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DRVN Investor Alert: Driven Brands Holdings Inc. Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Allegedly Concealing Pervasive Accounting Errors: Levi & Korsinsky
Prnewswire· 2026-03-18 13:00
Core Viewpoint - A securities class action has been filed against Driven Brands Holdings Inc. due to alleged concealment of significant accounting errors that led to a nearly 40% drop in share price after the company disclosed material errors in its financial statements [1][2]. Financial Discrepancies - Driven Brands' financial statements from fiscal years 2023 and 2024 contained material errors, including an unreconciled cash balance that inflated reported cash positions and revenue figures for nearly three years [3][7]. - The company overstated revenue and cash while understating operating expenses, which misled investors regarding the company's financial health [3][4]. Misleading Financial Reporting - The lawsuit claims that the company presented a narrative of revenue growth in its SEC filings, reporting increases of 20%, 19%, and 12% in quarterly reports, despite the underlying figures being based on unreconciled accounts [4][5]. - As late as November 2025, the company certified that its disclosure controls were effective, only to admit less than four months later that these controls were not effective and material weaknesses existed [5][8]. Specific Errors Identified - The lawsuit outlines ten categories of financial statement errors, including improperly recognized revenue, income tax provision errors, and misclassified expenses that obscured the true cost structure [7]. - Lease recording errors distorted over $1.3 billion in right-of-use assets on the consolidated balance sheet, further complicating the financial picture presented to investors [7]. Implications and Concerns - PricewaterhouseCoopers LLP concluded that the company's financial statements and internal controls should not be relied upon, raising questions about the timeline of when risks were known internally versus when they were disclosed to the public [8].
CWH Investor Alert: Camping World Holdings, Inc. Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Management Allegedly Concealed Inventory Risks: Levi & Korsinsky
Prnewswire· 2026-03-18 13:00
CWH Investor Alert: Camping World Holdings, Inc. Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Management Allegedly Concealed Inventory Risks: Levi & Korsinsky Accessibility StatementSkip NavigationThe Red Flags: What Insiders Allegedly Knew Before Shareholders DidNEW YORK, March 18, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP announces that a securities class action has been filed against Camping World Holdings, Inc. (NYSE: CWH).YOU MAY BE AFFECTED IF YOU:Lost mone ...
Lost Money on Ramaco Resources, Inc. (METC)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2026-03-18 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Ramaco Resources, Inc. (NASDAQ: METC) due to alleged securities fraud affecting investors between July 31, 2025, and October 23, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements and concealed significant information regarding the Brook Mine, including the lack of any substantial mining activity and overstated development progress [3]. - The allegations suggest that the positive statements made by the defendants about the Company's business and prospects were materially misleading and lacked a reasonable basis [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until March 31, 2026, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].
Shareholders that lost money on Beyond Meat, Inc.(BYND) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
Prnewswire· 2026-03-18 13:00
Shareholders that lost money on Beyond Meat, Inc.(BYND) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More Accessibility StatementSkip NavigationNEW YORK, March 18, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Beyond Meat, Inc. ("Beyond Meat, Inc." or the "Company") (NASDAQ: BYND) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Beyond Meat, Inc. investors who were adversely affected by alleged securities fraud betwe ...
LEVI & KORSINSKY, LLP: LAKELAND'S $46M OFFERING ALLEGEDLY CONCEALED ACQUISITION RISKS
Prnewswire· 2026-03-18 13:00
Core Viewpoint - Lakeland Industries, Inc. is facing a securities class action lawsuit alleging that its January 2025 public offering of shares was conducted under misleading circumstances, resulting in significant financial losses for investors [1][2]. Group 1: Offering Details - Lakeland raised approximately $46 million through an underwritten public offering of 2,093,000 shares at $22.00 per share in January 2025 [2]. - By December 10, 2025, the share price had declined to $9.16, representing a loss of over 58% from the offering price, equating to a loss of $12.84 per share for those who participated in the offering [2]. Group 2: Allegations of Misrepresentation - The lawsuit claims that the offering occurred while Lakeland's stock price was artificially inflated due to misleading statements regarding the performance and prospects of its acquisitions, specifically Pacific Helmets and Jolly [2][3]. - At the time of the offering, Lakeland had already reported a revenue miss in Q2 FY2025, attributing the shortfall to "shipment timing" and delayed orders from Jolly, yet continued to affirm adjusted EBITDA guidance of $18 million to $21.5 million for FY2025 [3]. Group 3: Misleading Information - Investors were allegedly not adequately informed of adverse conditions affecting the company, including: - Adjusted EBITDA for FY2025 was only $17.4 million, below the lower end of guidance [5]. - The FY2026 guidance was ultimately withdrawn entirely [5]. - The integration benefits from the SSQ M&A strategy were not being realized as promised [5]. - The rollout of new products from Pacific Helmets and Jolly was significantly slower than represented [5]. - There were significant shipping delays and production issues at both Pacific Helmets and Jolly [5]. Group 4: Legal Context - The lawsuit is based on violations of Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, which prohibit making untrue statements of material facts or omitting necessary facts that could mislead investors [2][6].
AQST Investor Alert: AQUESTIVE THERAPEUTICS, INC. Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Analyst Slashed Price Target: Levi & Korsinsky
Prnewswire· 2026-03-18 13:00
Core Viewpoint - The article discusses the significant decline in the stock price of Aquestive Therapeutics, Inc. (AQST) following a downgrade by Cantor, which reduced its price target from $15 to $8 due to concerns over the FDA's review process for its product Anaphylm, leading to potential delays and substantial losses for investors [1][6]. Group 1: Stock Performance and Analyst Reactions - AQST shares fell from $6.21 to $3.91, a loss of $2.30 per share, after the FDA identified deficiencies in its Anaphylm NDA [2]. - Analysts had previously built their models on management's assurances of a timely FDA approval, which were later contradicted by the FDA's findings [2][3]. - The rapid reassessment by analysts following the January 9 disclosure highlights a critical disconnect between management's portrayal of the FDA review and the actual deficiencies flagged by the FDA [3][5]. Group 2: Implications for Investors - The downgrades by analysts reflect the market's reliance on management's statements regarding FDA progress, leading to significant investor losses when those statements proved inconsistent with the FDA's findings [4][5]. - Oppenheimer's report indicated that the situation could lead to a worst-case scenario where shares might drop below cash value, depending on the FDA's considerations [6]. - The lead plaintiff deadline for investors seeking to recover losses is set for May 4, 2026 [7].
INVESTOR DEADLINE: Gartner, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces
Businesswire· 2026-03-18 12:08
Core Viewpoint - The Gartner class action lawsuit alleges that the company and its executives made misleading statements regarding its contract value growth potential and consulting segment revenue outlook, leading to significant stock price declines following disappointing earnings announcements [3][4][5]. Allegations - The lawsuit claims that Gartner created a false impression of reliable information regarding its contract value growth and minimized risks from seasonality and macroeconomic fluctuations [3]. - It is alleged that Gartner misrepresented the improvement in the environment for tariff-impacted companies, suggesting continued growth opportunities that did not materialize [3]. - The lawsuit highlights that Gartner's non-federal contract value growth fell below expectations, particularly as its consulting segment revenue declined [3]. Financial Impact - On August 5, 2025, Gartner reported a decline in overall contract value growth from 7% to 5% and a drop in ex-federal contract value growth from 8% to 6%, resulting in a stock price drop of over 27% [4]. - On February 3, 2026, Gartner announced a further decline in contract value growth by an additional 2%, alongside a significant shortfall in its consulting segment performance, leading to a nearly 21% drop in stock price [5]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Gartner common stock during the class period to seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [6]. - The lead plaintiff can select a law firm of their choice to litigate the case, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [8]. Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [9].
SMR Court Notice: NuScale Power Securities Fraud Class Action Focuses on ENTRA1 Issues – Investors Alerted to Contact BFA Law before Upcoming Deadline
Globenewswire· 2026-03-18 10:36
Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1]. Group 1: Lawsuit Details - Investors have until April 20, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Oregon [4]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in NuScale Class A common stock [4][10]. Group 2: Allegations Against NuScale - NuScale is accused of misrepresenting the capabilities and experience of ENTRA1 Energy LLC, which was supposed to construct power generation facilities using NuScale's technology [5][10]. - ENTRA1 was portrayed as an experienced independent power plant development platform, but it allegedly had no significant experience in building or operating nuclear power projects [6][7]. Group 3: Stock Performance Impact - On November 6, 2025, NuScale reported a dramatic increase in general and administrative expenses from $17 million to $519 million, primarily due to a $495 million payment to ENTRA1 [8]. - Following the disclosure of ENTRA1's lack of experience, NuScale's stock dropped by $4.03 per share, or over 12.4%, from $32.46 to $28.43 within two trading days [8].
PLUG Court Notice: Plug Power Securities Fraud Class Action Focuses on DOE Funding Issues – Investors Alerted to Contact BFA Law before Upcoming Deadline
Globenewswire· 2026-03-18 10:36
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][4]. Group 1: Lawsuit Details - Investors have until April 3, 2026, to request to lead the case, which is pending in the U.S. District Court for the Northern District of New York [4][10]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Plug Power investors [4]. Group 2: Allegations Against Plug Power - Plug Power is accused of materially overstating the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance hydrogen production facilities [5]. - The company provides hydrogen fuel cell solutions and develops infrastructure for hydrogen production [5]. Group 3: Stock Performance and Impact - Plug Power's stock dropped 6.3% on October 7, 2025, following the abrupt departure of its CEO and President, falling from $4.13 to $3.87 per share [6]. - On November 10, 2025, the stock fell 3.4% after the company announced the suspension of activities under the DOE loan program, dropping from $2.65 to $2.56 per share [7]. - A further 17.6% decline occurred on November 14, 2025, after reports confirmed the suspension of plans to construct hydrogen facilities, with the stock price decreasing from $2.49 to $2.25 per share [8].
DRVN Court Notice: Driven Brands Securities Fraud Class Action Focuses on Financial Restatements – Investors Alerted to Contact BFA Law before Upcoming Deadline
Globenewswire· 2026-03-18 10:35
Core Viewpoint - A class action lawsuit has been filed against Driven Brands Holdings Inc. for securities fraud due to significant accounting errors and internal control failures, resulting in a nearly 40% drop in stock price [1][4][10]. Company Overview - Driven Brands is an automotive aftermarket services company that operates and franchises various vehicle maintenance and repair brands [5]. Allegations - The lawsuit claims that Driven Brands misled investors by asserting the accuracy of its financial reporting and the effectiveness of its internal controls, despite suffering from pervasive accounting errors from fiscal years 2023 to 2025 [6][5]. Financial Impact - On February 25, 2026, Driven Brands announced it would restate its financial statements for fiscal years 2023 and 2024, as well as for 2025, due to numerous material accounting errors, leading to a stock price decline from $16.61 to $9.99, a drop of nearly 40% [7][8]. Legal Proceedings - Investors have until May 8, 2026, to seek appointment as lead plaintiffs in the case, which is pending in the U.S. District Court for the Southern District of New York [4][10].