Securities Fraud
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Securities Fraud Investigation Into Tandem Diabetes Care, Inc. (TNDM) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Globenewswire· 2025-10-01 16:00
Core Viewpoint - Tandem Diabetes Care, Inc. is under investigation for potential violations of federal securities laws following a malfunction in its insulin pumps that could endanger patients and lead to significant financial losses for investors [1][2]. Company Summary - On August 7, 2025, Tandem disclosed a malfunction in some of its insulin pumps that could lead to a discontinuation of insulin delivery, potentially resulting in hyperglycemia and requiring hospitalization [2]. - The company notified affected customers between July 22 and 24, 2025, about the issue [2]. - Following this announcement, Tandem's stock price dropped by $2.87, or 19.9%, closing at $11.52 per share on the same day, indicating a significant impact on investor value [3]. Legal and Investigation Context - Glancy Prongay & Murray LLP is leading the investigation on behalf of Tandem investors to explore possible claims for recovering losses incurred due to the stock price decline [1][4]. - The law firm has a strong track record in securities litigation, having recovered billions for investors and consistently ranked among the top firms in securities class action settlements [6][7].
Securities Fraud Investigation Into Marex Group plc (MRX) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Globenewswire· 2025-10-01 16:00
Core Viewpoint - Marex Group plc is under investigation for potential violations of federal securities laws following allegations of accounting misconduct, including concealing significant losses and inflating profits through off-balance-sheet entities and misleading disclosures [1][2]. Group 1: Allegations and Financial Impact - A report by NINGI Research claims that Marex has concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund, which it controls and trades with, leading to inflated operating cash flow [2]. - Following the allegations, Marex's stock price dropped by $2.33, or 6.2%, closing at $35.31 per share on August 5, 2025, resulting in financial harm to investors [3]. Group 2: Legal and Whistleblower Information - Glancy Prongay & Murray LLP is representing investors in pursuing claims to recover losses related to Marex [2]. - Individuals with non-public information about Marex are encouraged to consider participating in the SEC Whistleblower Program, which offers rewards of up to 30% of any successful recovery made by the SEC [5]. Group 3: About the Law Firm - Glancy Prongay & Murray LLP is a prominent law firm specializing in securities litigation and has a strong track record in recovering billions for investors [6][7].
Securities Fraud Investigation Into Tandem Diabetes Care, Inc. (TNDM) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Globenewswire· 2025-09-30 19:00
Core Viewpoint - Tandem Diabetes Care, Inc. is under investigation for potential violations of federal securities laws following a malfunction in its insulin pumps that could endanger patients and impact investors [1][2]. Group 1: Company Issues - On August 7, 2025, Tandem disclosed a malfunction in some insulin pumps that could lead to a cessation of insulin delivery, potentially causing hyperglycemia and requiring medical intervention [2]. - The company notified affected customers between July 22 and 24, 2025, regarding the malfunction [2]. Group 2: Market Impact - Following the announcement of the malfunction, Tandem's stock price dropped by $2.87, or 19.9%, closing at $11.52 per share on August 7, 2025, resulting in financial harm to investors [3].
LNTH Announcement: Contact Kessler Topaz Meltzer & Check, LLP About the Securities Fraud Class Action Lawsuit Filed Against Lantheus Holdings, Inc. (LNTH)
Globenewswire· 2025-09-30 16:56
Core Viewpoint - A securities class action lawsuit has been filed against Lantheus Holdings, Inc. for allegedly making false and misleading statements regarding its product PYLARIFY and its competitive position during the specified Class Period from February 26, 2025, to August 5, 2025 [1][2]. Group 1: Allegations Against Lantheus - The lawsuit claims that Lantheus misled investors about the competitive position of PYLARIFY, failing to properly assess pricing and competitive dynamics [2]. - It is alleged that Lantheus did not disclose that a price increase in early 2025, despite previous price erosion, created opportunities for competitive pricing, jeopardizing PYLARIFY's revenue and growth potential [2]. - The complaint asserts that the public statements made by Lantheus were materially false and misleading throughout the Class Period [2]. Group 2: Legal Process and Participation - Investors in Lantheus have until November 10, 2025, to seek appointment as lead plaintiff, representing the class in the litigation [3]. - A lead plaintiff is typically the investor or group of investors with the largest financial interest and who are representative of the class [3]. - Participation as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm aims to protect investors and consumers from fraud and negligence by businesses [4].
C3.ai, Inc. (AI) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Globenewswire· 2025-09-30 16:00
Core Viewpoint - Investors in C3.ai, Inc. have the opportunity to lead a securities fraud class action lawsuit due to alleged misleading statements regarding the company's growth and the health of its CEO [1][2]. Summary by Sections Lawsuit Details - The lawsuit claims that from February 26, 2025, to August 8, 2025, C3.ai's management failed to disclose critical information, including that the company's optimistic growth reports were overly reliant on the CEO's health, which had not sufficiently improved [2]. - It is alleged that the positive statements made by the company regarding its business operations and future prospects were materially misleading and lacked a reasonable basis during the relevant period [2]. Participation Information - Investors who suffered losses on their C3.ai investments are encouraged to participate in the class action lawsuit, with a lead plaintiff deadline set for October 21, 2025 [2]. - Interested parties can contact Glancy Prongay & Murray LLP for more information or to learn about their rights regarding the lawsuit [3][4].
Securities Fraud Investigation Into AVITA Medical, Inc. (RCEL) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Globenewswire· 2025-09-30 00:45
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating AVITA Medical, Inc. for potential violations of federal securities laws following significant financial issues related to unpaid claims for its Recell procedures [1][2]. Financial Performance - On August 7, 2025, AVITA Medical reported its second quarter 2025 financial results, indicating a six-month backlog in unpaid provider claims for Recell procedures, which negatively impacted first-half demand [2]. - The backlog was attributed to contractors from the Centers for Medicare & Medicaid Services failing to assign adequate pricing and timely adjudication of claims, leading to uncertainty among providers and reduced utilization of Recell [2]. Stock Market Reaction - Following the announcement of the financial issues, AVITA's stock price dropped by $1.13, or 21%, closing at $4.25 per share on August 8, 2025, resulting in losses for investors [2].
Securities Fraud Investigation Into America's Car-Mart, Inc. (CRMT) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Globenewswire· 2025-09-30 00:36
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating America's Car-Mart, Inc. for potential violations of federal securities laws following significant stock price declines related to financial disclosures and performance issues [1][2][3][4]. Group 1: Investigation Background - On July 15, 2025, Car-Mart announced a delay in filing its annual report due to the need for enhanced disclosures regarding loan modifications for financially distressed borrowers, resulting in a stock price drop of $3.12 (5.2%) to $57.26 [2]. - On July 30, 2025, Car-Mart revealed that certain previously issued financial statements were no longer reliable due to omissions in disclosures about loan modifications, causing the stock price to fall by $3.70 (7.5%) to $45.57 [3]. - On September 4, 2025, Car-Mart reported a 5.7% decline in sales volumes, attributing it to a focus on customer quality and vehicle performance, leading to a significant stock price drop of $8.14 (18.2%) to $36.51 [4].
MLTX BREAKING NEWS: BFA Law is Investigating MoonLake Immunotherapeutics (NASDAQ: MLTX) for Securities Fraud after Stock Drops 90% on Drug Trial Results, Investors Urged to Contact the Firm
Globenewswire· 2025-09-29 22:20
Core Viewpoint - MoonLake Immunotherapeutics is under investigation for potential violations of federal securities laws following disappointing results from its Phase 3 VELA trials for sonelokimab, leading to a significant drop in stock price [1][3]. Company Overview - MoonLake Immunotherapeutics is a clinical stage biotechnology company focused on therapies for inflammatory skin and joint diseases [2]. Trial Results - On September 29, 2025, MoonLake reported week 16 results from the VELA Phase 3 trials, which were highly anticipated but yielded disappointing outcomes, raising concerns about the drug's regulatory approval and commercial viability [3]. Stock Market Impact - Following the announcement of the trial results, MoonLake's stock price plummeted by $55.75 per share, nearly 90%, from $61.99 on September 28, 2025, to $6.24 on September 29, 2025 [3].
Firefly Aerospace INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (FLY)
Globenewswire· 2025-09-29 21:28
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Firefly Aerospace for possible violations of federal securities laws or other unlawful business practices [1][3]. Financial Performance - On August 7, 2025, Firefly offered 19,296,000 shares at a public offering price of $45.00 per share [3]. - Firefly reported revenue of $15.5 million for its initial quarterly results, reflecting a year-over-year decline of over 27% [3]. - The company reported total operating expenses of $58.3 million, which is a year-over-year increase of more than 12% [3]. - Following the financial report, Firefly's share price dropped by $7.58, or approximately 15.31%, from $49.52 on September 22, 2025, to close at $41.94 on September 23, 2025 [3].
Deadline Alert: Tronox Holdings PLC (TROX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-09-29 16:00
Core Viewpoint - Tronox Holdings PLC is facing a class action lawsuit due to significant financial losses reported in Q2 2025, which led to a drastic drop in stock price and allegations of misleading statements by the company's management [2][3][4]. Financial Performance - On July 30, 2025, Tronox reported a significant reduction in sales for its TiO2 product, attributing it to a "softer than anticipated coatings season and heightened competitive dynamics" [2]. - The company revised its 2025 financial outlook, lowering its full-year revenue guidance and reducing its dividend by 60% [2]. Stock Market Reaction - Following the financial results announcement, Tronox's stock price fell by $1.95, or 37.9%, closing at $3.19 per share on July 31, 2025, resulting in investor losses [3]. Lawsuit Details - The class action lawsuit alleges that Tronox's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [4]. - Specific allegations include the company's inability to forecast demand for its products and the promotion of unrealistic margin projections based on expected sales volumes [4]. Legal Action - Investors who purchased Tronox common stock during the class period (February 12, 2025, to July 30, 2025) have until November 3, 2025, to file a lead plaintiff motion in the class action lawsuit [1][5].