Workflow
Securities Fraud
icon
Search documents
FTNT Class Action Alert: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Fortinet, Inc. Securities Fraud Class Action
Prnewswire· 2025-09-26 23:47
Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly misrepresenting the impact of unit upgrades of FortiGate firewalls, leading to significant stock price decline when the truth was revealed [1][2][3]. Allegations - The complaint alleges that Fortinet failed to disclose the difficulty in predicting the total number of FortiGates requiring an upgrade [2] - It is claimed that customers had excess firewall capacity from previous purchases, reducing the necessity for upgrades [2] - The refresh of the firewalls was said to have minimal business impact as it represented only a small percentage of the company's business, given that the products were 12 to 15 years old and sold when Fortinet's business was significantly smaller [2] Stock Price Impact - Following the revelation of the alleged misrepresentations, Fortinet's stock price dropped over 22%, from $96.58 per share on August 6, 2025, to $75.30 per share on August 7, 2025 [3].
FIREFLY ALERT: Investigation Launched into Firefly Aerospace Inc., Attorneys Encourage Investors and Potential Witnesses to Contact RGRD Law – FLY
Globenewswire· 2025-09-26 23:17
Core Viewpoint - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Firefly Aerospace Inc., focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1]. Company Overview - Firefly Aerospace operates as a space and defense technology company that provides mission solutions for national security, government, and commercial customers [3]. Financial Results - On September 22, 2025, Firefly Aerospace reported its financial results for the second quarter of fiscal year 2025, marking its initial quarterly results as a public company since its IPO the previous month - The company reported revenue of $15.5 million, representing a year-over-year decline of more than 27% - Total operating expenses were reported at $58.3 million, reflecting a year-over-year increase of more than 12% - Following the financial results announcement, Firefly Aerospace's share price fell by more than 15% [4].
Lineage, Inc. (LINE) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-09-26 19:35
Core Viewpoint - Investors in Lineage, Inc. have the opportunity to lead a securities fraud class action lawsuit due to undisclosed adverse conditions affecting the company's performance prior to its IPO [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that Lineage failed to disclose significant weakening in customer demand, which was influenced by increased cold-storage supply and a shift in customer inventory management post-COVID-19 [2]. - It is claimed that Lineage implemented unsustainable price increases before the IPO, which could not be maintained due to the declining demand environment [2]. - The company reportedly could not counteract negative trends through operational efficiencies or competitive advantages, leading to stagnant or falling revenue, occupancy rates, and rent prices, contrary to the positive representations made in the registration statement [2]. Investor Participation - Investors who suffered losses related to Lineage are encouraged to participate in the ongoing lawsuit, with a lead plaintiff deadline set for September 30, 2025 [2][3]. - Interested parties can contact The Law Offices of Frank R. Cruz for more information on how to participate [3][4].
Quanex Building Products Corporation (NX) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-09-26 19:19
Core Viewpoint - Investors in Quanex Building Products Corporation have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of undisclosed operational issues [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that from December 12, 2024, to September 5, 2025, the defendants failed to disclose significant underinvestment in tooling and equipment maintenance at the Tyman Mexico facility [3]. - It is claimed that the conditions of the tooling and equipment had degraded to near catastrophic levels, which would likely incur significant costs and delay expected benefits from the Tyman integration [3]. - The complaint also states that Quanex had previously identified these issues, making the defendants' positive statements about the company's business and prospects materially misleading [3]. Investor Participation - Investors who suffered losses in Quanex Building Products Corporation are encouraged to contact the Law Offices of Howard G. Smith before November 18, 2025, to participate in the ongoing lawsuit [2][4]. - Participation does not require immediate action; investors may choose to retain counsel or remain absent from the class action [5].
KMX BREAKING NEWS: BFA Law is Investigating CarMax, Inc. for Securities Fraud after Stock Drops 20% on Demand Issues -- Investors are Urged to Contact the Firm
Businesswire· 2025-09-26 17:53
Core Viewpoint - CarMax, Inc. is under investigation by Bleichmar Fonti & Auld LLP for potential violations of federal securities laws related to its claims about strong and sustainable demand for used cars [1] Company Summary - CarMax, Inc. operates in the used car sales industry [1] - The company has been promoting the strength and sustainability of demand for its vehicles during the relevant period [1]
PubMatic, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before October 20, 2025 to Discuss Your Rights - PUBM
Prnewswire· 2025-09-26 13:00
Core Viewpoint - A class action securities lawsuit has been filed against PubMatic, Inc. for alleged securities fraud affecting investors between February 27, 2025, and August 11, 2025 [1][2]. Group 1: Lawsuit Details - The complaint alleges that defendants made false statements and concealed information regarding a significant shift of clients from a top demand side platform buyer to a new platform, which evaluated inventory differently [2]. - As a result of this shift, PubMatic experienced a reduction in ad spend and revenue from this top demand side platform buyer [2]. - The lawsuit claims that the defendants' positive statements about PubMatic's business, operations, and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Next Steps for Investors - Investors who suffered losses in PubMatic, Inc. during the specified time frame have until October 20, 2025, to request the Court to appoint them as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a 20-year track record of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
DEADLINE APPROACHING: Berger Montague Advises CTO Realty Growth, Inc. (NYSE: CTO) Investors to Inquire About a Securities Fraud Class Action by October 7, 2025
Prnewswire· 2025-09-25 21:35
Group 1 - The core issue involves Berger Montague PC investigating claims against CTO Realty Growth, Inc. for allegedly misleading investors regarding its financial condition and overstating property profitability [1][2]. - The lawsuit claims that CTO manipulated key financial metrics and misrepresented the performance of properties, particularly Ashford Lane in Atlanta [2]. - A report by Wolfpack Research accused CTO of covering a $38 million dividend shortfall by diluting shareholders through a 70% increase in outstanding shares and using a "sham loan" to conceal issues with a tenant [3]. Group 2 - Investors who acquired CTO securities between February 18, 2021, and June 24, 2025, have until October 7, 2025, to seek appointment as lead plaintiff in the class action [2]. - Following the allegations, CTO's stock experienced a decline of 5.42%, closing at $17.10 per share on June 25, 2025 [3].
KLC NOTICE: KinderCare Learning Companies, Inc. Investors Urged to Contact Kirby McInerney LLP About Securities Fraud Lawsuit
Globenewswire· 2025-09-25 20:48
Core Points - KinderCare Learning Companies, Inc. is facing a class action lawsuit due to alleged misrepresentations in its IPO offering documents regarding child care standards and incidents of abuse [4][5] - The company's stock price has significantly declined from its IPO price of $24.00 per share to $9.81 as of August 12, 2025 [3] - The lawsuit is based on claims that KinderCare failed to disclose serious issues related to child safety and care quality at its facilities [4] Summary by Sections IPO Details - KinderCare issued 27 million shares at $24.00 per share during its IPO on October 8, 2024 [2] Stock Performance - Following the IPO, KinderCare's stock price has dropped to $9.81 by August 12, 2025, indicating a substantial loss for investors [3] Lawsuit Allegations - The class action lawsuit alleges that KinderCare's IPO documents contained material misrepresentations, including: - Numerous incidents of child abuse and neglect at its facilities [4] - Failure to provide the highest quality care and meet minimum industry standards [4]
Investors in KinderCare Learning Companies, Inc. Should Contact Levi & Korsinsky Before October 14, 2025 to Discuss Your Rights – KLC
Globenewswire· 2025-09-25 20:46
Core Viewpoint - A class action securities lawsuit has been filed against KinderCare Learning Companies, Inc. due to alleged securities fraud affecting investors who purchased shares during the October 2024 initial public offering [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged securities fraud related to KinderCare Learning Companies, Inc. [2] - The complaint alleges that KinderCare concealed numerous incidents of child abuse, neglect, and harm at its facilities, failing to provide the highest quality care and meet minimum industry standards [3]. - As a result of these issues, KinderCare is said to be exposed to undisclosed risks including lawsuits, regulatory actions, negative publicity, reputational damage, and business loss [3]. Group 2: Next Steps for Investors - Investors who suffered losses in KinderCare Learning Companies, Inc. during the relevant timeframe have until October 14, 2025, to request appointment as lead plaintiff [4]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of V.F. Corporation(VFC) Shareholders
Globenewswire· 2025-09-25 20:45
Core Viewpoint - A class action securities lawsuit has been filed against V.F. Corporation, alleging securities fraud that negatively impacted investors between October 30, 2023, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that V.F. Corporation made materially false and misleading statements regarding its turnaround plans for the Vans brand, indicating that significant reset actions were necessary for growth [2]. - The company's fourth quarter and full-year fiscal 2025 results revealed a decline in Vans' growth trajectory, with losses worsening from 8% to 20% in the fourth quarter, and this decline was expected to continue [2]. - Following the disclosure of these results, V.F. Corporation's stock price dropped from $14.43 to $12.15 per share, a decline of approximately 15.8% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 12, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].