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Shareholder Alert: The Ademi Firm investigates whether Akero Therapeutics Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswireยท 2025-10-09 15:00
Group 1 - Akero shareholders will receive $54.00 per share, equating to an equity value of approximately $4.7 billion [2] - Shareholders are entitled to a contingent value right for an additional $6.00 per share if Akero's drug efruxifermin receives full U.S. regulatory approval by June 30, 2031 [2] - Akero insiders will benefit significantly from change of control arrangements as part of the transaction [2] Group 2 - The transaction agreement imposes a significant penalty on Akero for accepting competing bids, which raises concerns about the board's fiduciary duties [3] - An investigation is underway regarding the conduct of Akero's board of directors in relation to their obligations to shareholders [3] - The Ademi Firm specializes in shareholder litigation related to buyouts, mergers, and individual shareholder rights [3]
INVESTOR DEADLINE NEXT WEEK: Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - CHTR
Prnewswireยท 2025-10-07 10:00
Core Viewpoint - The Charter Communications class action lawsuit alleges that the company and its executives made misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) ending, which affected customer declines and revenue growth [4][5]. Group 1: Lawsuit Details - The class action lawsuit is titled Sandoval v. Charter Communications, Inc., No. 25-cv-06747 (S.D.N.Y.) and involves purchasers or acquirers of Charter Communications securities from July 26, 2024, to July 24, 2025 [1]. - Investors have until October 14, 2025, to seek appointment as lead plaintiff in the lawsuit [2][6]. Group 2: Allegations Against Charter Communications - The lawsuit claims that Charter Communications failed to manage the impact of the ACP ending, which led to a decline in Internet customers and revenue [4]. - It is alleged that the company did not execute broader operations effectively to compensate for the ACP's end, resulting in greater risks to business plans and earnings growth than reported [4]. - The lawsuit highlights that Charter Communications had no reasonable basis for optimistic statements regarding its operations and EBITDA growth [4]. Group 3: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, indicating a growth of 0.5%, alongside a loss of 117,000 Internet customers, which included approximately 50,000 disconnects due to the ACP's end [5]. - Following this announcement, Charter Communications' stock price fell by more than 18% [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been ranked 1 in securing monetary relief for investors in securities class action cases for four out of the last five years [7].
Shareholder Alert: The Ademi Firm investigates whether Comerica Incorporated is obtaining a Fair Price for its Public Shareholders
Prnewswireยท 2025-10-06 16:15
Group 1 - The Ademi Firm is investigating Comerica for possible breaches of fiduciary duty and other legal violations related to its transaction with Fifth Third [1] - Comerica shareholders will receive 0.18663 shares of Fifth Third for each Comerica share, equating to $82.88 per share based on Fifth Third's closing stock price on October 3, 2025 [2] - Following the transaction, Fifth Third shareholders will own approximately 73% of the combined company, while Comerica shareholders will own about 27% [2] - The transaction agreement imposes significant penalties on Comerica for accepting competing bids, raising concerns about the board's fulfillment of fiduciary duties to shareholders [3]
Shareholder Alert: The Ademi Firm investigates whether Heidrick & Struggles International Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswireยท 2025-10-06 15:45
Core Viewpoint - Heidrick is under investigation for potential breaches of fiduciary duty and other legal violations related to its transaction with Advent and Corvex, which involves a significant all-cash buyout offer [1][2]. Group 1: Transaction Details - Shareholders of Heidrick will receive $59.00 per share in an all-cash transaction valued at approximately $1.3 billion [2]. - The transaction agreement includes provisions that unreasonably limit competing offers for Heidrick, imposing a significant penalty if a competing bid is accepted [2]. Group 2: Board Conduct - The investigation focuses on the conduct of the Heidrick board of directors to determine if they are fulfilling their fiduciary duties to all shareholders [2].
CHTR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Globenewswireยท 2025-09-28 17:40
Core Viewpoint - The article discusses a class action lawsuit against Charter Communications, alleging violations of the Securities Exchange Act of 1934 due to misleading statements and failure to disclose significant impacts on the company's performance related to the end of the Federal Communications Commission's Affordable Connectivity Program [1][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Sandoval v. Charter Communications, Inc., and it involves purchasers or acquirers of Charter Communications securities from July 26, 2024, to July 24, 2025 [1]. - Investors have until October 14, 2025, to seek appointment as lead plaintiff in the lawsuit [2][6]. - The lawsuit alleges that Charter Communications and its executives made false statements regarding the company's ability to manage the impact of the Affordable Connectivity Program's end, which affected customer retention and revenue [4]. Group 2: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, indicating a growth of 0.5% [5]. - The company experienced a decline of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the end of the Affordable Connectivity Program [5]. - Following the financial results announcement, Charter Communications' stock price fell by more than 18% [5]. Group 3: Company Background - Charter Communications operates as a broadband connectivity and cable operator, serving both residential and commercial customers [3]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the investors, is recognized for its significant recoveries in securities fraud cases, having recovered over $2.5 billion for investors in 2024 alone [7].
Kuehn Law Encourages Investors of Hims & Hers Health, Inc. to Contact Law Firm
Prnewswireยท 2025-09-24 18:13
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Hims & Hers Health, Inc. related to misleading statements and actions that may have jeopardized shareholder interests [1]. Group 1: Allegations Against Hims & Hers Health, Inc. - Insiders at Hims & Hers Health allegedly misrepresented or failed to disclose involvement in the deceptive promotion and sale of illegitimate versions of Wegovy, which posed risks to patient safety [1]. - There is a substantial risk that the company's collaboration with Novo Nordisk could be terminated due to these actions [1]. - Positive statements regarding the company's business, operations, and prospects were claimed to be materially misleading and lacked a reasonable basis [1].
Kuehn Law Encourages Investors of Sarepta Therapeutics, Inc. to Contact Law Firm
Prnewswireยท 2025-09-24 18:10
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Sarepta Therapeutics, Inc. related to the misrepresentation of safety risks associated with the ELEVIDYS treatment [1] Group 1: Allegations Against Sarepta Therapeutics - Insiders at Sarepta Therapeutics allegedly caused the company to misrepresent or fail to disclose significant safety risks posed by the ELEVIDYS treatment [1] - The trial regimes and protocols for ELEVIDYS reportedly failed to detect severe side effects, leading to concerns about patient safety [1] - The severity of adverse events from ELEVIDYS treatment may result in the company halting recruitment and dosing in trials, attracting regulatory scrutiny, and increasing risks around the therapy's approvals [1] - Insiders are accused of materially misleading stakeholders and lacking a reasonable basis for their positive statements regarding ELEVIDYS [1]
Shareholder Alert: The Ademi Firm investigates whether Semler Scientific Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswireยท 2025-09-22 17:40
Core Insights - The Ademi Firm is investigating Semler Scientific for potential breaches of fiduciary duty and other legal violations related to its transaction with Strive [1][3] - Shareholders of Semler Scientific will receive 21.05 Class A common shares of Strive, valued at approximately $90.52 per share based on trading prices as of September 19, 2025 [2] - The transaction agreement restricts competing offers for Semler Scientific by imposing significant penalties for accepting alternative bids, raising concerns about the board's fiduciary responsibilities [3]
Shareholder Alert: The Ademi Firm investigates whether Metsera Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswireยท 2025-09-22 14:00
Core Points - Metsera (Nasdaq: MTSR) is involved in a transaction with Pfizer, where shareholders will receive $47.50 per share, resulting in an enterprise value of approximately $4.9 billion [2][3] - The transaction agreement includes provisions that significantly limit competing offers for Metsera, imposing penalties if a competing bid is accepted [3] Investigation Details - The Ademi Firm is investigating potential breaches of fiduciary duty by Metsera's board of directors regarding their responsibilities to shareholders in light of the transaction with Pfizer [1][3] - The investigation focuses on whether the board is acting in the best interests of all shareholders, given the substantial benefits insiders will receive from change of control arrangements [2][3]
Kuehn Law Encourages Investors of Tempus AI, Inc. to Contact Law Firm
Prnewswireยท 2025-09-19 17:35
Core Viewpoint - Kuehn Law is investigating potential breaches of fiduciary duties by officers and directors of Tempus AI, Inc. regarding the company's representation as an AI firm despite limited revenue generation from AI solutions [1] Company Overview - Tempus AI primarily generates revenue from acquisitions, genomic testing, and data licensing agreements rather than from AI solutions [1] - The company has emphasized its relationship with AstraZeneca, citing it as a long-term customer and an example of secure and expanding data licensing agreements [1] Recent Developments - Tempus announced an expanding contract with AstraZeneca through a joint venture involving Pathos AI, indicating efforts to enhance revenue growth [1] - A joint venture with SoftBank was also announced, aimed at entering the Japanese market to drive revenue growth [1] - The acquisition of Ambry Genetics is highlighted, with claims of high revenue potential attributed to strong relationships with healthcare providers [1]