Workflow
Securities Fraud
icon
Search documents
INVESTOR REMINDER: Important James Hardie Industries plc Securities Class Action Deadline Approaching on December 23 for Investors with Losses – Contact BFA Law
Globenewswire· 2025-11-25 13:33
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc 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 Northern District of Illinois, titled Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, et al., No. 1:25-cv-13018 [3]. - Investors have until December 23, 2025, to request to be appointed to lead the case [3]. Group 2: Company Background - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [4]. Group 3: Allegations of Fraud - The complaint alleges that James Hardie misrepresented the strength and momentum of its North American fiber cement segment, claiming sales were driven by sustainable customer demand rather than inventory loading by channel partners [5]. - The company stated on May 20, 2025, that it was experiencing "normal stock levels" and expected performance, which was later contradicted by actual sales data [5]. Group 4: Stock Performance - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, attributed to destocking efforts by customers [6]. - Following this announcement, the stock price plummeted by $9.79 per share, a decrease of over 34%, from $28.43 to $18.64 [6]. Group 5: Executive Changes - On November 17, 2025, it was announced that Rachel Wilson would step down from her role as CFO [7].
STUB CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit On Behalf Of StubHub Holdings, Inc. Shareholders
Businesswire· 2025-11-25 02:14
Core Viewpoint - Glancy Prongay & Murray LLP has filed a class action lawsuit against StubHub Holdings, Inc. on behalf of shareholders who purchased stock during the company's September 2025 IPO, alleging securities fraud due to misleading statements in the registration statement [1][7]. Company Overview - StubHub conducted its IPO on September 17, 2025, selling approximately 34 million shares of Class A common stock at a price of $23.50 per share [3]. - Following the IPO, StubHub reported negative free cash flow of $4.6 million for Q3 2025, a 143% decrease from the previous year's positive free cash flow of $10.6 million [4]. - The company's net cash provided by operating activities also decreased by 69.3%, from $12.4 million in the previous year to $3.8 million [4]. Stock Performance - After the Q3 2025 financial results were announced, StubHub's stock price fell by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025 [5]. - By the time the lawsuit commenced, StubHub's stock was trading as low as $10.31 per share, representing a nearly 56% decline from the IPO price [6]. Allegations in the Lawsuit - The lawsuit claims that the registration statement was materially false and misleading, failing to disclose significant adverse facts about the company's business and operations [7]. - Specific allegations include undisclosed changes in the timing of payments to vendors, which adversely impacted free cash flow, leading to misleading reports [8].
Freeport-McMoRan Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before January 12, 2026 to Discuss Your Rights – FCX
Globenewswire· 2025-11-24 20:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit due to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [3]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [3]. - The allegations include that these safety issues constituted undisclosed risks of regulatory, litigation, and reputational damage [3]. - As a result, statements made by the defendants regarding Freeport-McMoRan's business and operations were materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Shareholder Alert: The Ademi Firm investigates whether Blue Foundry Bancorp is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-11-24 19:00
Core Points - The Ademi Firm is investigating Blue Foundry for potential breaches of fiduciary duty related to its transaction with Fulton Financial [1] - Blue Foundry shareholders will receive 0.6500 shares of Fulton common stock for each share, valuing Blue Foundry at $11.67 per share based on Fulton's share price of $17.96 [2] - The transaction agreement imposes significant penalties for accepting competing bids, raising concerns about the Blue Foundry board's fiduciary duties [3] Company Specifics - The transaction values Blue Foundry at approximately $11.67 per share, indicating a significant valuation based on the exchange ratio with Fulton Financial [2] - Blue Foundry insiders are set to receive substantial benefits as part of the change of control arrangements, which may raise questions about the fairness of the deal for public shareholders [2] Legal and Regulatory Concerns - The investigation focuses on whether the Blue Foundry board is fulfilling its fiduciary duties to all shareholders, particularly in light of the penalties imposed on competing bids [3] - The Ademi Firm specializes in shareholder litigation involving mergers and buyouts, indicating a broader context of scrutiny in similar transactions [4]
Shareholder Alert: The Ademi Firm investigates whether Green Dot Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-11-24 15:00
Core Viewpoint - The Ademi Firm is investigating Green Dot for potential breaches of fiduciary duty and other legal violations related to its transaction with Smith Ventures and CommerceOne Financial Corporation [1][3]. Transaction Details - In the transaction, Green Dot shareholders will receive $8.11 per share in cash plus 0.2215 shares of a new publicly traded bank holding company [2]. - Green Dot insiders are set to receive substantial benefits as part of the change of control arrangements [2]. Investigation Focus - The transaction agreement imposes significant penalties on Green Dot if it accepts competing bids, which may limit competing transactions unreasonably [3]. - The investigation will assess whether the Green Dot board of directors is fulfilling their fiduciary duties to all shareholders [3].
DEADLINE APPROACHING: Berger Montague Advises Cepton, Inc. (NASDAQ: CPTN) Investors to Inquire About a Securities Fraud Class Action by December 8, 2025
Prnewswire· 2025-11-24 14:06
Accessibility StatementSkip Navigation PHILADELPHIA  , Nov. 24, 2025 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Cepton, Inc. (NASDAQ: CPTN) ("Cepton" or the "Company") on behalf of investors who purchased or sold Cepton shares during the period of July 29, 2024 through January 6, 2025 (the "Class Period"). Investor Deadline: Investors who purchased or sold Cepton securities during the Class Period may, no later than December 8, 2025, seek to ...
CLASS ACTION REMINDER: Berger Montague Advises Marex Group PLC (NASDAQ: MRX) Investors to Inquire About a Securities Fraud Lawsuit by December 8, 2025
Prnewswire· 2025-11-24 13:21
Core Viewpoint - A class action lawsuit has been filed against Marex Group plc due to allegations of financial improprieties, including a multi-year accounting scheme that concealed losses and inflated profits [1][3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Marex shares from May 16, 2024, to August 5, 2025 [1][2]. - Investors have until December 8, 2025, to seek appointment as lead plaintiff [2]. Group 2: Allegations Against Marex - NINGI Research reported that Marex engaged in a multi-year accounting scheme involving off-balance-sheet entities and fictitious transactions [3]. - The report highlighted discrepancies in intercompany receivables and loans across over 56 entities, amounting to multi-million-dollar differences [3]. - Marex allegedly concealed nearly $1 billion in off-balance-sheet derivatives, inflating operating cash flow by misclassifying structured note issuance as income [4]. Group 3: Market Reaction - Following the release of the report, Marex's stock price fell by $2.33, or 6.2%, closing at $35.31, resulting in significant investor losses [4].
JEFFERIES NOTICE: Jefferies Financial Group Inc. (JEF) Faces Securities Fraud Investigation after Stock Drops 8%, Investors Urged to Contact BFA Law
Newsfile· 2025-11-24 11:08
Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm, Point Bonita Capital, are under investigation for potential violations of federal securities laws following a significant drop in stock price after revealing substantial exposure to First Brands Group, which recently filed for bankruptcy [2][4][6]. Group 1: Company Overview - Jefferies Financial Group Inc. is an investment banking and capital markets firm, with Point Bonita Capital serving as its trade finance division [4]. - Point Bonita Capital and Jefferies were closely associated with First Brands Group, an auto parts supplier that declared bankruptcy in September 2025 [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 [5]. - Following this announcement, Jefferies' stock price fell by $4.66 per share, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [5]. Group 3: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors regarding their exposure to First Brands [6]. - Investors are reportedly seeking redemptions from Point Bonita in light of the situation [5].
INSPIRE NOTICE: Inspire Medical Systems, Inc. (INSP) Faces Securities Fraud Allegations after Stock Drops 32%, Investors Urged to Contact BFA Law
Newsfile· 2025-11-24 11:08
INSPIRE NOTICE: Inspire Medical Systems, Inc. (INSP) Faces Securities Fraud Allegations after Stock Drops 32%, Investors Urged to Contact BFA LawNovember 24, 2025 6:08 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 24, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Inspire Medical Systems, Inc. (NYSE: INSP) and certain of the Company's senior executives for securities fraud after ...
JAMES HARDIE NOTICE: James Hardie Industries plc (JHX) Faces Securities Fraud Allegations after Stock Drops 34%, Investors Urged to Contact BFA Law
Newsfile· 2025-11-24 11:08
Core Viewpoint - James Hardie Industries plc (JHX) is facing a class action lawsuit for securities fraud following a significant stock drop of over 34% due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - A class action lawsuit has been filed against James Hardie and certain senior executives, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until December 23, 2025, to request to be appointed to lead the case, which is pending in the U.S. District Court for the Northern District of Illinois [3]. Group 2: Company Background - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [4]. Group 3: Stock Performance and Allegations - The company previously claimed strong performance in its North American fiber cement segment, stating it was seeing "normal stock levels" and expected performance [5]. - However, it was alleged that the sales were inflated due to inventory loading by channel partners, indicating fraudulent channel stuffing rather than genuine customer demand [5]. - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, leading to a stock price drop from $28.43 to $18.64 per share, a decrease of $9.79 or over 34% [6]. Group 4: Management Changes - On November 17, 2025, it was announced that Rachel Wilson would step down from her role as CFO [7].