial losses for investors [2][5]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in aTyr between January 16, 2025, and September 12, 2025, to discuss their legal rights [1]. - There is a deadline of December 8, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against aTyr [2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [4]. Group 2: Allegations Against aTyr - The complaint alleges that aTyr and its executives violated federal securities laws by making false and misleading statements about efzofitimod, particularly regarding its ability to allow patients to taper steroid usage [5]. - In the EFZO-FIT study, efzofitimod showed no significant change in mean daily oral corticosteroid dose at week 48, with a reduction of 2.79 mg for the drug compared to 3.52 mg for placebo [6]. - Following the release of the study results, aTyr's stock plummeted by 83.25%, dropping from $6.03 to $1.01 [6]. Group 3: Class Action Details - The lead plaintiff in a class action is the investor with the largest financial interest who directs the litigation on behalf of the class [7]. - Any member of the class can move the court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [7]. Group 4: Call for Information - Faruqi & Faruqi encourages anyone with information regarding aTyr's conduct, including whistleblowers and former employees, to contact the firm [8].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Stride
Newsfile· 2025-11-16 13:10
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Stride, Inc. due to allegations of securities law violations, urging affected investors to contact them before the January 12, 2026 deadline for lead plaintiff applications in a federal class action lawsuit [2][5]. Group 1: Allegations Against Stride, Inc. - The complaint alleges that Stride and its executives made false or misleading statements and failed to disclose critical information regarding their products and services to educational institutions [5]. - Stride is accused of inflating enrollment numbers, cutting staff costs excessively, ignoring compliance requirements, and losing both existing and potential enrollments [5]. - A report indicated that the Gallup-McKinley County Schools Board of Education filed a complaint against Stride for fraud and deceptive practices, including retaining "ghost students" to secure state funding [6]. Group 2: Stock Price Impact - Following the allegations, Stride's stock price dropped by $18.60, or 11.7%, closing at $139.76 per share on September 15, 2025, negatively impacting investors [7]. - On October 28, 2025, Stride reported a deliberate limitation on enrollment growth and acknowledged "system implementation issues," leading to a significant drop in enrollments by approximately 10,000 to 15,000 [8]. - The stock price fell as much as 51% during intraday trading on October 29, 2025, further injuring investors [8].
FCX SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Freeport-McMoran
Newsfile· 2025-11-16 12:53
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. due to allegations of violations of federal securities laws related to safety issues at the Grasberg Block Cave mine in Indonesia, which resulted in significant investor losses [2][5]. Group 1: Allegations and Legal Actions - The complaint alleges that Freeport and its executives made false or misleading statements and failed to disclose safety inadequacies at the Grasberg Block Cave mine, which heightened risks of worker fatalities and regulatory issues [5]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with Faruqi & Faruqi [2][5]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg mine after an incident trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [6]. - Following the tragic update on September 24, 2025, that two trapped workers were fatally injured, Freeport's stock fell by $7.69, or 17%, closing at $37.67 per share [7]. - An article published on September 25, 2025, highlighted potential strains in Freeport's relationship with the Indonesian government, causing the stock to drop another $2.33, or 6.2%, to close at $35.34 [8]. Group 3: Expert Opinions and Class Action Details - An expert stated that the landslide incident at Freeport was preventable and should have been anticipated, raising concerns about the company's safety protocols [9]. - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against Freeport is January 12, 2026 [2].