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CLASS ACTION REMINDER: Berger Montague Advises Six Flags Entertainment Corp. (FUN) Investors to Inquire About a Securities Fraud Lawsuit by January 5, 2026
TMX Newsfile· 2025-12-18 16:21
Core Points - A class action lawsuit has been filed against Six Flags Entertainment Corp. on behalf of investors who acquired shares between July 1, 2024, and November 5, 2025, particularly related to the merger with Cedar Fair L.P. [1][3] - The lawsuit claims that the merger registration statement and prospectus did not accurately reflect Six Flags' financial and operational status, highlighting years of underinvestment that left the parks needing significant capital to stay competitive [3] - Following the merger closing on July 1, 2024, Six Flags' stock price dropped from over $55 per share to as low as $20, representing a 64% loss in value [4] Company Overview - Six Flags, headquartered in Arlington, Texas, is a prominent owner and operator of theme and water parks [2] - The law firm Berger Montague PC, which is leading the class action, specializes in complex civil litigation and has a strong track record in recovering significant amounts for clients [5]
TUESDAY INVESTOR DEADLINE: James Hardie Industries plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
TMX Newsfile· 2025-12-18 14:15
Core Viewpoint - The James Hardie Industries plc is facing a class action lawsuit alleging securities fraud due to misleading statements about its North America Fiber Cement segment's performance during a period of inventory destocking [1][4][5]. Group 1: Lawsuit Details - The class action lawsuit is titled "Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc" and was filed in the Northern District of Illinois [1]. - The lawsuit claims that James Hardie and certain executives violated the Securities Exchange Act of 1934 by providing false assurances about the strength of their business segment despite evidence of inventory destocking [4]. - Investors are encouraged to seek appointment as lead plaintiff by December 23, 2025, if they purchased James Hardie common stock between May 20, 2025, and August 18, 2025 [1][6]. Group 2: Financial Impact - On August 19, 2025, James Hardie reported a 12% decline in sales for its North America Fiber Cement segment, attributed to customer destocking, which was first identified in April and May 2025 [5]. - Following this disclosure, the stock price of James Hardie dropped by over 34%, indicating a significant market reaction to the news [5]. Group 3: Company Background - James Hardie Industries designs and manufactures a variety of fiber cement building products, with manufacturing facilities located in both the United States and Australia [3]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, is recognized as a leading firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [7].
Grabar Law Office Investigates Claims on Behalf of Long-Term Shareholders of Holley Inc. (HLLY) f/k/a Empower Ltd. After Securities Fraud Class Action Survives Motion to Dismiss
TMX Newsfile· 2025-12-18 13:10
Core Viewpoint - Holley Inc. (NYSE: HLLY) is facing a federal securities fraud class action lawsuit, with allegations that the company misled investors regarding its financial health and relationships with resellers and distributors [2][3]. Group 1: Allegations of Misleading Statements - The lawsuit claims that Holley Inc. made false or misleading statements about its direct-to-consumer (DTC) channel, which negatively impacted its relationships with resellers and distributors, crucial for the majority of its revenue [2]. - It is alleged that Holley's discounting strategies to promote the DTC channel undermined pricing discipline, further damaging relationships with resellers and distributors [2]. - The complaint states that due to strained relationships, resellers and distributors reduced their purchases of Holley products and returned products at levels significantly above historical norms [2]. Group 2: Financial Impact and Operational Issues - Holley's DTC channel growth was insufficient to offset the negative financial impacts stemming from deteriorating relationships with resellers and distributors [2]. - The company reportedly failed to integrate and capture synergies from its acquisitions, leading to inefficient operations, excess costs, and inventory management problems [2]. - Holley is accused of misleading investors about the sustainability of its sales growth, which was temporarily boosted by COVID-related stimulus funds [2]. Group 3: Legal Proceedings - The court has determined that the complaint has sufficiently pleaded allegations of falsity and scienter, meeting the necessary criteria to survive a motion to dismiss [3]. - Current shareholders of Holley who held shares since on or shortly after July 21, 2021, can seek corporate reforms and a court-approved incentive award at no cost [4].
LRN INVESTOR ALERT: Stride, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-12-18 03:07
Core Viewpoint - The Stride, Inc. class action lawsuit alleges significant misconduct by the company and its executives, including fraudulent practices that inflated enrollment numbers and ignored compliance requirements, leading to substantial financial losses for investors [3][4][5]. Group 1: Allegations of Misconduct - The lawsuit claims that Stride inflated enrollment figures by retaining "ghost students" and cut staffing costs by overloading teachers beyond statutory limits [3]. - It is alleged that Stride ignored compliance requirements, including background checks and special education services, and suppressed whistleblowers who reported financial directives to delay hiring and deny services [3]. - A complaint filed by the Gallup-McKinley County Schools Board of Education against Stride included allegations of fraud and deceptive practices, which reportedly led to a nearly 12% drop in Stride's stock price [4]. Group 2: Financial Impact - Following a report of poor customer experience, Stride announced that it faced "higher withdrawal rates" and "lower conversion rates," estimating a loss of approximately 10,000-15,000 enrollments, which contributed to a more than 54% decline in stock price [5]. - The lawsuit indicates that these issues have resulted in a muted outlook for Stride compared to previous years [5]. Group 3: Legal Process - Investors who purchased Stride securities during the specified class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to represent the interests of all class members [6]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [6]. Group 4: About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has been recognized for its significant recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [7].
CVBF Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of CVB Financial Corp. is Fair to Shareholders
Businesswire· 2025-12-18 02:07
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the merger between CVB Financial Corp. and Heritage Commerce Corp for CVB shareholders, particularly focusing on whether the board acted in the best interest of shareholders [1][3]. Group 1: Merger Details - Upon completion of the merger, CVB shareholders will own approximately 77% of the combined company [1]. - The investigation is centered on whether CVB and its board violated federal securities laws and/or breached fiduciary duties by not obtaining the best possible consideration for shareholders [3]. Group 2: Legal Rights and Options - Halper Sadeh encourages CVB shareholders to explore their legal rights and options regarding the merger [2]. - The firm may seek increased consideration for shareholders, additional disclosures, and other benefits related to the proposed transaction [4]. Group 3: Firm Background - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having recovered millions for defrauded investors [5].
HTBK Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Heritage Commerce Corp is Fair to Shareholders
Businesswire· 2025-12-18 02:06
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Heritage Commerce Corp to CVB Financial Corp, specifically whether the exchange of 0.6500 shares of CVB common stock for each Heritage share is equitable for Heritage shareholders [1]. Group 1: Investigation Details - The investigation focuses on potential violations of federal securities laws and breaches of fiduciary duties by Heritage and its board, including failure to secure the best possible consideration for shareholders [2]. - Concerns include whether CVB is underpaying for Heritage and whether all material information necessary for shareholders to assess the merger consideration has been disclosed [2]. Group 2: Legal Actions - Halper Sadeh LLC may seek increased consideration for Heritage shareholders, additional disclosures, and other forms of relief related to the proposed transaction [3]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [3].
KMX Deadline: KMX Investors Have Opportunity to Lead CarMax, Inc. Securities Fraud Lawsuit Filed by The Rosen Law Firm
Prnewswire· 2025-12-17 23:15
Core Viewpoint - Rosen Law Firm is reminding investors who purchased CarMax, Inc. securities between June 20, 2025, and November 5, 2025, of the January 2, 2026, deadline to become lead plaintiffs in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought CarMax securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiffs must act by January 2, 2026 [3]. - The lawsuit alleges that defendants made materially false and misleading statements regarding CarMax's growth prospects, which were overstated due to temporary market conditions [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been recognized as a leader in the field of securities class action litigation [4].
AVTR Deadline: AVTR Investors Have Opportunity to Lead Avantor, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-12-17 21:39
Core Viewpoint - Rosen Law Firm is reminding purchasers of Avantor, Inc. common stock during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The class period for the Avantor common stock lawsuit is from March 5, 2024, to October 28, 2025, inclusive [1] - Investors who purchased Avantor common stock during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by December 29, 2025 [2] Group 2: Law Firm Credentials - Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company [3] - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3] Group 3: Case Allegations - The lawsuit alleges that Avantor's competitive positioning was misrepresented, indicating it was weaker than publicly stated [4] - It claims that Avantor faced negative impacts from increased competition, leading to materially false and misleading representations about its business and prospects [4] - The lawsuit asserts that when the true details became known, investors suffered damages [4]
RZLT: Rezolute, Inc. Investigated for Securities Fraud; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm
Globenewswire· 2025-12-17 21:31
BOSTON, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Rezolute, Inc. (Nasdaq: RZLT) for potential securities law violations. Investors who have lost money in their Rezolute, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/rzlt. What is this all about? Shares of Rezolute fell over 85 percent on December 11, after the company announced that its Phase 3 sunRIZE study in congenital hyperi ...
LRN ANNOUNCEMENT: Stride, Inc. Investors are Notified of the Pending Securities Class Action and to Contact BFA Law by January 12 Deadline
TMX Newsfile· 2025-12-17 20:36
New York, New York--(Newsfile Corp. - December 17, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Stride, Inc. (NYSE: LRN) and certain of the Company's senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Stride, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/stride-inc-class-act ...