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ADM ALERT: Bragar Eagel & Squire, P.C. is Investigating Archer-Daniels-Midland Company on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-11 01:00
Core Viewpoint - Archer-Daniels-Midland Company (ADM) is facing a class action lawsuit alleging breaches of fiduciary duties by its board of directors, particularly concerning the performance and prospects of its Nutrition segment [1][3]. Group 1: Lawsuit Details - The class action complaint was filed on January 24, 2024, covering a Class Period from April 30, 2020, to January 22, 2024 [1]. - The lawsuit claims that ADM has spent billions over the past decade to expand its Nutrition business to mitigate commodity price volatility in its traditional agricultural commodities trading [2]. Group 2: Allegations Against ADM - Defendants are accused of making false and misleading statements regarding the Nutrition segment's performance and accounting practices [3]. - Positive statements were made about the Nutrition segment being a future profit driver, capitalizing on healthier eating trends and rising consumer demand for natural ingredients [3]. - There was an implication that the growth of the Nutrition segment would enhance diversification and earnings stability for ADM [3].
Johnson Fistel has Commenced an Investigation on Behalf of SentinelOne, Inc. Shareholders
GlobeNewswire News Room· 2025-06-05 16:59
Core Viewpoint - Johnson Fistel, PLLP is investigating claims against SentinelOne, Inc. regarding alleged misconduct by its officers and directors, which may impact shareholders who have held shares since June 1, 2022 [1][2]. Group 1: Investigation Details - The investigation focuses on claims that SentinelOne's officers and directors made false or misleading statements and failed to disclose significant issues, including ineffective internal controls over accounting and financial reporting [2]. - Allegations include that SentinelOne's Annualized Recurring Revenue (ARR) was overstated, leading to inflated guidance from the company [2]. Group 2: Legal Context - A class action complaint has already been filed against SentinelOne, indicating ongoing legal challenges for the company [2]. - Shareholders may have the opportunity to hold the company's officers and directors personally responsible for the alleged harm [2]. Group 3: Law Firm Background - Johnson Fistel, PLLP is a nationally recognized law firm specializing in shareholder rights and securities class action lawsuits, with multiple offices across the United States [3]. - The firm has a strong track record, having recovered approximately $90,725,000 for clients in cases where it served as lead or co-lead counsel [4].
Johnson Fistel Investigates Quantum Computing: Long-Term Investors Encouraged to Reach Out
GlobeNewswire News Room· 2025-06-03 19:56
Core Viewpoint - Johnson Fistel, PLLP is investigating potential breaches of fiduciary duties by directors and officers of Quantum Computing Inc. (QCI), focusing on their obligations to shareholders [1]. Group 1: Legal Investigation - A class action complaint has been filed against QCI, alleging that the defendants made false and misleading statements regarding the company's quantum computing technologies and relationships with NASA [3]. - The complaint claims that QCI overstated its technological capabilities, the nature of its contracts with NASA, and its progress in developing a TFLN foundry [3]. - It is alleged that QCI's revenues were partially based on undisclosed related party transactions, which could significantly harm the company's business and reputation once revealed [3]. Group 2: Shareholder Rights - Current long-term QCI shareholders may have legal claims that can be brought against the company's directors and officers [2]. - Shareholders interested in discussing their legal rights are encouraged to contact the lead analyst at Johnson Fistel [2].
Johnson Fistel Investigates Fairness of Proposed Sale of Blueprint Medicines
GlobeNewswire News Room· 2025-06-02 16:48
Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into potential breaches of fiduciary duties by the board members of Blueprint Medicines Corporation in relation to its proposed sale to Sanofi [1] Group 1: Acquisition Details - Blueprint Medicines has entered into a definitive agreement with Sanofi to sell all outstanding shares for $129.00 per share in cash, along with a non-tradeable contingent value right that could yield two milestone payments of $2 and $4 for future development and regulatory achievements related to BLU-808 [2] - The transaction agreement includes a provision that restricts Blueprint's ability to solicit or accept superior proposals, imposing a significant termination fee if the board pursues a competing bid [3] Group 2: Market Analysis - A Wall Street analyst has set a price target of $167 per share for Blueprint's common stock, which is significantly higher than the agreed transaction price of $129.00 [3]
Glenbrook Calls on Tejon's Independent Directors to Act Now to Let Shareholders Call Special Meetings
Prnewswire· 2025-05-22 15:30
Core Viewpoint - Glenbrook Capital Management urges Tejon Ranch Co.'s Board to implement a shareholder proposal allowing shareholders with 10% ownership to call a special meeting, highlighting significant shareholder support and questioning the timing of a recent $200 million shelf offering [1][2][4]. Group 1: Shareholder Proposal - Glenbrook emphasizes that over 49% of shareholders supported the Special Meeting Proposal at the Annual Meeting, despite Tejon spending over $3 million to oppose it [2][3]. - The proposal's failure was attributed to the stock awarded to Board members, indicating a disconnect between the Board's interests and those of public shareholders [3]. Group 2: Board Conduct and Shareholder Relations - Glenbrook criticizes the current Board's lack of transparency and hostility, contrasting it with the hope for a more open approach from independent directors [2]. - The election of Andrew Dakos at the Annual Meeting is seen as a sign of shareholder discontent with the Board's actions [2]. Group 3: Concerns Over Recent Offering - The $200 million shelf offering filed shortly after the Annual Meeting raises concerns about potential dilution of public shareholders, especially given Tejon's history of insider purchases in rights offerings [4]. - Glenbrook questions whether this offering is an attempt to alter shareholder dynamics before the next Annual Meeting, given the timing and lack of prior notice to shareholders [4].
BIOAGE ALERT: Bragar Eagel & Squire, P.C. is Investigating BioAge Labs, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-05-22 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against BioAge Labs, Inc. due to a class action complaint related to the company's IPO and alleged breaches of fiduciary duties by its board of directors [1] Group 1: Legal Investigation - A class action complaint was filed against BioAge on January 7, 2024, concerning its registration statement for the IPO held on September 26, 2024 [1] - The investigation focuses on whether BioAge's board of directors has breached their fiduciary duties to the company [1] Group 2: Product and Market Impact - On December 6, 2024, BioAge announced the discontinuation of the STRIDES Phase 2 trial for its lead product candidate, azelaprag, due to safety concerns related to elevated liver transaminase levels [2] - This announcement was unexpected, as BioAge had previously highlighted azelaprag's potential in patients undergoing obesity therapy with incretin drugs during its IPO [2] Group 3: Stock Price Reaction - Following the announcement regarding the discontinuation of the trial, BioAge's stock price fell significantly from $20.09 per share on December 6, 2024, to $4.65 per share on December 7, 2024 [3]
Johnson Fistel has Commenced an Investigation on Behalf of CareDx, Inc. Shareholders
GlobeNewswire News Room· 2025-05-22 00:48
Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into CareDx, Inc. for potential breaches of fiduciary duties and violations of federal securities laws [1][2]. Investigation Details - The investigation focuses on actions taken by CareDx insiders between April 30, 2020, and February 24, 2022, which involved issuing false and misleading statements about the company's compliance with healthcare laws and revenue growth [2]. - CareDx began disclosing issues on October 28, 2021, revealing that the company was under multiple government investigations and that its financial results were significantly lower than previously reported [2]. - By November 3, 2022, CareDx's share price had decreased by over 77.22% from its previous levels [2]. Shareholder Information - Current stockholders who have held CareDx stock since at least January 2021 are encouraged to contact Johnson Fistel to discuss their legal rights regarding the investigation [3].
TASK ALERT: TaskUs Shareholders Interesting In Pursuing Potential Claims Should Contact Shareholder Rights Firm Regarding Proposed Buyout
Prnewswire· 2025-05-17 12:00
Core Viewpoint - The proposed buyout of TaskUs, Inc. by its three largest shareholders, including Blackstone, is under investigation due to concerns about the fairness of the deal and potential conflicts of interest [1][4]. Company Overview - TaskUs is recognized as a leading provider of outsourced digital services and next-generation customer experience for innovative companies [2]. - The company has a positive outlook, with Wall Street analysts setting an average one-year stock price target of $18.50 per share, and a high target of $22 per share [2]. Buyout Details - On May 9, 2025, TaskUs announced its sale to a buyer group that already holds a majority of the company's voting power, with the buyout price set at $16.50 per share for public shareholders [3]. - The buyout is being pursued by Blackstone and co-founders Bryce Maddock and Jaspar Weir, who will continue their roles in the company post-acquisition [3][4]. Legal Investigation - Julie & Holleman LLP is investigating the buyout for potential legal claims, citing concerns over the deal's fairness and the low buyout price compared to the company's true value [1][4].
Iovance Shareholders Should Contact Shareholder Rights Firm Regarding Potential Legal Claims
Prnewswire· 2025-05-17 12:00
Core Viewpoint - Julie & Holleman LLP is investigating potential claims against Iovance Biotherapeutics, Inc. and its executives due to recent losses suffered by the company's stockholders [1][2]. Group 1: Legal Investigation - A complaint filed in federal court alleges that Iovance and its executives misled investors by exaggerating the company's financial prospects and downplaying risk factors affecting growth potential [2]. - The complaint specifically claims that the company concealed its inability to generate demand and was ill-equipped to capitalize on existing demand for its treatments through its network of approved treatment centers [2]. Group 2: Firm Background - Julie & Holleman LLP is a boutique law firm specializing in shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations [4]. - The firm's attorneys have a track record of securing hundreds of millions of dollars for aggrieved companies and their shareholders [4].
MODIVCARE ALERT: Bragar Eagel & Squire, P.C. is Investigating ModivCare, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-05-16 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against ModivCare, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specified class period [1] Summary by Relevant Sections Class Action Allegations - The class action claims that ModivCare made misleading statements regarding its contracts' ability to stabilize cash flow, leading to significant stock price declines as the truth about the company's business emerged [2] - On September 16, 2024, ModivCare revised its 2024 Adjusted EBITDA guidance from a range of $185-$195 million to $170-$180 million, primarily due to pricing accommodations in the NEMT segment to retain key customer relationships [2] - Following this announcement, ModivCare's stock price dropped by $1.40, nearly 10%, from $14.12 per share on September 15, 2024, to $12.72 per share on September 16, 2024, with unusually high trading volume [2] Contact Information - Long-term stockholders of ModivCare who have information or questions regarding the claims can contact Bragar Eagel & Squire, P.C. via email or telephone, with no cost or obligation [3] About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various complex litigations across state and federal courts [4]