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Plug Power Inc. (NASDAQ:PLUG) Accused of Securities Fraud after Stock Drops 33% -- Contact BFA Law before April 3
Globenewswire· 2026-02-07 12:05
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][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of New York, titled Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. - Investors have until April 3, 2026, to request to be appointed to lead the case [3]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Plug Power investors [3]. Group 2: Company Background - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. - The company announced a $1.66 billion loan guarantee from the U.S. Department of Energy to finance the construction of hydrogen production projects [4]. Group 3: Stock Performance and Events - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the abrupt departure of its CEO and President, from $4.13 to $3.87 per share [5]. - On November 10, 2025, the company suspended activities under the DOE loan program, leading to a further stock drop of $0.09 per share (3.4%), from $2.65 to $2.56 per share [6]. - A report on November 13, 2025, confirmed the suspension of plans to construct hydrogen production facilities, resulting in a stock decline of $0.48 per share (17.6%), from $2.49 to $2.25 per share [7].
BellRing Brands (NYSE:BRBR) CEO Departs – Company Accused of Securities Fraud after Stock Drops 33% – Contact BFA Law before March 23
Globenewswire· 2026-02-07 11:48
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. and its senior executives for securities fraud following a significant drop in stock price attributed to potential violations of federal securities laws [1][2]. Company Overview - BellRing Brands, Inc. specializes in developing, marketing, and selling "convenient nutrition" products, primarily known for its ready-to-drink protein shakes under the Premier Protein brand [3]. Allegations of Securities Fraud - The lawsuit claims that BellRing misrepresented its sales growth as being driven by increased consumer demand, while in reality, sales were inflated due to key customers stockpiling inventory. The company downplayed competitive pressures and claimed a strong market position, which was later contradicted by actual demand trends [3]. Stock Price Decline - On May 6, 2025, BellRing's CFO disclosed that several key retailers had reduced their inventory levels, leading to a projected mid-single-digit decline in sales growth for Q3. This announcement resulted in a 19% drop in stock price, from $78.43 to $63.55 per share [4]. - Following the release of Q3 2025 financial results on August 4, 2025, and a narrowed fiscal outlook due to increased competition, the stock price fell nearly 33%, from $53.64 to $36.18 per share on August 5, 2025 [5][6].
MREO Investors Have Opportunity to Lead Mereo BioPharma Group plc Securities Fraud Lawsuit
Prnewswire· 2026-02-07 11:00
Core Viewpoint - A class action lawsuit has been filed against Mereo BioPharma Group plc for misleading statements regarding its Phase 3 clinical programs, potentially affecting investors who purchased American Depositary Shares between June 5, 2023, and December 26, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Mereo BioPharma made false or misleading statements about the Phase 3 ORBIT and COSMIC programs, which did not meet their primary endpoints of reducing annualized clinical fracture rates compared to control groups [5]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Investors wishing to join the class action can do so by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by April 6, 2026, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements, ranking highly in the industry since 2013 [4].
STKL Stock Alert: Halper Sadeh LLC is Investigating Whether SunOpta Inc. is Obtaining a Fair Price for its Shareholders
Businesswire· 2026-02-07 01:58
Core Viewpoint - Halper Sadeh LLC is investigating the sale of SunOpta Inc. to Refresco for $6.50 per share in cash, focusing on potential violations of federal securities laws and fiduciary duties by SunOpta's board [1][2]. Group 1: Investigation Details - The investigation concerns whether SunOpta and its board failed to obtain the best possible price for shareholders [2]. - It also examines if the sales process was conducted fairly and free of conflicts of interest [2]. - Additionally, the investigation looks into whether all material information was disclosed to shareholders for evaluating the transaction [2]. Group 2: Legal Representation - Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief for shareholders [3]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [3]. Group 3: Firm Background - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having recovered millions for defrauded investors [4].
BYND SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Beyond Meat, Inc. Investors - Contact Kirby McInerney LLP by March 24, 2026
Globenewswire· 2026-02-06 23:00
Core Viewpoint - The lawsuit against Beyond Meat, Inc. is centered on allegations of securities fraud related to the company's financial disclosures and impairment charges during a specified class period [4]. Group 1: Lawsuit Details - The lawsuit has been filed on behalf of investors who purchased securities from February 27, 2025, to November 11, 2025, alleging that the book value of long-lived assets exceeded their fair value, leading to a likely material non-cash impairment charge [4]. - Beyond Meat reported preliminary financial results for Q3 2025 on October 24, 2025, indicating an expected non-cash impairment charge, which caused shares to decline by approximately 22.89% to close at $2.19 [5]. - On November 3, 2025, the company delayed its earnings announcement for Q3 2025, resulting in a further decline of approximately 16.27% in share price to close at $1.39 [6]. - The financial results for Q3 2025 were officially announced on November 10, 2025, showing a loss from operations of $112.3 million, including a $77.4 million non-cash impairment charge, leading to an 8.96% drop in share price to $1.22 [7]. - On November 11, 2025, Beyond Meat disclosed the allocation of the total impairment amount of $77.4 million, which caused shares to fall an additional 8.61% to close at $1.12 [8]. Group 2: Investor Actions - Investors who suffered losses on their Beyond Meat investments have until March 24, 2026, to request lead plaintiff appointment, which is crucial for overseeing the litigation and influencing key decisions [2]. - The law firm Kirby McInerney LLP is encouraging affected investors to contact them to discuss their rights or interests in the securities fraud class action lawsuit at no cost [1][10].
INVESTOR ALERT: CoreWeave, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-02-06 21:30
Core Viewpoint - The article discusses a class action lawsuit against CoreWeave, Inc. for alleged violations of the Securities Exchange Act of 1934, involving misleading statements and failure to disclose critical information regarding the company's operations and financial health [1][3]. Company Allegations - CoreWeave is accused of overstating its ability to meet customer demand and underestimating risks associated with reliance on a single third-party data center supplier, which could negatively impact revenue [3]. - The lawsuit highlights a significant deal worth up to $11.9 billion with OpenAI announced shortly before CoreWeave's IPO, and a subsequent acquisition of Core Scientific, a major digital infrastructure operator [2]. Impact on Stock Price - Following the announcement that Core Scientific did not receive enough shareholder votes to approve its merger with CoreWeave, the stock price fell by over 6% [4]. - CoreWeave's lowered revenue guidance due to delays from a third-party data center provider led to a further decline of more than 16% in share price [5]. - An article from The Wall Street Journal revealed more severe data center delivery issues than previously acknowledged, resulting in an additional 3.4% drop in CoreWeave's stock price [6]. Legal Process - Investors who purchased CoreWeave securities during the specified class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of all class members [7]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff is not required to share in any potential recovery [8]. Firm Background - Robbins Geller Rudman & Dowd LLP is a leading firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone, and a total of $8.4 billion over the past five years [9].
Ramaco Resources, Inc. (METC) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2026-02-06 21:02
Core Viewpoint - The Law Offices of Howard G. Smith is announcing a class action lawsuit against Ramaco Resources, Inc. for securities fraud, allowing investors with significant losses to lead the case [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that from July 31, 2025, to October 23, 2025, Ramaco failed to disclose critical information regarding the Brook Mine, including the lack of significant mining activity and active work, leading to an overstatement of development progress [3]. - The complaint states that the positive statements made by the Company about its business and operations were materially misleading and lacked a reasonable basis due to the undisclosed issues at the Brook Mine [3]. Group 2: Participation Information - Investors who suffered losses in Ramaco Resources are encouraged to contact the Law Offices of Howard G. Smith before March 31, 2026, to participate in the ongoing lawsuit [2][4]. - Interested parties can reach out via email, phone, or the law firm's website for more information regarding their rights and the class action [4].
Scott+Scott Attorneys at Law LLP Alerts Investors of Its Investigation into Hub Group, Inc. (HUBG)
TMX Newsfile· 2026-02-06 21:01
Core Viewpoint - Hub Group, Inc. is under investigation for potentially issuing misleading statements and failing to disclose material information, which may have violated federal securities laws [1]. Group 1: Company Overview - Hub Group is a transportation and logistics management company [2]. Group 2: Financial Results and Stock Performance - On February 5, 2026, Hub Group announced a delay in the release of its fourth quarter and full year 2025 financial results, along with a restatement of its financial statements for the first three quarters of 2025 [2]. - Following this announcement, Hub Group's stock price experienced a significant drop, falling as much as 27% during trading on February 6, 2026 [2]. Group 3: Legal Investigation - Scott+Scott Attorneys at Law LLP is investigating the impact of the stock drop on investors, indicating potential significant losses for those holding Hub Group common stock [5]. - The investigation aims to determine if there are potential claims against Hub Group for the financial losses incurred by investors [5].
FFIV Deadline: FFIV Investors Have Opportunity to Lead F5, Inc. Securities Fraud Lawsuit
Prnewswire· 2026-02-06 20:47
Core Viewpoint - F5, Inc. is facing a securities fraud lawsuit, with a lead plaintiff deadline set for February 17, 2026, for investors who purchased securities during the class period from October 28, 2024, to October 27, 2025 [1] Company Overview - F5, Inc. is alleged to have misrepresented its revenue outlook and growth potential during the class period, creating a false impression of stability and minimizing risks associated with seasonality and macroeconomic factors [1] - The lawsuit claims that F5's optimistic statements about its security capabilities were misleading, as the company was experiencing a significant security incident that jeopardized its clients' security and future prospects [1] Legal Context - The Rosen Law Firm is leading the class action, emphasizing its experience and success in securities class actions, having recovered hundreds of millions for investors, including over $438 million in 2019 [1] - Investors who purchased F5 securities during the specified class period may be entitled to compensation without upfront costs, through a contingency fee arrangement [1]
BBWI Deadline Alert: Kessler Topaz Meltzer & Check, LLP Reminds Investors of March 16, 2026 Deadline in Securities Fraud Class Action Lawsuit Against Bath & Body Works, Inc. (BBWI)
Globenewswire· 2026-02-06 17:58
Core Viewpoint - A securities fraud class action lawsuit has been filed against Bath & Body Works, Inc. for alleged material misstatements and omissions affecting investors who purchased securities between June 4, 2024, and November 19, 2025 [1][6]. Group 1: Allegations and Impact - The lawsuit claims that Bath & Body Works made materially false and misleading statements regarding its business strategy and financial performance during the Class Period [2]. - Specific allegations include the failure to disclose that the company's strategy of pursuing "adjacencies, collaborations and promotions" was not effectively growing the customer base or delivering the expected net sales growth [2]. - It is alleged that as the company's strategy faltered, it relied on brand collaborations to mask weak financial results, leading to an inability to meet previously issued financial guidance [2]. Group 2: Legal Process and Participation - Investors affected by the alleged fraud can seek to be appointed as lead plaintiffs by March 16, 2026, or remain absent class members [4]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [4]. - The law firm Kessler Topaz Meltzer & Check, LLP is encouraging affected investors to contact them for more information regarding the lawsuit [5].