Securities Fraud
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Law Offices of Frank R. Cruz Encourages Six Flags Entertainment Corporation (FUN) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2025-11-14 17:06
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation for alleged securities fraud related to its merger with Cedar Fair, with shareholders encouraged to inquire about their rights and potential claims [1][2]. Company Overview - Six Flags completed a merger with Cedar Fair on July 1, 2024, creating North America's largest regional amusement park operator with a portfolio of approximately 40 amusement parks, water parks, and resort properties [3]. Financial Performance - On August 6, 2025, Six Flags reported second quarter 2025 revenue of $930 million and adjusted EBITDA of $243 million, both significantly below consensus estimates [4]. - The company's debt-to-earnings leverage ratio increased to 6.2x, prompting considerations for divesting non-core assets [4]. - Six Flags reduced its 2025 EBITDA guidance by $215 million at the midpoint and announced the resignation of CEO Richard Zimmerman [4]. Stock Performance - Following the merger, Six Flags stock traded above $55 per share but subsequently fell to as low as $20 per share, representing a nearly 64% decline, which adversely affected investors [5]. Lawsuit Details - The class action lawsuit alleges that the Registration Statement for the merger was negligently prepared, leading to materially false and misleading statements and failure to disclose adverse facts about the company's operations and prospects [6][7]. - Specific allegations include underinvestment in parks, undisclosed capital needs, and unrealistic revenue and earnings projections presented to investors [7].
Law Offices of Frank R. Cruz Encourages Inspire Medical Systems, Inc. (INSP) Shareholders to Inquire About Securities Fraud Class Action
Businesswire· 2025-11-14 17:06
Core Viewpoint - A class action lawsuit has been filed against Inspire Medical Systems, Inc. (INSP) for securities fraud, following a significant drop in stock price due to poor performance and misleading statements regarding the launch of its new sleep apnea device, Inspire V [1][3][5]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of shareholders who purchased Inspire common stock between August 6, 2024, and August 4, 2025, with a deadline for filing a lead plaintiff motion set for January 5, 2026 [1]. - The lawsuit alleges that the company made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the class period [5]. Group 2: Company Performance - On August 4, 2025, Inspire disclosed that the launch of the Inspire V device was facing delays due to issues such as incomplete training for treatment centers, software update delays, and excess inventory leading to poor demand [3]. - The company reduced its 2025 earnings guidance by over 80%, from a range of $2.20 to $2.30 per share down to $0.40 to $0.50 per share [3]. Group 3: Stock Impact - Following the announcement of these issues, Inspire's stock price fell by $42.04, or 32.4%, closing at $87.91 per share on August 5, 2025, resulting in significant losses for investors [4].
INSPIRE MEDICAL SYSTEMS INVESTORS: Inspire Medical Systems, Inc. (INSP) has been Sued for Securities Fraud, Investors are Urged to Contact BFA Law
Newsfile· 2025-11-14 11:09
Core Viewpoint - Inspire Medical Systems, Inc. is facing a class action lawsuit for securities fraud following a significant drop in stock price due to alleged violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit has been filed against Inspire Medical Systems and certain senior executives, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. - Investors have until January 5, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Minnesota [4]. 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 [5]. Group 3: Stock Performance and Issues - On August 4, 2025, Inspire disclosed that the launch of Inspire V would face an "elongated timeframe," leading to a reduction in 2025 earnings per share guidance by over 80% [8]. - The stock price dropped by $42.04 per share, or more than 32%, from $129.95 on August 4, 2025, to $87.91 on August 5, 2025, following this announcement [9]. Group 4: Allegations of Mismanagement - The lawsuit alleges that Inspire failed to adequately prepare clinicians and payors for the rollout of Inspire V, resulting in significant delays and weak demand due to excess inventory of older devices [7][8].
CARMAX INVESTORS: CarMax, Inc. (KMX) has been Sued for Securities Fraud, Investors are Urged to Contact BFA Law
Newsfile· 2025-11-14 11:08
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][3]. Company Overview - CarMax, Inc. is a leading retailer of used cars, which has recently faced scrutiny due to disappointing financial results and allegations of misleading investors regarding demand for its vehicles [4][6]. Financial Performance - For the second quarter of fiscal year 2026, CarMax reported a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units. The net income for the quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. - The stock price of CarMax fell by $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025, following the announcement of these disappointing results [7]. Legal Issues - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, with investors encouraged to seek lead plaintiff status by January 2, 2026 [3]. - The unexpected departure of CEO Bill Nash on November 6, 2025, and a weak preliminary outlook for Q3 2025 further contributed to the decline in stock price, which dropped over 24% following this news [7].
JEFFERIES INVESTORS: Jefferies Financial Group Inc. (JEF) is being Investigated for Securities Fraud, Investors are Urged to Contact BFA Law
Newsfile· 2025-11-14 11:08
Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm Point Bonita Capital are under investigation for potential securities fraud related to their significant exposure to First Brands Group, which recently filed for bankruptcy [1][3][5]. 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 [3]. - Point Bonita Capital had approximately $715 million in exposure to First Brands' receivables, accounting for about 25% of its trade finance portfolio [4]. Group 2: Financial Impact - Following the announcement of the exposure to First Brands, Jefferies' stock price dropped by $4.66, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [4]. Group 3: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and Point Bonita made materially false and misleading statements to investors regarding their exposure to First Brands [5].
Securities Fraud Investigation Into Freeport-McMoran Inc. (FCX) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
Businesswire· 2025-11-13 22:21
Group 1 - The Law Offices of Frank R. Cruz is investigating Freeport-McMoran Inc. for potential violations of federal securities laws [1] - The investigation is aimed at investors who may have lost money on Freeport-McMoran Inc. [1] - Freeport disclosed on September 9, 2025, that it was suspending mining operations [1]
Zimmer Biomet Holdings, Inc. (ZBH) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Businesswire· 2025-11-13 21:41
Core Viewpoint - An investigation has been announced regarding Zimmer Biomet Holdings, Inc. for potential violations of federal securities laws, which may impact investors who have suffered losses [1] Group 1 - The Law Offices of Howard G. Smith is representing investors of Zimmer Biomet Holdings, Inc. in this investigation [1] - Investors who experienced losses in Zimmer Biomet Holdings, Inc. are encouraged to contact the law firm to discuss potential claims for recovery [1]
Law Offices of Howard G. Smith Encourages Inspire Medical Systems, Inc. (INSP) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2025-11-13 21:39
Core Viewpoint - A class action lawsuit has been filed against Inspire Medical Systems, Inc. for securities fraud, following a significant drop in stock price due to poor performance and misleading statements regarding the launch of its new sleep apnea device, Inspire V [1][4][5]. Company Performance - On August 4, 2025, Inspire disclosed that the launch of the Inspire V device was facing delays due to issues such as incomplete training for treatment centers, software update delays, and excess inventory leading to poor demand [3]. - The company reduced its 2025 earnings guidance by over 80%, from a range of $2.20 to $2.30 per share down to $0.40 to $0.50 per share [3]. Stock Market Reaction - Following the announcement on August 5, 2025, Inspire's stock price fell by $42.04, or 32.4%, closing at $87.91 per share, which resulted in significant losses for investors [4]. Allegations in the Lawsuit - The lawsuit alleges that during the class period, the company made materially false and misleading statements and failed to disclose adverse facts about its business and operations, including poor demand for Inspire V and issues with training and IT systems [5]. - Specific failures included not completing necessary training for treatment centers, not updating critical software for claims processing, and not ensuring Medicare reimbursement was in place at launch [5].
CarMax, Inc. (KMX) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-11-13 20:55
Core Viewpoint - Investors in CarMax, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of misleading statements regarding the company's growth prospects [1][3]. Summary by Sections Lawsuit Details - The lawsuit alleges that between June 20, 2025, and November 5, 2025, CarMax's management failed to disclose that the company's growth was overstated and was primarily driven by temporary factors related to customer behavior influenced by tariff speculation [3]. Investor Participation - Investors who suffered losses in CarMax are encouraged to contact the Law Offices of Howard G. Smith before January 2, 2026, to participate in the ongoing class action lawsuit [2][4]. Legal Rights - Investors have the option to retain their own counsel or remain absent from the class action without taking any immediate action [5].
Securities Fraud Investigation Into Six Flags Entertainment Corporation (FUN) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Businesswire· 2025-11-13 19:51
Core Viewpoint - Glancy Prongay & Murray LLP has initiated an investigation into Six Flags Entertainment Corporation regarding potential violations of federal securities laws [1] Company Summary - The investigation is on behalf of investors who may have incurred losses related to Six Flags Entertainment Corporation [1]