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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Skye Bioscience, Inc. - SKYE
Prnewswire· 2025-10-08 21:45
Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Skye Bioscience, Inc. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] - On October 6, 2025, Skye announced that its Phase 2a study of nimacimab did not meet its primary endpoint of weight loss compared to placebo, leading to a significant drop in stock price [1] Company Overview - Skye Bioscience, Inc. is a publicly traded company on NASDAQ under the ticker SKYE [1] - The company is involved in the development of nimacimab, a peripherally-restricted CB1 inhibitor antibody [1] Financial Impact - Following the announcement of the study results, Skye's stock price fell by $2.85 per share, representing a 60% decrease, closing at $1.90 per share on October 6, 2025 [1]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rezolve AI PLC - RZLV
Prnewswire· 2025-10-08 20:36
Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Rezolve AI PLC regarding potential securities fraud or unlawful business practices [1] - A report by Fuzzy Panda Research alleges that Rezolve misrepresents its AI capabilities and revenue growth, claiming it is primarily a mobile phone-related tech company [1] - Following the allegations, Rezolve's stock price dropped by $0.97, or 16.3%, closing at $4.98 per share [1] Group 1 - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having a history of recovering multimillion-dollar damages for victims of securities fraud [2] - The investigation focuses on whether Rezolve and its officers/directors engaged in fraudulent activities [1] - The Fuzzy Panda report specifically criticizes the CEO's history of false statements and the company's acquisition strategy of failing AI startups [1] Group 2 - The stock price decline occurred over two trading sessions following the release of the Fuzzy Panda report [1] - The investigation is part of a broader effort to protect investors' rights against corporate misconduct [2] - Pomerantz LLP has been active in the field for over 85 years, continuing the legacy of its founder in fighting for victims of corporate fraud [2]
KinderCare Learning Companies, Inc. (KLC) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-10-08 16:00
Core Points - The Law Offices of Frank R. Cruz announced that investors who suffered losses related to KinderCare Learning Companies, Inc. have the opportunity to lead a securities fraud class action lawsuit [1][2] - The lawsuit alleges that KinderCare failed to disclose significant incidents of child abuse and neglect at its facilities, which misled investors regarding the company's operational quality and compliance with industry standards [2] Summary by Sections Lawsuit Details - The complaint claims that following KinderCare's October 2024 IPO, the company did not disclose multiple incidents of child abuse and neglect occurring at its facilities [2] - It is alleged that KinderCare did not provide the "highest quality care possible" and failed to meet basic care standards, exposing the company to undisclosed risks of lawsuits and regulatory actions [2] - The lawsuit asserts that positive statements made by the company regarding its business and operations were materially misleading and lacked a reasonable basis [2]
Deadline Alert: C3.ai, Inc. (AI) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-10-08 16:00
Core Viewpoint - C3.ai, Inc. is facing a class action lawsuit due to disappointing financial results and misleading statements made by the company's leadership during the class period from February 26, 2025, to August 8, 2025 [1][4]. Financial Performance - On August 8, 2025, C3.ai announced preliminary financial results for Q1 of fiscal 2026 that were below expectations and reduced its revenue guidance for the full fiscal year 2026, attributing this to a reorganization with new leadership and the health issues of its CEO [2][4]. Stock Market Reaction - Following the announcement of disappointing results, C3.ai's stock price dropped by $5.66, or 25.6%, closing at $16.47 per share on August 11, 2025, which negatively impacted investors [3]. Allegations in the Lawsuit - The class action complaint alleges that C3.ai's leadership made materially false and misleading statements and failed to disclose significant adverse facts about the company's business and prospects. Key allegations include: 1. The company's optimistic growth and earnings reports were overly reliant on the CEO's health and effectiveness, which were not as robust as claimed [4]. 2. The CEO had not sufficiently recovered from health issues to fulfill his role effectively, contrary to repeated assurances [4]. 3. Positive statements made by the leadership lacked a reasonable basis and were materially misleading throughout the class period [4]. Legal Proceedings - Investors who purchased C3.ai securities during the class period have until October 21, 2025, to file a lead plaintiff motion in the class action lawsuit [1][5].
Firefly Aerospace Inc. Investigation: Kessler Topaz Meltzer & Check, LLP Encourages Firefly Aerospace Inc. (NASDAQ: FLY) Investors with Significant Losses to Contact the Firm
Globenewswire· 2025-10-08 15:12
Core Viewpoint - Firefly Aerospace Inc. is facing scrutiny due to potential violations of federal securities laws following disappointing financial results for Q2 2025, which led to a significant decline in stock price [1][2][3] Financial Performance - Firefly Aerospace reported revenue of $15.5 million for Q2 2025, representing a year-over-year decline of over 27% [2] - The company incurred total operating expenses of $58.3 million in the same quarter, marking a year-over-year increase of more than 12% [2] Stock Market Reaction - Following the release of its financial results, Firefly Aerospace's stock price fell by $7.58 per share, approximately 15.31%, closing at $41.94 on September 23, 2025, down from $49.52 on September 22, 2025 [3]
Deadline Alert: PubMatic, Inc. (PUBM) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-10-07 17:47
Core Viewpoint - The article discusses a class action lawsuit against PubMatic, Inc. due to significant stock price decline following the company's second quarter 2025 financial report, which revealed adverse changes in ad spending from a key partner [1][2][3]. Summary by Sections Company Performance - On August 11, 2025, PubMatic reported a reduction in ad spend from one of its top Demand-Side Platform (DSP) partners, leading to a stock price drop of $2.23, or 21.1%, closing at $8.34 per share on August 12, 2025 [2]. Lawsuit Details - The class action lawsuit alleges that during the Class Period (February 27, 2025, to August 11, 2025), PubMatic's executives made materially false and misleading statements regarding the company's business and prospects. Specifically, they failed to disclose the shift of clients to a new platform by a top DSP buyer, which resulted in reduced ad spend and revenue [3][4]. Investor Actions - Investors who purchased PubMatic securities during the Class Period are encouraged to file a lead plaintiff motion by October 20, 2025, to participate in the class action lawsuit [1][4].
KMX SHAREHOLDER NOTICE: CarMax, Inc. Investigated for Securities Fraud after 20% Stock Drop – Contact BFA Law
Globenewswire· 2025-10-06 12:36
Core Viewpoint - CarMax, Inc. is under investigation for potential violations of federal securities laws, following a significant decline in sales and earnings attributed to a temporary demand boost from U.S. tariffs on cars [1][2][3] Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into CarMax for possible securities law violations [1] - The investigation is prompted by discrepancies between CarMax's claims of strong demand and the reality of declining sales figures [2] Group 2: Financial Performance - In fiscal Q2 2025, CarMax reported 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 [3] - The company's net earnings for Q2 were approximately $95.4 million, down from $132.8 million in the previous year, indicating a significant drop in profitability [3] - Following the earnings report, CarMax's stock price fell by $11.45 per share, or about 20%, from $57.05 to $45.60 [3]
BRBR SHAREHOLDER NOTICE: BellRing Brands Investigated for Securities Fraud after 18% Stock Drop – Contact BFA Law
Globenewswire· 2025-10-06 12:33
NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into BellRing Brands, Inc. (NYSE: BRBR) for potential violations of the federal securities laws. If you invested in BellRing, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases-investigations/bellring-brands-inc-class-action-lawsuit. Why is BellRing Being Investigated? BellRing Brands operates in the convenient nutrition category. The Compa ...
MLTX LEGAL NOTICE: MoonLake Immunotherapeutics Faces Securities Fraud Investigation due to Drug Trial Results – Contact BFA Law if You Lost Money
Globenewswire· 2025-10-04 11:07
Core Viewpoint - MoonLake Immunotherapeutics is under investigation for potential violations of federal securities laws following disappointing results from its Phase 3 VELA trials for sonelokimab, leading to a significant drop in stock price [1][3]. Company Overview - MoonLake Immunotherapeutics is a clinical stage biotechnology company focused on therapies for inflammatory skin and joint diseases [2]. Trial Results - On September 29, 2025, MoonLake reported week 16 results from the VELA Phase 3 trials, which were disappointing and raised concerns about the drug's regulatory approval and commercial viability [3]. - The stock price plummeted by $55.75 per share, nearly 90%, from $61.99 on September 28, 2025, to $6.24 on September 29, 2025, following the announcement of the trial results [3]. Legal Implications - Investors in MoonLake are encouraged to seek legal options due to the potential violations of securities laws related to the trial results [1][4]. Law Firm Background - Bleichmar Fonti & Auld LLP is a leading international law firm specializing in securities class actions and shareholder litigation, with a strong track record of recovering significant amounts for clients [6].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Brunello Cucinelli S.p.A. - BCUCY
Prnewswire· 2025-10-03 14:00
Core Viewpoint - Pomerantz LLP is investigating claims on behalf of investors of Brunello Cucinelli S.p.A. regarding potential securities fraud and unlawful business practices [1] Group 1: Investigation Details - The investigation focuses on whether Brunello Cucinelli and certain officers or directors have engaged in securities fraud or other unlawful business practices [1] - A report by Morpheus Research alleges that Brunello Cucinelli has continued to unlawfully conduct business in Russia despite its claims to the contrary [1] Group 2: Market Reaction - Following the news of the investigation and the report, Brunello Cucinelli's American Depositary Receipt (ADR) price fell by $2.01, or 16.54%, closing at $10.14 per ADR on September 25, 2025 [1]