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INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ultra Clean
GlobeNewswire News Room· 2025-04-26 14:34
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ultra Clean Holdings, Inc. due to allegations of misleading statements regarding demand for its products in the Chinese market, which led to significant stock price declines following the company's earnings report [4][6][8]. Group 1: Legal Investigation - Faruqi & Faruqi is encouraging investors who suffered losses in Ultra Clean between May 6, 2024, and February 24, 2025, to discuss their legal options [1][4]. - A federal securities class action has been filed against Ultra Clean, with a deadline of May 23, 2025, for investors to seek the role of lead plaintiff [4][9]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [5]. Group 2: Allegations Against Ultra Clean - The complaint alleges that Ultra Clean and its executives violated federal securities laws by making false or misleading statements about the demand for its products in China during fiscal year 2024 [6]. - The company faced a customer ramp issue and inventory and demand corrections, which were not disclosed, leading to a misrepresentation of the true state of demand [6]. Group 3: Market Reaction - On February 24, 2025, Ultra Clean reported "demand softness" in China, which was attributed to extended qualification timelines and inventory absorption [7]. - Following this announcement, Ultra Clean's stock price plummeted from $36.06 per share to $25.90 per share, a decline of over 28% in one day [8].
APPLOVIN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against AppLovin Corporation - APP
GlobeNewswire News Room· 2025-04-23 02:14
Core Viewpoint - AppLovin Corporation is facing securities class action lawsuits for failing to disclose material information during the class period from May 10, 2023, to March 26, 2025, which may have led to significant financial losses for investors [1][3]. Company Summary - AppLovin's executives are accused of violating federal securities laws by not disclosing critical information that could impact investors [3]. - The company's stock price experienced a significant decline due to allegations of "Ad Fraud" and manipulative practices, dropping from $377.06 on February 25, 2025, to $331.00 on February 26, 2025 [4]. - Following further reports of improper use of proprietary data, AppLovin's shares fell by 20.1%, from $327.62 to $261.70 on March 27, 2025 [5]. Legal Context - The first lawsuit filed against AppLovin is Quiero v. AppLovin Corporation, et al., No. 25-cv-02294, with a subsequent case expanding the class period [6]. - Investors who purchased AppLovin securities during the class period have until May 5, 2025, to file lead plaintiff applications [1][2].