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FRMI DEADLINE: Investigation Launched into Fermi Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
TMX Newsfile· 2026-02-09 17:20
Core Viewpoint - The Fermi Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding its Project Matador, leading to significant financial losses for investors following the termination of a key funding agreement [3][4]. Group 1: Class Action Lawsuit Details - The lawsuit is titled Lupia v. Fermi Inc., No. 26-cv-00050 (S.D.N.Y.), and it allows investors who purchased Fermi common stock during the IPO or the specified class period to seek appointment as lead plaintiff [1][6]. - The class period is defined as from October 1, 2025, to December 11, 2025, and investors have until March 6, 2026, to apply [1]. Group 2: Allegations Against Fermi - The lawsuit claims that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment [3]. - It is alleged that there was a significant risk of the tenant terminating its funding commitment, which was not disclosed to investors [3]. Group 3: Financial Impact - Following the announcement that the first tenant for Project Matador terminated a $150 million funding agreement, Fermi's stock price fell nearly 34% [4]. - The stock price has reportedly traded as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [5]. Group 4: Company Background - Fermi Inc. is described as an energy and AI infrastructure company that conducted its IPO in October 2025, selling 37,375,000 shares at $21.00 each [2].
Law Offices of Frank R. Cruz Encourages China Liberal Education Holdings Limited (CLEUF) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-09 17:08
Core Viewpoint - A class action lawsuit has been filed against China Liberal Education Holdings Limited (CLEU) due to allegations of securities fraud during a specific class period, with significant financial losses reported by investors [1][5]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of shareholders who acquired CLEU securities between January 22, 2025, and January 30, 2025, with a deadline for filing a lead plaintiff motion set for March 31, 2026 [1]. - The lawsuit alleges that CLEU made materially false and misleading statements and failed to disclose adverse facts about its business and operations, including involvement in a pump-and-dump scam [5]. Group 2: Financial Impact - On January 29, 2025, CLEU reported 240,000,000 previously undisclosed exchanged shares, leading to a drastic stock price drop from $7.75 to $0.148 per share, representing a 98.1% loss [3]. - Following these events, CLEU was delisted by NASDAQ in June 2025 [4].
Law Offices of Frank R. Cruz Encourages Picard Medical, Inc. (PMI) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-09 17:06
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Picard Medical, Inc. ("Picard†or the "Company†) (NYSE: PMI) securities between September 2, 2025 and October 31, 2025, inclusive (the "Class Period†). Picard investors have until April 3, 2026 to file a lead plaintiff motion. On October 23, 2025, during aftermarket trading hours, Picard's stock crashed abruptly, plunging approxi ...
Bronstein, Gewirtz & Grossman LLC Urges PomDoctor, Ltd. Investors to Act: Class Action Filed Alleging Investor Harm
Globenewswire· 2026-02-09 17:00
NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against PomDoctor, Ltd. (NASDAQ: POM) and certain of its officers. This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired PomDoctor securities between October 9, 2025 and December 11, 2025, both dat ...
Bronstein, Gewirtz & Grossman LLC Urges BlackRock TCP Capital Corp. Investors to Act: Class Action Filed Alleging Investor Harm
Globenewswire· 2026-02-09 17:00
Core Viewpoint - A class action lawsuit has been filed against BlackRock TCP Capital Corp. and certain officers for alleged violations of federal securities laws during the Class Period from November 6, 2024, to January 23, 2026 [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased BlackRock securities during the specified Class Period [2]. - Allegations include that the defendants made false or misleading statements and failed to disclose critical information regarding the company's investments and portfolio restructuring efforts [3]. - Specific claims include that the company's investments were not valued appropriately, unrealized losses were understated, and the net asset value (NAV) was overstated [3]. Group 2: Next Steps for Investors - Investors wishing to join the lawsuit must request to be appointed as lead plaintiff by April 6, 2026, although participation in any recovery does not require serving as lead plaintiff [4]. - A copy of the complaint can be reviewed on the law firm's website [4]. Group 3: Legal Representation - Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5]. - The firm has a strong track record, having recovered hundreds of millions of dollars for investors in similar cases [6].
KD INVESTIGATION ALERT: Kyndryl Holdings, Inc. is being Investigated for Securities Fraud by BFA Law after Accounting Review and CFO Exit Lead to 53% Stock Drop
Businesswire· 2026-02-09 16:59
Core Viewpoint - Kyndryl Holdings, Inc. is under investigation for potential securities fraud following a significant stock drop of over 52% due to an accounting review and the departure of key executives [1][1][1] Group 1: Investigation Details - The investigation is being conducted by Bleichmar Fonti & Auld LLP to determine if Kyndryl misrepresented its cash management practices and the drivers of its adjusted free cash flow metric [1][1] - The inquiry focuses on Kyndryl's internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [1][1] Group 2: Stock Performance - Kyndryl's stock price fell by more than 52% on February 9, 2026, following the announcement of a delay in the release of its fiscal Q3 2026 financial statement due to an accounting review [1][1] - The stock drop was exacerbated by the immediate departures of the CFO and General Counsel [1][1]
SLM Corporation a/k/a Sallie Mae (SLM) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud Lawsuit
TMX Newsfile· 2026-02-09 15:21
Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) on behalf of investors who acquired its securities during the specified Class Period, alleging misleading information regarding loan delinquencies [1][3]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period from July 25, 2025, to August 14, 2025, Sallie Mae misled investors about the state of its loan delinquencies, asserting that increases were typical seasonal patterns while downplaying the severity of the situation [3]. - Investors became aware of the true condition of Sallie Mae's loan portfolio following a report from TD Cowen on August 14, 2025, which indicated a 49-basis-point month-over-month increase in delinquencies for July, surpassing seasonal norms [4]. - Following the revelation of this information, Sallie Mae's stock price fell by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4]. Group 2: Investor Information - Investors who purchased Sallie Mae securities during the Class Period have until February 17, 2026, to seek appointment as lead plaintiff representatives of the class [2].
NASDAQ: VRNS CLASS ACTION NOTICE: Berger Montague Encourages Varonis Systems, Inc. (VRNS) Investors to Inquire About a Securities Fraud Class Action
TMX Newsfile· 2026-02-09 15:06
Philadelphia, Pennsylvania--(Newsfile Corp. - February 9, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against Varonis Systems, Inc. (NASDAQ: VRNS) ("Varonis" or the "Company") on behalf of investors who purchased or otherwise acquired Varonis securities during the period of February 4, 2025 through October 28, 2025 (the "Class Period").Investor Deadline: Investors who purchased Varonis securities during the Class Period may, no later than Ma ...
ATTENTION FERMI INC. (FRMI) SHAREHOLDERS: Securities Fraud Lawsuit Filed Against Fermi Inc.
TMX Newsfile· 2026-02-09 14:41
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. by Berger Montague PC on behalf of investors who acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025, including its initial public offering on October 1, 2025 [1][2]. Company Overview - Fermi Inc. is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by nuclear, natural gas, solar, and battery energy [2]. Lawsuit Allegations - The lawsuit claims that during the Class Period, Fermi misled investors about tenant demand for its Project Matador AI campus and the status of funding for that project [3]. - It is alleged that the construction financing for Project Matador was contingent on a single tenant's funding commitment, and there was a significant risk that this tenant could withdraw support, leading to public statements lacking a reasonable basis [3].
RIG Stock Alert: Halper Sadeh LLC is Investigating Whether Transocean Ltd. is Obtaining a Fair Deal for its Shareholders
Businesswire· 2026-02-09 14:35
Core Viewpoint - Halper Sadeh LLC is investigating the merger between Transocean Ltd. and Valaris Limited, focusing on the rights of Transocean shareholders and potential violations of federal securities laws by the company's board of directors [1][2]. Group 1: Merger Details - Upon completion of the proposed merger, Transocean shareholders will own approximately 53% of the combined company [1]. Group 2: Legal Investigation - The investigation is centered on whether Transocean and its board violated federal securities laws and breached fiduciary duties by failing to secure the best possible consideration for shareholders, conduct a fair sales process, and disclose all material information necessary for shareholders to evaluate the transaction [2]. Group 3: Potential Actions - Halper Sadeh LLC may seek increased consideration, additional disclosures, or other forms of relief and benefits for shareholders [3].