Securities Fraud
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fulgent Genetics, Inc. - FLGT
Prnewswire· 2025-05-20 22:06
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Fulgent Genetics, Inc. and its officers or directors [1][2] Group 1: Investigation Details - Pomerantz LLP is representing investors of Fulgent Genetics, Inc. in an investigation regarding claims of securities fraud [1] - The investigation follows a civil investigative demand received by Fulgent from the U.S. Department of Justice concerning potential false claims under the Uninsured Program [2] - Following the disclosure of the civil investigative demand, Fulgent's stock price decreased by $0.41 per share, or 2.61%, closing at $15.28 per share on March 3, 2025 [2] Group 2: Company Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of over 85 years in the field [3] - The firm has a track record of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [3]
Johnson Fistel Continues Investigation on Behalf of Proficient Auto Logistics, Inc. (PAL) Shareholders
GlobeNewswire News Room· 2025-05-20 18:01
SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP is investigating whether Proficient Auto Logistics, Inc. (NASDAQ: PAL) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased PAL securities? If you purchased securities and suffered losses ...
INVESTOR ALERT: Cohen Milstein Investigates Claims Against GoHealth, Inc. (GOCO) on Behalf of Investors
GlobeNewswire News Room· 2025-05-20 17:59
Core Viewpoint - Cohen Milstein Sellers & Toll PLLC is investigating GoHealth, Inc. for potential securities fraud related to a Medicare Advantage kickback scheme following a complaint from the Department of Justice [1][5]. Group 1: Investigation Details - The U.S. Department of Justice filed a False Claims Act complaint against GoHealth, alleging that from 2016 to at least 2021, the company and several insurers paid hundreds of millions of dollars in illegal kickbacks to brokers for enrollments in Medicare Advantage plans [5]. - Following the DOJ's lawsuit announcement, GoHealth's stock price dropped by $1.09 per share, or 10.35%, closing at $9.44 per share on May 1, 2025 [5]. Group 2: Investor Information - Investors who purchased shares of GoHealth between 2016 and May 1, 2025, are encouraged to contact Cohen Milstein for more information regarding the investigation [2]. - The law firm is actively seeking additional information and assistance related to the investigation [4]. Group 3: Law Firm Background - Cohen Milstein is recognized as one of the leading plaintiffs' law firms in the U.S., with a strong track record in securities litigation, having recovered billions for investors [7].
BITF Investors Have Opportunity to Lead Bitfarms Ltd. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-05-20 14:40
LOS ANGELES, May 20, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bitfarms Ltd. ("Bitfarms" or "the Company") (NASDAQ: BITF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 21, 2023 and December 9, 2024, inclusive (the "Class Period"), are e ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Meta Platforms, Inc. - META
Prnewswire· 2025-05-20 13:00
NEW YORK, May 20, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Meta Platforms, Inc. ("Meta" or the "Company") (NASDAQ: META). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Meta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On May 15, 2025, the Wall St ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ADTRAN Holdings, Inc. - ADTN
Prnewswire· 2025-05-20 13:00
Core Viewpoint - ADTRAN Holdings, Inc. is under investigation for potential securities fraud and unlawful business practices following the disclosure of issues with its financial statements [1][2]. Financial Disclosure - On May 13, 2025, ADTRAN announced that its audited consolidated financial statements for Fiscal 2024 and Fiscal 2023, as well as unaudited interim financial statements for specific periods in 2024, should no longer be relied upon and would be restated [2]. - The company identified at least one additional material weakness in its internal control over financial reporting as of December 31, 2024 [2]. Stock Market Reaction - Following the announcement of the financial statement issues, ADTRAN's stock price decreased by $0.41 per share, representing a 4.79% decline, closing at $8.15 per share on May 14, 2025 [2]. Legal Context - Pomerantz LLP is investigating claims on behalf of ADTRAN investors, indicating potential legal actions related to the company's financial disclosures [1].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of New Fortress Energy Inc. - NFE
Prnewswire· 2025-05-20 13:00
Core Viewpoint - New Fortress Energy Inc. is under investigation for potential securities fraud and unlawful business practices following a significant decline in its financial performance in Q1 2025 [1][2]. Financial Performance - New Fortress reported total revenue of $470.5 million for Q1 2025, a decrease from $690.3 million in Q1 2024, representing a decline of approximately 31.8% [2]. - The company experienced a net loss of $197.4 million, or $0.73 per share, compared to a net income of $56.7 million, or $0.26 per share, in the same period of the previous year [2]. Stock Market Reaction - Following the release of the disappointing financial results, New Fortress's stock price fell by $4.27 per share, or 62.98%, closing at $4.27 per share on May 15, 2025 [3].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of EchoStar Corporation - SATS
Prnewswire· 2025-05-20 13:00
NEW YORK, May 20, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of EchoStar Corporation ("EchoStar" or the "Company") (NASDAQ: SATS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 The investigation concerns whether EchoStar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. ...
Solaris Energy Infrastructure, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights - SEI
Prnewswire· 2025-05-20 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Solaris Energy Infrastructure, Inc. made false statements and concealed critical information regarding its acquisition of Mobile Energy Rentals LLC (MER), including MER's lack of corporate history in mobile turbine leasing and its non-diversified earnings stream [3]. - It is alleged that MER's co-owner has a criminal background associated with turbine-related fraud, which misled investors about the commercial prospects of the acquisition [3]. - The complaint also states that Solaris inflated its profitability metrics by failing to properly depreciate its turbines, leading to materially misleading statements about the company's business and operations [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating a no-cost participation model [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [5].
Solaris Energy Infrastructure, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights – SEI
GlobeNewswire News Room· 2025-05-19 17:29
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a memb ...