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Hormel Foods Corporation Investigated by the Portnoy Law Firm
Globenewswire· 2025-12-15 21:20
Core Insights - The Portnoy Law Firm has initiated an investigation into Hormel Foods Corporation for possible securities fraud and may file a class action on behalf of investors [1][2] Financial Performance - Hormel Foods warned that earnings in the latest quarter were negatively impacted by price pressures, bird flu, and a fire that damaged its Arkansas peanut butter production facility [3] - Following the announcement, Hormel's stock experienced a decline of 9.1% on October 29, 2025 [3] Corporate Governance - Hormel Foods announced that it is parting ways with its Chief Financial Officer (CFO) amid the financial challenges [3]
KMX STOCK DROP ALERT: CarMax, Inc. Investors May Have Been Affected by Fraud and Are Notified to Contact BFA Law Prior to January 2 Deadline
TMX Newsfile· 2025-12-15 20:18
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop 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 District of Maryland, titled Jason Cap v. CarMax, Inc., et al., No. 1:25-cv-03602, with investors having until January 2, 2026, to seek lead plaintiff status [3]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [3]. Group 2: Reasons for the Lawsuit - CarMax has been accused of misleading investors regarding the demand for its used cars, claiming it was strong and sustainable, while the reality was a temporary boost in demand due to U.S. tariffs on cars [4]. - The unexpected departure of CEO Bill Nash on November 6, 2025, is also under investigation to determine if CarMax adequately assessed its portfolio of car loans [5]. Group 3: Stock Performance - On September 25, 2025, CarMax reported disappointing financial results, including a 5.4% decline in retail used unit sales and a net income drop from $132.8 million to approximately $95.4 million year-over-year [6]. - Following the financial report, CarMax's stock price fell by $11.45 per share, or about 20%, from $57.05 to $45.60 [7]. - The announcement of CEO Bill Nash's departure and a weak preliminary Q3 2025 outlook led to an additional stock drop of over 24% [7].
Primo Brands Corporation / Primo Water Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before January 12, 2026 to Discuss Your Rights - PRMB
Prnewswire· 2025-12-15 14:00
Group 1 - The Gross Law Firm has issued a notice to shareholders of Primo Brands Corporation regarding potential lead plaintiff appointments for a class action lawsuit [1] - The class period for the lawsuit is from June 17, 2024, to November 6, 2025, during which shareholders are encouraged to register [2] - Allegations include that the merger integration between Primo Water and BlueTriton Brands was poorly executed, with significant supply disruptions affecting financial results, contrary to the company's claims of a "flawless" execution [1] Group 2 - Shareholders must register by January 12, 2026, to participate in the class action and will receive updates through portfolio monitoring software [2] - The Gross Law Firm aims to protect investors' rights and seeks recovery for losses incurred due to misleading statements or omissions by companies [3]
BYND STOCK DROP ALERT: Beyond Meat, Inc. Impairment Charge Triggers Securities Fraud Investigation – Contact BFA Law if You Suffered Losses on Your Investment
Globenewswire· 2025-12-15 13:08
Core Insights - Beyond Meat, Inc. is under investigation for potential violations of federal securities laws related to the inflation of long-lived asset values [1][3] - The company's stock experienced a significant drop following announcements of expected non-cash impairment charges and delays in earnings announcements [4][5] Financial Performance - Beyond Meat reported a loss from operations of $112.3 million for Q3 2025, which included $77.4 million in non-cash impairment charges related to long-lived assets [5] Stock Market Reaction - On October 24, 2025, Beyond Meat's stock price fell approximately 23%, from $2.84 to $2.185 per share, following the announcement of expected impairment charges [4] - The stock continued to decline after the company delayed its Q3 earnings announcement on November 3, 2025 [5]
JEF STOCK DROP ALERT: Jefferies Financial Group Inc. SEC Probe Triggers Securities Fraud Investigation – Contact BFA Law if You Suffered Losses on Your Investment
Globenewswire· 2025-12-15 13:07
Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm, Point Bonita Capital, are under investigation for potential violations of federal securities laws following a probe by the SEC related to their exposure to First Brands Group, which filed for bankruptcy in September 2025 [1][4]. Group 1: Company Overview - Jefferies is an investment banking and capital markets firm, with Point Bonita Capital serving as its trade finance division [2]. - Both Jefferies and Point Bonita were significant financial partners of First Brands Group, an auto parts supplier that declared bankruptcy in September 2025 [2]. Group 2: Financial Exposure - On October 8, 2025, Jefferies disclosed that it and Point Bonita had approximately $715 million in exposure to First Brands' receivables, accounting for about 25% of Point Bonita's trade finance portfolio [3]. - Following this announcement, Jefferies' stock price dropped by $4.66 per share, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [3]. Group 3: SEC Investigation Details - The SEC is investigating whether Jefferies provided adequate information to investors regarding their exposure to the auto industry, particularly in light of First Brands' bankruptcy, which involved $12 billion in debt [4]. - The SEC is also examining internal controls and potential conflicts of interest within Jefferies and Point Bonita [4]. Group 4: Legal Implications - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors concerning their significant exposure to First Brands and the ongoing SEC investigation [5].
BLUE OWL CAPITAL INC. (NYSE: OWL) DEADLINE ALERT Bernstein Liebhard LLP Reminds Blue Owl Capital Inc. Investors of Upcoming Deadline
Globenewswire· 2025-12-15 06:45
Core Viewpoint - Bernstein Liebhard LLP is reminding investors of Blue Owl Capital Inc. about a deadline related to a securities fraud class action lawsuit against the company [1]. Group 1: Lawsuit Details - A class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors who purchased or acquired Blue Owl securities between February 6, 2025, and November 16, 2025, alleging violations of the Securities Exchange Act of 1934 [3]. - The lawsuit claims that the defendants made misrepresentations regarding liquidity issues [3]. Group 2: Legal Participation - Investors wishing to serve as lead plaintiff must file papers by February 2, 2026, and participation as a lead plaintiff is not required to share in any recovery [4]. - All representation in the lawsuit is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [4]. Group 3: Firm Background - Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients and has represented some of the largest public and private pension funds in the country [5]. - The firm has been recognized for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [5].
DEFI TECHNOLOGIES INC. (NASDAQ: DEFT) DEADLINE ALERT Bernstein Liebhard LLP Reminds DeFi Technologies Inc. Investors of Upcoming Deadline
Globenewswire· 2025-12-15 06:45
Core Viewpoint - DeFi Technologies Inc. is facing a securities fraud class action lawsuit due to alleged misrepresentations regarding its revenue guidance for fiscal year 2025, impacting investors who acquired its securities between May 12, 2025, and November 14, 2025 [3]. Group 1 - The lawsuit was filed in the United States District Court for the Eastern District of New York on behalf of investors who purchased or acquired DeFi Technologies securities during the specified period [3]. - The allegations include violations of the Securities Exchange Act of 1934 against the Company and certain senior officers [3]. - Investors are reminded of an upcoming deadline to file as lead plaintiff by January 30, 2026, with the option to remain an absent class member if no action is taken [4]. Group 2 - Bernstein Liebhard LLP, the law firm handling the case, has a history of recovering over $3.5 billion for clients and has been recognized for its success in litigating class actions [5].
JHX SECURITIES LAWSUIT: James Hardie Industries plc Investors are Notified to Contact BFA Law Before the Imminent December 23 Class Action Deadline
TMX Newsfile· 2025-12-14 12:33
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc and certain senior executives for securities fraud following a significant stock drop due 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 Illinois, titled Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, et al., No. 1:25-cv-13018 [3]. - Investors have until December 23, 2025, 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 investors in James Hardie common stock [3]. Group 2: Company Background - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [4]. Group 3: Allegations of Fraud - During the relevant period, James Hardie claimed strong performance in its North American fiber cement segment, asserting "inherent strength" and "underlying momentum" in its strategy [5]. - The lawsuit alleges that the reported sales were due to inventory loading by channel partners, indicating fraudulent channel stuffing rather than genuine customer demand [5]. Group 4: Stock Performance - On August 19, 2025, James Hardie disclosed a 12% decline in North American fiber cement sales, attributed to destocking efforts by customers [6]. - Following this announcement, the stock price plummeted by $9.79 per share, a decrease of over 34%, from $28.43 to $18.64 per share [6]. Group 5: Executive Changes - On November 17, 2025, it was announced that Rachel Wilson would step down from her position as CFO of James Hardie [7].
INSP SECURITIES LAWSUIT: Inspire Medical Systems, Inc. Investors are Notified to Contact BFA Law Before the Imminent January 5 Class Action Deadline
TMX Newsfile· 2025-12-14 12:33
Core Viewpoint - A class action lawsuit has been filed against Inspire Medical Systems, Inc. and its senior executives for securities fraud following a significant stock drop due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Minnesota, specifically titled City of Pontiac Reestablished General Employees' Retirement System v. Inspire Medical Systems, Inc., et al., No. 0:25-cv-04247 [3]. - Investors have until January 5, 2026, to request to lead the case [3]. Group 2: Company Background - Inspire Medical Systems develops and manufactures an implantable medical device for treating sleep apnea, with the latest version being Inspire V, which received FDA approval on August 2, 2024 [4]. Group 3: Allegations and Stock Impact - The lawsuit alleges that Inspire misled investors by claiming it had taken necessary steps for the launch of Inspire V, while in reality, it failed to prepare clinicians and payors, leading to delays and weak demand [5][6]. - On August 4, 2025, Inspire announced an "elongated timeframe" for the Inspire V launch and reduced its 2025 earnings per share guidance by over 80%, attributing this to undisclosed factors including incomplete training at implanting centers and poor demand due to excess inventory of older devices [7]. - Following this announcement, Inspire's stock price fell by $42.04, or more than 32%, from $129.95 on August 4, 2025, to $87.91 on August 5, 2025 [8].
KMX FRAUD UPDATE: Important CarMax, Inc. Securities Fraud Class Action Deadline is Approaching for Investors – Contact BFA Law before January 2
Globenewswire· 2025-12-13 12:21
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - Investors have until January 2, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Maryland [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [2]. Group 2: Company Performance and Stock Impact - CarMax reported disappointing financial results for Q2 FY 2026, with a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [5]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million the previous year [5]. - Following the announcement of these results, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [6]. - An unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional stock price drop of over 24% [6]. Group 3: Market Context - CarMax's previous claims of strong demand were allegedly inflated due to a temporary boost from U.S. tariffs on cars, which prompted customers to purchase vehicles before the tariffs took effect [3]. - The lawsuit also investigates whether CarMax properly assessed or reserved for its portfolio of car loans following the CEO's departure [4].