Securities Fraud

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Everus Construction Group, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before June 3, 2025 to Discuss Your Rights – ECG
GlobeNewswire News Room· 2025-04-21 16:59
Core Viewpoint - A class action securities lawsuit has been filed against Everus Construction Group, Inc. alleging securities fraud affecting investors between October 31, 2024, and February 11, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements and concealed information regarding the Company's backlog conversion cycle, which had become elongated due to larger and more complex projects [2]. - It is alleged that this elongation would lead to delays in revenue recognition, making the defendants' positive statements about the Company's business and prospects materially misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until June 3, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
ATKR LEGAL REMINDER: Did Atkore Inc. Commit Securities Fraud? Contact BFA Law before Wednesday's April 23 Court Deadline (NYSE:ATKR)
GlobeNewswire News Room· 2025-04-21 12:33
Core Viewpoint - A lawsuit has been filed against Atkore Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about PVC Pipe pricing and an alleged price-fixing scheme [1][2][5]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until April 23, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Atkore manufactures electrical, safety, and infrastructure products, including PVC Pipe [3]. - During the COVID-19 pandemic, shipping costs increased, impacting foreign PVC Pipe manufacturers' ability to sell profitably in the U.S. [3]. Group 3: Allegations Against Atkore - Atkore allegedly misrepresented that post-pandemic PVC Pipe price declines were due to "pricing normalization" and "competitive dynamics" [4]. - An activist investor report accused Atkore of engaging in an anticompetitive price-fixing scheme that artificially inflated PVC Pipe prices [5]. Group 4: Stock Performance and Impact - On February 4, 2025, Atkore announced disappointing earnings, revealing a decline in the plastic pipe and conduit product category, which led to a nearly 20% drop in stock price from $79.72 to $64.13 per share [6]. - Following the earnings announcement, Atkore received a grand jury subpoena from the U.S. Department of Justice Antitrust Division regarding the pricing of its PVC products [7].
enCore Energy Corp. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before May 13, 2025 to Discuss Your Rights - EU
Prnewswire· 2025-04-21 09:45
NEW YORK, April 21, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of enCore Energy Corp. (NASDAQ: EU). Shareholders who purchased shares of EU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: DEADLINE: May 13, 2025 Shareholders should not delay in registering for this class action. Register your information here: http ...
RH BREAKING NEWS: BFA Law Alerts RH (NYSE: RH) Investors with Losses of Pending Securities Fraud Investigation -- Contact BFA Law about how to Potentially Recover
GlobeNewswire News Room· 2025-04-17 19:38
NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into RH (NYSE: RH) for potential violations of the federal securities laws. If you invested in RH, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/rh. Why is RH being Investigated? RH is a retailer and luxury lifestyle brand operating primarily in the home furnishings market that offers merchandise assortments across a num ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Aldeyra Therapeutics, Inc. - ALDX
Prnewswire· 2025-04-14 22:19
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by Aldeyra Therapeutics, Inc. following a significant stock price drop after the FDA's response regarding their investigational drug candidate reproxalap [1][2]. Group 1: Company Overview - Aldeyra Therapeutics, Inc. is focused on developing reproxalap for the treatment of dry eye disease [2]. - The company received a Complete Response Letter from the FDA indicating that the New Drug Application (NDA) for reproxalap did not demonstrate adequate efficacy [2]. Group 2: FDA Response and Stock Impact - The FDA's Complete Response Letter highlighted that no manufacturing or safety issues were found, but the NDA failed to show efficacy in well-controlled studies [2]. - Following the FDA's announcement, Aldeyra's stock price plummeted by $3.90, a decrease of 73.31%, closing at $1.42 per share on April 3, 2025 [2]. Group 3: Legal Investigation - Pomerantz LLP is conducting an investigation on behalf of investors regarding potential securities fraud by Aldeyra and its officers or directors [1]. - The firm has a long history in corporate and securities class litigation, having recovered significant damages for victims of securities fraud [3].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gorilla Technology Group, Inc. - GRRR
Prnewswire· 2025-04-14 21:45
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices involving Gorilla Technology Group, Inc. following a significant stock price drop after a critical report [1][2]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Gorilla Technology Group, Inc. and is looking into allegations of securities fraud or other unlawful business practices by the company and its officers [1]. - The investigation was prompted by a short report from The Bear Cave, which highlighted "red flags" regarding Gorilla's aggressive shift to AI technology and concerns over financial reporting [2]. Group 2: Stock Performance - Following the publication of the short report, Gorilla's stock price decreased by $13.50 per share, representing a decline of 32.21%, closing at $28.41 per share on March 7, 2025 [2]. Group 3: Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering significant damages for victims of securities fraud and corporate misconduct [3].
NTLA Investors are Reminded of the Final Opportunity to Lead Intellia Therapeutics, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-04-14 12:53
Core Viewpoint - A class action lawsuit has been filed against Intellia Therapeutics, Inc. for alleged violations of securities laws, specifically related to misleading statements about the development of its drug NTLA-3001 [1][4]. Group 1: Lawsuit Details - The lawsuit is based on claims that Intellia made false and misleading statements regarding its drug development and marketing strategies, particularly concerning NTLA-3001 [4]. - Investors who purchased Intellia's securities between July 30, 2024, and January 8, 2025, are encouraged to participate in the class action [2]. - The class has not yet been certified, meaning that potential class members are not currently represented by an attorney [3]. Group 2: Allegations Against the Company - The complaint alleges that Intellia provided investors with a false impression of having reliable information about NTLA-3001's development [4]. - It is claimed that the company's reports on timelines for future studies were unsustainable due to high costs and inefficient delivery methods [4]. - The company reportedly struggled to provide timely doses of NTLA-3001 and maintain adequate staffing levels, leading to materially misleading public statements [4].
TTD STOCK FRAUD: Did Trade Desk, Inc. Commit Securities Fraud? Investors are Notified to Contact BFA Law by the April 21 Court Deadline (NASDAQ:TTD)
GlobeNewswire News Room· 2025-04-11 11:43
NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Trade Desk, Inc. (NASDAQ: TTD) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Trade Desk, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases-investigations/the-trade-desk-inc Investors have until April 21, 2025, to ask the Court to be appoin ...
Block, Inc. Long-Term Shareholder Announcement: Johnson Fistel Encourages Investors to Reach Out For More Information About Continuing Investigation
GlobeNewswire News Room· 2025-04-11 01:30
Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims against Block, Inc. to hold its officers and directors accountable for alleged damages caused to the company [1] Group 1: Legal Rights and Shareholder Information - Shareholders who owned Block, Inc. shares before February 26, 2020, may have legal rights to pursue claims against the company's officers and directors [2] - A previous class action lawsuit was filed for shareholders who acquired stock between February 26, 2020, and April 30, 2024, excluding those who purchased shares before this period from recovery [2] Group 2: Allegations Against Block, Inc. - The complaint alleges that Block engaged in significant compliance failures at Square and Cash App, including inadequate due diligence on customer identities and transactions [3] - It is claimed that Block created an environment conducive to illegal activities by allowing minimal obligations for account creation and transactions, and by encouraging the use of bitcoin [3] - Allegations include that Block's platforms facilitated various illegal activities such as money laundering, child sexual abuse, sex trafficking, drug trafficking, and terrorism financing [3] - The complaint states that Block allowed customers to withdraw funds from flagged accounts and permitted multiple accounts to be opened using fake identities [3] - Block's leadership allegedly failed to address known compliance issues despite numerous warnings and complaints [3] - The complaint suggests that user metrics for Cash App were artificially inflated due to the presence of fake accounts [3] - As a result of these issues, Block faced undisclosed risks that could lead to reputational damage, regulatory actions, and negative impacts on operations and financial results [3]
The Trade Desk, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 21, 2025 to Discuss Your Rights - TTD
Prnewswire· 2025-04-08 09:45
Core Viewpoint - A class action securities lawsuit has been filed against The Trade Desk, Inc. for alleged securities fraud affecting investors between May 9, 2024, and February 12, 2025 [1] Group 1: Allegations and Impact - The lawsuit claims that The Trade Desk faced significant execution challenges in rolling out its AI forecasting tool, Kokai, which included transitioning clients from the older platform, Solimar [2] - These execution challenges reportedly delayed the Kokai rollout and negatively impacted the company's business operations, particularly revenue growth [2] - Positive statements made by the defendants regarding the company's business and prospects were allegedly materially false and misleading due to the aforementioned issues [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until April 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky, LLP 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]