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AVTR Case Alert: Robbins LLP Reminds AVTR Stockholders with Large Losses of the Opportunity to Lead the Avantor, Inc. Securities Class Action
Globenewswire· 2025-11-13 14:50
Core Viewpoint - Avantor, Inc. is facing a class action lawsuit due to allegations of misleading investors about the company's competitive position and the impact of increased competition on its financial performance [1][3]. Summary by Sections Company Overview - Avantor, Inc. (NYSE: AVTR) provides scientific products and services across various sectors including biotechnology, pharmaceuticals, healthcare, education, and government [1]. Class Action Details - A class action was filed on behalf of investors who purchased Avantor common stock between March 5, 2024, and October 28, 2025, alleging that the company misrepresented its competitive positioning and the effects of competition [1]. Allegations - The complaint states that Avantor's management failed to disclose: 1. The company's competitive positioning was weaker than publicly represented 2. The negative effects of increased competition on the company's performance 3. The misleading nature of the company's statements regarding its business and prospects [3]. Financial Performance - On October 29, 2025, Avantor reported disappointing third-quarter results, including a -5% organic revenue growth, which was below prior guidance, and a net loss of $712 million attributed to a non-cash goodwill impairment charge of $785 million [4]. - The impairment charge was partly due to "competitive pressures" that significantly impacted the company's margins, and it was revealed that Avantor had lost several large accounts [4]. - Following this announcement, Avantor's stock price fell by $3.50 per share, a decline of over 23%, from $15.08 on October 28, 2025, to $11.58 on October 29, 2025 [4].
LRN Shareholder Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Securities Class Action Against Stride, Inc.
Globenewswire· 2025-11-13 12:33
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for allegedly misleading investors about its business prospects and inflating enrollment numbers through unethical practices [1][2]. Allegations - Stride, Inc. is accused of making false statements regarding its success and capabilities in the education technology sector, claiming to be a leading company while engaging in practices such as retaining "ghost students" to inflate enrollment figures [2]. - The company allegedly cut staffing costs by overloading teachers beyond statutory limits and ignored compliance requirements, including background checks and special education services [2]. - Whistleblowers reported that Stride's leadership directed financial practices that delayed hiring and denied services to maintain profit margins [2]. Stock Price Impact - Following a report on September 14, 2025, regarding a complaint filed by the Gallup-McKinley County Schools Board of Education against Stride, the company's stock price fell by $18.60, or 11.7%, closing at $139.76 on September 15, 2025 [3]. - On October 28, 2025, Stride announced that "poor customer experience" led to a significant drop in enrollments, resulting in a stock price decline of $83.48, or over 54%, closing at $70.05 on October 29, 2025 [4]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by January 12, 2026, although participation is not required to be eligible for recovery [5].
ATYR Investors: Securities Law Firm Robbins LLP Reminds Investors of the Pending Lead Plaintiff Deadline in the Class Action Against aTyr Pharma, Inc.
Globenewswire· 2025-11-12 21:47
Core Viewpoint - aTyr Pharma, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding the efficacy of its drug candidate, Efzofitimod, during a clinical trial for pulmonary sarcoidosis [1][3]. Company Overview - aTyr Pharma, Inc. is a clinical stage biotechnology company focused on developing therapies for fibrosis and inflammation through tRNA synthetase biology [1]. Legal Allegations - The lawsuit claims that aTyr's executives provided misleading information about the Phase 3 study of Efzofitimod, particularly regarding the forced taper approach and the drug's ability to reduce steroid usage in patients [3]. - On September 15, 2025, aTyr announced that the EFZO-FIT study did not meet its primary endpoint, leading to a significant drop in stock price from $6.03 to $1.02, an 83.2% decline in one day [4]. Next Steps - Shareholders interested in participating in the class action must submit their papers by December 8, 2025, to serve as lead plaintiff [5].
WPP Stockholders: Securities Law Firm Robbins LLP Reminds Investors of the Pending Lead Plaintiff Deadline in the Class Action Against WPP Inc.
Globenewswire· 2025-11-12 21:26
Core Viewpoint - WPP PLC is facing a class action lawsuit due to allegations of misleading investors about its business prospects and financial performance during the specified class period [1][3]. Summary by Sections Company Overview - WPP PLC is a global communications company that provides services in advertising, media management, consultancy, public relations, and branding [1]. Class Action Details - A class action was filed on behalf of investors who purchased WPP common stock between February 27, 2025, and July 8, 2025, alleging that the company misled them regarding its business outlook [1]. Allegations - The complaint claims that WPP created a false impression of having reliable information about its revenue outlook and growth potential while downplaying risks from seasonality and macroeconomic factors [3]. - It is alleged that WPP's optimistic reports on client acquisition and retention were not reflective of reality, as the company's media division was losing market share to competitors [3]. Impact of Trading Update - On July 9, 2025, WPP issued a trading update indicating a deterioration in performance, attributing this to macroeconomic uncertainties and weaker new business than expected, partly due to ongoing restructuring [4]. - Following this announcement, WPP's stock price fell from $35.82 to $29.34, a decline of approximately 18.1% [4]. Next Steps for Shareholders - Shareholders may be eligible to participate in the class action and can contact Robbins LLP if they wish to serve as lead plaintiffs [5].
Investor Alert: Robbins LLP Informs Investors of the Firefly Aerospace Inc. Class Action Lawsuit
Prnewswire· 2025-11-12 13:17
Core Viewpoint - A class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly misleading investors regarding its business prospects and operational readiness, particularly related to its IPO and subsequent financial disclosures [1][2]. Group 1: Allegations and Financial Impact - The complaint claims that the Offering Documents for the IPO were negligently prepared, failing to disclose overstated demand and growth prospects for Firefly's Spacecraft Solutions, as well as the operational readiness of its Alpha rocket program [2]. - Following disappointing financial results for Q2 2025, Firefly's stock price dropped by $7.58 per share (15.31%) to close at $41.94 on September 23, 2025 [3]. - After a significant operational setback with the Alpha Flight 7 rocket, the stock price fell further by $7.66 per share (20.73%) to close at $29.30 on September 30, 2025, indicating a substantial decline from the $45.00 per share IPO price [3]. Group 2: Legal Proceedings and Participation - Shareholders may be eligible to participate in the class action and can contact Robbins LLP if they wish to serve as lead plaintiffs, representing other class members in the litigation [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4].
Baxter International Stockholders with Large Losses Should Contact Robbins LLP for Information About Leading the BAX Securities Class Action
Globenewswire· 2025-11-11 18:47
Core Viewpoint - Baxter International, Inc. is facing a class action lawsuit due to allegations of misleading investors about the safety of its Novum LVP device, which has been linked to serious malfunctions and risks to patient safety [1][3]. Allegations - The complaint states that Baxter failed to disclose systemic defects in the Novum LVP device, leading to malfunctions such as underinfusion, overinfusion, and non-delivery of fluids, which posed risks of serious injury or death to patients [3]. - Baxter was reportedly aware of multiple malfunctions, injuries, and deaths related to the device but did not take adequate remedial measures, leading to continued harm [3]. - The company’s statements regarding the safety, efficacy, and sales prospects of the Novum LVPs were claimed to be materially false and misleading [3]. Stock Impact - Following the announcement on July 31, 2025, regarding the suspension of all new Novum LVP sales, Baxter's stock price dropped by 22.4%, closing at $21.76 [4]. Next Steps for Shareholders - Shareholders interested in participating in the class action must submit their papers to the court by December 15, 2025, to serve as lead plaintiff [5]. - Shareholders can choose to remain absent class members without participating in the case [5]. Company Background - Baxter International, Inc. is a global company that develops, manufactures, and markets medical products used in healthcare facilities [1].
INSP Investor Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Inspire Medical Systems, Inc.
Globenewswire· 2025-11-11 00:55
Core Points - A class action has been filed against Inspire Medical Systems, Inc. for allegedly misleading investors regarding the Inspire V device launch [1][2] - The Inspire V device is intended for treating obstructive sleep apnea and was marketed as a groundbreaking product [2] - The launch of Inspire V faced significant challenges, including poor demand and inadequate preparation by the company [3] Allegations - Inspire Medical Systems failed to complete essential tasks for the successful launch of Inspire V, such as training for treatment centers and updating IT systems [3] - The company did not ensure that Medicare reimbursement was in place at the time of the launch, which contributed to the launch's difficulties [3] Financial Impact - On August 4, 2025, Inspire revealed that the launch was facing an "elongated timeframe," leading to a drastic reduction in 2025 earnings guidance by over 80% [4] - Following this announcement, the stock price plummeted by $42.04 per share, a decline of more than 32%, resulting in a loss of $1.2 billion in market capitalization in one day [4] - From a high of $216.71 per share on September 23, 2024, the stock price dropped nearly 60%, erasing billions from the company's market capitalization [4]
FI Investor Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Fiserv, Inc.
Globenewswire· 2025-11-07 20:47
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Fiserv, Inc. securities between July 23, 2025, and October 29, 2025, alleging that the company misled investors regarding its financial growth in 2025 [1][2]. Allegations - In July 2025, Fiserv revised its 2025 guidance, lowering its organic revenue growth expectations due to a review of new initiatives and products, which was described as a "re-underwriting" [2]. - The complaint claims that Fiserv's statements in July were false and misleading, as the company later admitted that its guidance was based on assumptions that were difficult to achieve [3]. Financial Impact - On October 29, 2025, Fiserv reported disappointing third-quarter results and acknowledged that its previous guidance was based on flawed assumptions, leading to a significant stock price drop of $55.57 per share, or 44%, from $126.17 to $70.60 [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by January 5, 2026, but participation is not required to be eligible for recovery [4]. Company Background - Robbins LLP is recognized for its work in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].
FUN Investor Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Six Flags Entertainment Corporation
Globenewswire· 2025-11-07 20:46
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation, alleging that the company misled investors regarding its merger with Cedar Fair, L.P. The lawsuit claims that Legacy Six Flags had significant undisclosed capital needs and operational deficiencies prior to the merger, which were not communicated to investors [1][2]. Summary by Sections Merger Details - The merger between Legacy Six Flags and Cedar Fair was approved by shareholders on March 12, 2024, and closed on July 1, 2024. Following the merger, the new entity was named Six Flags and began trading under the ticker symbol "FUN" on the NYSE [2]. Allegations Against Six Flags - The complaint alleges that: - Legacy Six Flags had underinvested in its parks, deferring essential maintenance and improvements for several years before the merger [2]. - The company required millions in undisclosed capital expenditures to maintain or grow its market share in the competitive amusement park industry [2]. - The financial projections presented to investors were unrealistic and not based on the actual conditions of the company at the time of the merger [2]. Stock Performance - On the merger closing date, Six Flags stock was trading above $55 per share. However, the stock price subsequently plummeted to as low as $20 per share, representing a decline of nearly 64% [3]. Class Action Participation - Shareholders interested in participating in the class action must submit their papers by January 5, 2025. They can choose to remain absent from the case while still being eligible for recovery [4]. Company Background - Robbins LLP is noted for its focus on shareholder rights litigation, aiming to help shareholders recover losses and improve corporate governance since 2002 [5].
Stockholder Alert: Robbins LLP Informs Investors of the Six Flags Entertainment Corporation (f/k/a CopperSteal Holdco, Inc.) Class Action Lawsuit
Prnewswire· 2025-11-07 01:03
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation (NYSE: FUN) on behalf of investors who acquired shares during the merger with Cedar Fair, alleging that the company misled investors regarding its financial health and operational needs prior to the merger [1][2]. Group 1: Merger Details - The merger between Legacy Six Flags and Cedar Fair was approved by shareholders on March 12, 2024, and closed on July 1, 2024, resulting in the creation of North America's largest regional amusement park operator with approximately 40 amusement parks and water parks [1][2]. - Following the merger, the newly formed entity changed its name to Six Flags and began trading under the ticker symbol "FUN" on the NYSE [2]. Group 2: Allegations Against Six Flags - The lawsuit alleges that Legacy Six Flags had significantly underinvested in its parks and operations, neglecting essential maintenance and improvements for several years before the merger [2]. - It is claimed that Legacy Six Flags required millions of dollars in undisclosed capital expenditures to maintain or grow its market share in the competitive amusement park industry [2]. - The complaint states that the financial projections presented to investors were unrealistic and not based on the actual conditions of the company at the time of the merger [2]. Group 3: Stock Performance - On the merger closing date, Six Flags stock was trading above $55 per share, but it subsequently plummeted to as low as $20 per share, marking a decline of nearly 64% [3].