Securities fraud
Search documents
SNPS LEGAL NOTICE: Lose Money on Synopsys, Inc.? You may have been Affected by Fraud and are Urged to Contact BFA Law by December 30 Deadline
Globenewswire· 2025-12-19 12:08
Core Viewpoint - A class action lawsuit has been filed against Synopsys, Inc. and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of California, captioned Kim v. Synopsys, Inc., et al., No. 3:25-cv-09410 [3]. - Investors have until December 30, 2025, to request to be appointed to lead the case [3]. Group 2: Company Performance and Allegations - Synopsys provides design automation software products, with its Design IP segment growing from 25% of revenue in 2022 to 31% in 2024 [4]. - The company claimed that customers relied on its IP to minimize integration risk and speed time to market, while also stating strength in Europe and South Korea [5]. - Contrary to these claims, it is alleged that Design IP customers required more customization, negatively impacting the economics of the Design IP business and jeopardizing the business model [5]. Group 3: Financial Impact - On September 9, 2025, Synopsys reported Q3 2025 results, revealing a 7.7% year-over-year decline in revenue for the Design IP segment, totaling $425.9 million, and a 43% year-over-year decline in net income, amounting to $242.5 million [6]. - Following the release of these results, Synopsys stock fell nearly 36%, from $604.37 per share to $387.78 per share [6].
JEF LEGAL NOTICE: Lose Money on Jefferies Financial Group Inc.? You may have been Affected by Fraud and are Urged to Contact BFA Law about its Ongoing Investigation
Globenewswire· 2025-12-19 12:08
Core Viewpoint - Jefferies Financial Group Inc. and 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, while Point Bonita Capital is its trade finance arm [2]. - Both firms were closely associated with First Brands Group, an auto parts supplier that declared bankruptcy with $12 billion in debt [2][4]. 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 to $54.44 [3]. Group 3: SEC Investigation Details - The SEC is investigating whether Jefferies provided adequate information to investors regarding their exposure to the auto business prior to its bankruptcy [4]. - The investigation also includes scrutiny of internal controls and potential conflicts of interest within Jefferies and Point Bonita [4][5]. Group 4: Legal Implications - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and Point Bonita made materially false and misleading statements to investors concerning their significant exposure to First Brands [5].
INSP LEGAL NOTICE: Lose Money on Inspire Medical Systems, Inc.? You may have been Affected by Fraud and are Urged to Contact BFA Law by January 5 Deadline
Globenewswire· 2025-12-19 12:07
Core Viewpoint - A class action lawsuit has been filed against Inspire Medical Systems, Inc. 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 District of Minnesota, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Inspire stock [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 - Inspire allegedly 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%, causing the stock price to drop by $42.04, or more than 32%, from $129.95 to $87.91 per share [7][8].
Corporate director convicted of insider trading
Investment Executive· 2025-12-19 11:00
According to court filings, in May 2023, Haghighat learned about the proposed acquisition of the Seattle-based biopharmaceutical company, Chinook Therapeutics, Inc., where has was a director, by Novartis AG, in a US$3.2-billion deal.In anticipation of that deal, he then bought securities in the company, and tipped three others, who also bought shares. And, in June 2023, the two companies negotiated a deal that caused the target company’s shares to spike, generating profits for the four traders.Now, the jury ...
INVESTOR ALERT: Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (FUN) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-12-19 00:00
Core Viewpoint - The article discusses a class action lawsuit against Six Flags Entertainment Corporation, alleging that the company and its executives misled investors regarding the financial health and operational needs of the company prior to its merger with Cedar Fair, L.P. [1][3] Group 1: Lawsuit Details - The class action lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and was filed in the Northern District of Ohio [1]. - Purchasers of Six Flags common stock related to the merger have until January 5, 2026, to seek appointment as lead plaintiff [1]. - The lawsuit claims that the registration statement for the merger failed to disclose significant underinvestment in Legacy Six Flags, which required millions in additional capital to maintain operations [3]. Group 2: Financial Impact - On the merger closing date, July 1, 2024, Six Flags stock was trading above $55 per share, but subsequently fell to as low as $20 per share, representing a decline of nearly 64% [4]. - The lawsuit alleges that the company's operational competence and guest experience were degraded due to cost-cutting measures implemented by CEO Selim Bassoul, which further exacerbated the company's financial issues [3]. Group 3: Legal Representation - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a law firm known for its experience in prosecuting investor class actions and securities fraud cases [4][5]. - Robbins Geller has secured over $2.5 billion for investors in securities-related class action cases in 2024 alone, highlighting its significant role in investor protection [5].
FRMI INVESTIGATION ALERT: Investigation Launched into Fermi Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
Prnewswire· 2025-12-18 22:17
SAN DIEGO, Dec. 18, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Fermi Inc. (NASDAQ: FRMI) focused on whether Fermi and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in the Fermi investigation or if you are a Fermi investor who suffered a loss and would like to learn more, you can provide your i ...
Contact Levi & Korsinsky by January 23, 2026 Deadline to Join Class Action Against StubHub Holdings, Inc.(STUB)
Globenewswire· 2025-12-18 22:12
Core Viewpoint - A class action securities lawsuit has been filed against StubHub Holdings, Inc. due to alleged securities fraud affecting investors who purchased shares during the company's September 2025 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 StubHub Holdings, Inc. [2] - The complaint alleges that the company made false statements and concealed significant changes in payment timing to vendors, which adversely impacted free cash flow [3]. - It is claimed that the misleading reports on free cash flow led to materially false positive statements about the company's business and operations [3]. Group 2: Investor Information - Investors who suffered losses in StubHub Holdings, Inc. during the relevant time frame have until January 23, 2026, to request appointment as lead plaintiff [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [5].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of January 30, 2026 in DeFi Technologies Lawsuit – DEFT
Globenewswire· 2025-12-18 22:12
NEW YORK, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in DeFi Technologies ("DeFi Technologies" or the "Company") (NASDAQ: DEFT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of DeFi Technologies investors who were adversely affected by alleged securities fraud between May 12, 2025 and November 14, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/defi-te ...
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of February 2, 2026 in Blue Owl Capital Inc. Lawsuit – OWL
Globenewswire· 2025-12-18 22:11
NEW YORK, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Blue Owl Capital Inc. ("Blue Owl Capital Inc." or the "Company") (NYSE: OWL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Blue Owl Capital Inc. investors who were adversely affected by alleged securities fraud between February 6, 2025 and November 16, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/ps ...
Avantor, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – AVTR
Globenewswire· 2025-12-18 22:09
Core Viewpoint - A class action securities lawsuit has been filed against Avantor, Inc. alleging securities fraud that negatively impacted investors between March 5, 2024, and October 28, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Avantor's competitive positioning was misrepresented, indicating it was weaker than publicly stated [2]. - It is alleged that Avantor faced negative impacts from increased competition, which were not disclosed by the defendants [2]. - The representations made by the defendants regarding the company's business, operations, and prospects are claimed to be materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until December 29, 2025, to request appointment 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 [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].