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Kessler Topaz Meltzer & Check, LLP - CoreWeave (CRWV) Class Action Lawsuit: Investors Face March 13, 2026, Deadline
Globenewswire· 2026-03-03 15:45
Core Points - A securities fraud class action lawsuit has been filed against CoreWeave, Inc. for alleged misstatements and omissions regarding its operational capabilities and reliance on a single third-party data center supplier during the class period from March 28, 2025, to December 15, 2025 [2][6]. Company Overview - CoreWeave, Inc. is publicly traded on NASDAQ under the ticker CRWV [6]. - The lawsuit claims that CoreWeave overstated its ability to meet customer demand and misrepresented the financial risks associated with its reliance on a single supplier [3][6]. Stock Performance - CoreWeave's stock experienced significant declines following key events: a 6% drop after the termination of a merger agreement with Core Scientific on October 30, 2025, and a further 16% drop after announcing lowered revenue guidance due to delays from a third-party data center provider on November 11, 2025 [4]. - Additional revelations about delays affecting multiple data centers led to a nearly 4% decline in stock price on December 15, 2025 [4]. Legal Actions - Investors who purchased CoreWeave securities during the class period are encouraged to contact Kessler Topaz Meltzer & Check, LLP for potential recovery options [3][6]. - The deadline for investors to seek lead plaintiff status in the class action is March 13, 2026 [2][6].
Kessler Topaz Meltzer & Check, LLP - Ultragenyx Pharmaceutical Inc. (RARE) Securities Fraud Class Action Lawsuit Filed; March 13, 2026, Lead Plaintiff Deadline
Globenewswire· 2026-03-03 15:44
Core Viewpoint - A securities fraud class action lawsuit has been filed against Ultragenyx Pharmaceutical Inc. for misleading statements regarding its drug setrusumab, affecting investors who purchased stock between August 3, 2023, and December 26, 2025 [2][4][7]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Northern District of California, under the case name Bailey v. Ultragenyx Pharmaceutical Inc., et al [2]. - Investors have until April 6, 2026, to file for lead plaintiff status [2][6][8]. - The allegations include that Ultragenyx misrepresented the reliability of data regarding setrusumab's effects on Osteogenesis Imperfecta and downplayed risks associated with its Phase III Orbit study [4][7]. Group 2: Stock Performance - On December 29, 2025, Ultragenyx's stock price dropped over 42%, from $34.19 per share on December 26, 2025, to $19.72 per share, following the announcement that its Phase III studies did not achieve statistical significance [5]. Group 3: Investor Actions - Affected investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP for recovery options at no cost [3][9]. - Investors can choose to file for lead plaintiff status or remain as absent class members, with the lead plaintiff representing the interests of the class [8].
VRNS 6-DAY DEADLINE ALERT: Varonis Systems Facing Securities Class Action Over Alleged SaaS Transition Failure and Undisclosed Renewal Softness- Hagens Berman
Prnewswire· 2026-03-03 14:25
Core Viewpoint - Varonis Systems, Inc. is facing a securities class action lawsuit due to alleged failures in transitioning to a Software-as-a-Service (SaaS) model and undisclosed weaknesses in its renewal rates, particularly in its Federal vertical and legacy on-premises business [1] Financial Impact - The company's stock experienced a 48% drop in a single day, falling from $63.00 to $32.34, resulting in a loss of approximately $3.8 billion in market value [1] - Following the Q3 performance miss, Varonis significantly reduced its Q4 revenue and full-year Annual Recurring Revenue (ARR) guidance [1] Allegations of Misrepresentation - The lawsuit claims Varonis executives misled investors by asserting strong growth prospects and a successful transition to SaaS, while the reality showed a struggling renewal cycle and inadequate conversion of existing customers [1] - Varonis had previously stated it was "well on our way" to becoming a SaaS company and had a "massive opportunity" to increase ARR from its existing customer base, which the lawsuit argues was not supported by actual performance [1] Legal Proceedings - The lead plaintiff deadline for the ongoing lawsuit is set for March 9, 2026, and affected investors are encouraged to contact the law firm Hagens Berman for assistance [1]
CRWV 10-DAY DEADLINE ALERT: Hagens Berman Analyzes CoreWeave (CRWV) $452M Q4 Loss and Soft Guidance Amid Ongoing Securities Fraud Litigation
Prnewswire· 2026-03-03 14:22
Core Insights - CoreWeave, Inc. reported a Q4 2025 net loss of $452 million, or $0.89 per share, nearly doubling the anticipated loss of $0.49 per share by analysts [1] - The company provided a soft Q1 2026 revenue guidance of $1.9 billion to $2.0 billion, significantly below the consensus estimate of $2.3 billion, leading to a nearly 20% drop in CRWV shares [1] - Allegations of operational failures have surfaced, prompting a securities class action lawsuit against CoreWeave and its executives [1] Financial Performance - The reported Q4 net loss of $452 million represents a substantial financial setback for CoreWeave, indicating severe operational challenges [1] - The company's Q1 2026 revenue guidance of $1.9 billion to $2.0 billion is a notable decline from market expectations, reflecting ongoing difficulties in meeting demand [1] Legal and Regulatory Issues - A securities class action lawsuit has been filed against CoreWeave, alleging violations of the Securities Exchange Act of 1934, including overstating scaling capabilities and concealing critical delays in operational execution [1] - The lawsuit seeks to recover losses for investors who acquired CoreWeave securities between March 28, 2025, and December 15, 2025, highlighting the potential for further legal ramifications [1] Market Impact - Following the release of disappointing Q4 results and soft guidance, CoreWeave's stock experienced significant downward pressure, exacerbating existing concerns about the company's operational viability [1] - The ongoing litigation and operational challenges may continue to affect investor confidence and stock performance in the near term [1]
FRMI 3-DAY DEADLINE ALERT: Fermi Inc. Facing Securities Class Action Over IPO And Subsequent Disclosures -- Hagens Berman
Prnewswire· 2026-03-03 14:10
Core Viewpoint - Fermi Inc. is facing a securities class action lawsuit alleging misrepresentation regarding the demand for its Project Matador AI data center and the stability of its primary tenant, following a significant drop in stock price after the termination of a key funding agreement [1]. Summary by Relevant Sections Allegations of Misrepresentation - The lawsuit claims that Fermi and its executives made misleading statements about the viability of Project Matador, particularly regarding tenant demand and funding commitments [1]. - The complaint highlights that Fermi's IPO materials may have created an inflated perception of demand to secure investor financing [1]. Impact of Tenant Agreement Termination - On December 12, 2025, Fermi announced the termination of a $150 million Advance in Aid of Construction Agreement (AICA) by its first tenant, leading to a nearly 34% drop in stock price in one day [1]. - Following the announcement, Fermi's stock price fell to as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [1]. Class Action Details - The class action seeks to represent investors who purchased Fermi's common stock during the IPO and those who acquired securities between October 1, 2025, and December 11, 2025 [1]. - The lawsuit alleges that Fermi concealed significant risks associated with relying on a single tenant for funding, which could jeopardize the project's financing [1].
Richtech Robotics Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before April 3, 2026 to Discuss Your Rights - RR
Prnewswire· 2026-03-03 14:00
Core Viewpoint - Richtech Robotics Inc. is facing a securities fraud class action lawsuit due to allegations of issuing materially false and misleading statements regarding its relationship with Microsoft and the overall business prospects of the company [1] Group 1: Lawsuit Details - The class period for the lawsuit is from January 27, 2026, to January 29, 2026 [1] - Allegations include that Richtech falsely claimed a collaborative and commercial relationship with Microsoft, which did not exist [1] - The lawsuit asserts that the defendants' statements about Richtech's business operations and prospects were materially false and misleading [1] Group 2: Shareholder Actions - Shareholders who purchased shares during the class period are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1] - The deadline for shareholders to register for the class action is April 3, 2026 [1] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [1] Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect the rights of investors affected by deceit and fraud, ensuring companies adhere to responsible business practices [1] - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to artificial inflation of stock prices [1]
Uber Technologies, Inc. Investigated by the Portnoy Law Firm
Globenewswire· 2026-03-03 14:00
Core Viewpoint - The Portnoy Law Firm has initiated an investigation into potential securities fraud involving Uber Technologies, Inc. and may file a class action lawsuit on behalf of investors [1]. Group 1: Legal Actions and Investigations - The Portnoy Law Firm is encouraging investors to contact them to discuss their legal rights and options for pursuing claims to recover losses [2]. - The firm has a history of representing investors in claims related to corporate wrongdoing, with over $5.5 billion recovered for aggrieved investors [4]. Group 2: Stock Performance and Regulatory Issues - Uber's stock price decreased by $2.32, or 3.1%, closing at $72.92 per share on April 21, 2025, following news of a lawsuit filed by the U.S. Federal Trade Commission [3]. - The FTC's lawsuit alleges deceptive billing and cancellation practices related to Uber One subscription services, claiming that cancellation is difficult and can incur additional fees, and that promised savings are inaccurate [3].
Enphase Energy, Inc. (ENPH) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law
Globenewswire· 2026-03-03 13:45
Core Viewpoint - Enphase Energy, Inc. is facing a class action lawsuit for allegedly making false statements and failing to disclose critical information regarding its financial and operational prospects during the specified class period [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled Tripathi v. Enphase Energy, Inc., and it involves purchasers or acquirers of Enphase Energy securities from April 22, 2025, to October 28, 2025 [1]. - The lawsuit alleges that Enphase Energy overstated its ability to manage channel inventory and mitigate the effects of the termination of the Residential Clean Energy Credit [3]. - Following the announcement of its third-quarter financial results on October 28, 2025, Enphase Energy's stock price fell by more than 15% due to concerns over elevated channel inventory and the expiration of the 25D Credit impacting future revenues [4]. Group 2: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Enphase Energy securities during the class period to seek appointment as lead plaintiff [5]. - A lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [5]. Group 3: Company Background - Enphase Energy designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry [2]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized as a leading firm in securities fraud litigation, having recovered over $916 million for investors in 2025 alone [6].
BRBR CLASS ACTION NOTICE: Berger Montague Encourages BellRing Brands, Inc. (BRBR) Investors to Inquire About a Securities Fraud Class Action
TMX Newsfile· 2026-03-03 13:41
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. for allegedly misleading investors regarding its sales growth during the specified period [1][3]. Group 1: Lawsuit Details - The lawsuit represents investors who acquired BellRing securities from November 19, 2024, to August 4, 2025 [1][2]. - Investors have until March 23, 2026, to seek appointment as lead plaintiff [2]. Group 2: Allegations Against BellRing - The lawsuit claims that BellRing, along with its CEO and CFO, misrepresented sales growth as being driven by increased consumer demand and organic growth, while downplaying competitive impacts [3]. - It is alleged that the actual sales growth was primarily due to inventory stockpiling by key customers [3]. Group 3: Stock Price Impact - On May 6, 2025, following revelations about reduced inventory levels at key retailers, BellRing's stock price fell by $14.88, or 19%, from $78.43 to $63.55 per share [4]. - On August 4, 2025, after adjusting its fiscal year 2025 sales outlook due to competition, the stock plummeted by $17.46, or 33%, from $53.64 to $36.18 per share [5].
Investor Reminder: Plug Power Inc. Faces Federal Securities Fraud Allegations after Stock Drops 17% -- Contact BFA Law before April 3 Court Deadline (NASDAQ: PLUG)
Globenewswire· 2026-03-03 11:33
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][4]. Group 1: Lawsuit Details - Investors have until April 3, 2026, to request to lead the case, which is pending in the U.S. District Court for the Northern District of New York [4][10]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Plug Power investors [4][10]. Group 2: Allegations Against Plug Power - Plug Power is accused of materially overstating the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance hydrogen production facilities [5]. - The company provides hydrogen fuel cell solutions and develops infrastructure for hydrogen production [5]. Group 3: Stock Performance and Impact - Plug Power's stock dropped 6.3% on October 7, 2025, following the abrupt departure of its CEO and President, falling from $4.13 to $3.87 per share [6]. - On November 10, 2025, the stock fell 3.4% after the company announced the suspension of activities under the DOE loan program, dropping from $2.65 to $2.56 per share [7]. - A further decline of 17.6% occurred on November 14, 2025, after reports confirmed the suspension of plans to construct hydrogen production facilities, with the stock price dropping from $2.49 to $2.25 per share [8].