Workflow
Securities Fraud
icon
Search documents
CoreWeave, Inc. (CRWV) Facing Securities Class Action Over Alleged Data Center Delays and Concealed Infrastructure Risks - Hagens Berman
Prnewswire· 2026-02-20 15:32
Core Viewpoint - CoreWeave, Inc. is facing a securities class action lawsuit alleging that the company misled investors about its ability to scale its AI infrastructure and meet revenue guidance, leading to significant financial losses for shareholders [1][1]. Group 1: Allegations and Impact - The lawsuit claims that CoreWeave overstated its capacity to meet customer demand and concealed operational risks associated with reliance on a single third-party data center supplier [1][1]. - Following the revelation of delays at a critical data center in Denton, Texas, CoreWeave's market capitalization dropped by approximately $14 billion [1][1]. - The company experienced a 16% stock price decline on November 11 after lowering its revenue guidance, contributing to a series of stock drops that resulted in billions in lost shareholder value [1][1]. Group 2: Operational Concerns - Plaintiffs allege that CoreWeave's ability to recognize revenue from its multibillion-dollar backlog was dependent on infrastructure that management was aware was not on track for timely completion [1][1]. - The complaint highlights that CoreWeave downplayed significant delays at its Denton facility, contradicting management's claims of "rapid scaling" [1][1]. - A Wall Street Journal report indicated that the completion of the Denton facility had been delayed by several months due to severe construction hurdles [1][1]. Group 3: Legal Proceedings - Hagens Berman, the law firm representing the plaintiffs, is actively advising investors who purchased CoreWeave shares during the class period from March 28, 2025, to December 15, 2025, and suffered losses [1][1]. - The deadline for lead plaintiffs to submit their claims is set for March 13, 2026 [1][1].
CLASS ACTION NOTICE: Berger Montague Advises Kyndryl Holdings, Inc. (KD) Investors to Inquire About a Securities Fraud Class Action
TMX Newsfile· 2026-02-20 14:36
Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. on behalf of investors who acquired Kyndryl securities during the specified class period, highlighting significant concerns regarding the company's financial disclosures and internal controls [1][3]. Group 1: Lawsuit Details - The lawsuit was initiated by Berger Montague PC, representing investors who purchased Kyndryl securities from August 7, 2024, to February 9, 2026 [1][2]. - Investors have until April 13, 2026, to seek appointment as lead plaintiff representatives [2]. - The lawsuit alleges that Kyndryl failed to file its Quarterly Report on Form 10-Q for the quarter ending December 31, 2025, and is under investigation by the SEC regarding its cash management practices [3]. Group 2: Financial Impact - Following the announcement of these issues, Kyndryl's shares dropped by $12.90, or 55%, closing at $10.59 per share on February 9, 2026 [4].
BELLRING BRANDS, INC. SECURITIES FRAUD NOTICE: Berger Montague Informs BellRing Brands, Inc. (NYSE: BRBR) Investors of Securities Fraud Lawsuit
Globenewswire· 2026-02-20 13:53
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. for allegedly misleading investors regarding the company's sales growth during the specified period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired BellRing securities from November 19, 2024, to August 4, 2025 [1]. - Investors have until March 23, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Company Background - BellRing Brands is headquartered in St. Louis, MO, and markets nutrition products including ready-to-drink protein shakes, nutrition drinks, powders, and protein bars under the Premier Protein and Dymatize brands [2]. Group 3: Allegations - The lawsuit claims that BellRing, along with its CEO and CFO, misled investors about sales growth, attributing it to factors like "organic growth" and "strong macro tailwinds around protein," while downplaying competition's impact [3]. - Contrary to these statements, the complaint alleges that sales were primarily driven by inventory stockpiling by key customers [3].
Marriott Vacations Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
Businesswire· 2026-02-20 13:01
Marriott Vacations Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their LossesFeb 20, 2026 8:01 AM Eastern Standard Time# Marriott Vacations Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their LossesShare---SAN DIEGO--([BUSINESS WIRE])--Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Marriott Vacations Worldwide Corporation (NYSE: VAC). The investigati ...
$FRMI Stock Loss: Fermi Inc. Hit with Securities Fraud Class Action after 33% Stock Drop, Investors have Until March 6 to Contact BFA Law to Seek Appointment
TMX Newsfile· 2026-02-20 11:17
New York, New York--(Newsfile Corp. - February 20, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI), certain of the Company's senior executives and directors, and underwriters of Fermi's Initial Public Offering after a significant stock drop resulting from potential violations of the federal securities laws. If you invested in Fermi, you are encouraged to obtain additional information by visiting: https://w ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Hub Group, Inc. - HUBG
Prnewswire· 2026-02-20 01:06
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by Hub Group, Inc. following the announcement of a financial restatement due to accounting errors [1] Financial Impact - Hub Group announced it would restate its financial statements for the first three quarters of 2025, resulting in a total reduction of $77 million in accounts payable and purchased transportation costs [1] - The company has delayed its full earnings release and is assessing the potential impact on its financial statements for 2023 and 2024, suggesting that the accounting errors may extend beyond 2025 [1] Stock Market Reaction - Following the announcement of the financial restatement, Hub Group's stock price fell by $9.37 per share, or 18.25%, closing at $41.96 per share on February 6, 2026 [1]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ralliant Corporation - RAL
Prnewswire· 2026-02-20 01:06
Core Viewpoint - Pomerantz Law Firm is investigating claims on behalf of investors of Ralliant Corporation regarding potential securities fraud or unlawful business practices following a significant financial impairment announcement [1] Financial Results - On February 4, 2026, Ralliant reported a $1.4 billion non-cash goodwill impairment in its Test & Measurement segment, linked to its acquisition of EA Elektro-Automatik [1] - The impairment was attributed to revised long-term expectations for the EA business and a reduction in industry forecasts for future electric vehicle (EV) adoption [1] Stock Market Reaction - Following the announcement of the impairment, Ralliant's stock price dropped by $17.89 per share, representing a decline of 31.79%, closing at $38.39 per share on February 5, 2026 [1]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gemini Space Station, Inc. - GEMI
Prnewswire· 2026-02-20 01:06
Core Viewpoint - Pomerantz Law Firm is investigating potential securities fraud and unlawful business practices involving Gemini Space Station, Inc. following the departure of key executives and a significant drop in stock price [1] Group 1: Company Overview - Gemini Space Station, Inc. (NASDAQ: GEMI) conducted its initial public offering on September 12, 2025, selling 15,937,501 shares of Class A common stock at a price of $28.00 per share [1] - The company announced the departure of Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen, and Chief Legal Officer Tyler Meade, effective February 17, 2026 [1] Group 2: Stock Performance - Following the announcement of executive departures, Gemini's stock price fell by $0.975 per share, representing a decline of 12.9%, closing at $6.585 per share on February 17, 2026 [1] Group 3: Legal Investigation - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, and is currently investigating claims on behalf of Gemini's investors [1] - The firm has a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [1]
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in PayPal Holdings, Inc. of Class Action Lawsuit and Upcoming Deadlines - PYPL
Prnewswire· 2026-02-20 01:06
Core Insights - A class action lawsuit has been filed against PayPal Holdings, Inc. for alleged securities fraud and unlawful business practices [1] - PayPal reported disappointing financial results for Q4 and the full fiscal year 2025, leading to a withdrawal of its 2027 financial targets [1] - The company attributed its poor performance to macroeconomic factors, competition, and operational issues [1] Financial Performance - PayPal's Q4 and full fiscal year 2025 earnings results were disappointing, particularly in Branded Checkout [1] - The company has lowered its financial guidance, indicating a slowdown compared to previous targets [1] Leadership Changes - Alex Chriss has departed as the Chief Executive Officer of PayPal [1] Legal Context - Investors who suffered losses are encouraged to contact Pomerantz LLP to potentially become Lead Plaintiffs in the class action [1] - The deadline for investors to join the class action is April 20, 2026 [1]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Franklin BSP Realty Trust, Inc. - FBRT
Prnewswire· 2026-02-20 01:06
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Franklin BSP Realty Trust, Inc. - FBRT [Accessibility Statement] Skip NavigationNEW YORK, Feb. 19, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Franklin BSP Realty Trust, Inc. ("Franklin" or the "Company") (NYSE: FBRT). Such investors are advised to contact Danielle Peyton at [[email protected]] or 646-581-9980, ext. 7980.The investigation concerns whether Franklin and certain of its offi ...