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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of WPP plc Common Stock and Sets a Lead Plaintiff Deadline of December 8, 2025
Globenewswire· 2025-10-09 21:54
Core Viewpoint - A class action lawsuit has been filed against WPP plc, alleging that the company misled investors about its media arm's performance and ability to handle macroeconomic challenges, leading to significant stock price declines [4][5][6]. Company Summary - WPP plc is facing a class action lawsuit initiated by Jack Marty, which claims that the company provided misleading positive statements while concealing adverse facts about its media operations [4]. - The lawsuit covers the period from February 27, 2025, to July 8, 2025, during which WPP's stock price fell dramatically after the company reported a deterioration in performance [5][6]. - On July 9, 2025, WPP disclosed that it had experienced a decline in performance due to macroeconomic uncertainties and weaker new business, which was partly attributed to ongoing restructuring efforts [5]. Stock Performance - Following the negative trading update on July 9, 2025, WPP's stock price dropped from $35.82 to $29.34 per share, representing an approximate decline of 18.1% in one day [6].
Cytokinetics 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 Lawsuit Against Cytokinetics, Incorporated - CYTK
Globenewswire· 2025-10-08 01:24
Core Viewpoint - A securities class action lawsuit has been filed against Cytokinetics, Incorporated for failing to disclose material information during the class period from December 27, 2023, to May 6, 2025, which is in violation of federal securities laws [1][3]. Summary by Sections Lawsuit Details - Investors have until November 17, 2025, to file lead plaintiff applications in the lawsuit against Cytokinetics [1]. - The lawsuit is pending in the United States District Court for the Northern District of California [1]. Company Disclosures - On March 10, 2025, Cytokinetics announced that the FDA would not hold an advisory committee meeting to review its New Drug Application for the aficamten product [4]. - On May 6, 2025, the company revealed it had multiple pre-NDA meetings with the FDA regarding safety monitoring and risk mitigation but opted to submit the NDA without a Risk Evaluation and Mitigation Strategy [4]. Stock Price Impact - Following the disclosures, Cytokinetics' share price fell to $33.04 per share on May 7, 2025 [5]. Law Firm Background - Kahn Swick & Foti, LLC is a prominent securities litigation law firm, ranked among the top 10 firms nationally based on total settlement value [5]. - The firm represents a variety of clients, including institutional and retail investors, seeking recoveries for investment losses due to corporate fraud [5].
Dow 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 Lawsuit Against Dow Inc. - DOW
Globenewswire· 2025-10-08 01:21
Core Viewpoint - A securities class action lawsuit has been filed against Dow Inc. for failing to disclose material information during the class period, which has led to significant financial losses for investors [3]. Group 1: Lawsuit Details - Investors who purchased Dow securities between January 30, 2025, and July 23, 2025, have until October 28, 2025, to file lead plaintiff applications [1]. - The lawsuit is pending in the United States District Court for the Eastern District of Michigan, under the case name Sarti v. Dow Inc., No. 25-cv-12744 [5]. Group 2: Financial Performance - On July 24, 2025, Dow reported a non-GAAP loss per share of $0.42 for Q2 2025, significantly higher than the expected loss of approximately $0.17 to $0.18 per share [4]. - The company's net sales for the same quarter were $10.1 billion, reflecting a 7.3% year-over-year decline and missing consensus estimates by $130 million [4]. - Dow announced a dividend cut from $0.70 per share to $0.35 per share, citing the need for financial flexibility in a challenging macroeconomic environment [4]. Group 3: Market Reaction - Following the financial disclosures, Dow's share price fell by $5.30, or 17.45%, closing at $25.07 per share on July 24, 2025 [4].
NUTEX DEADLINE REMINDER: Bragar Eagel & Squire, P.C. Urges Nutex Investors to Contact the Firm Before the October 21st Deadline
Globenewswire· 2025-10-06 18:07
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Nutex (NUTX) To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Nutex between August 8, 2024 and August 14, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar ...
Paul Hastings partners: Key takeaways for public companies facing short-seller reports
Fortune· 2025-10-03 13:30
Core Insights - Short-seller reports can significantly disrupt a public company's trajectory by alleging financial misstatements or improper practices, often leading to a decline in stock prices for the benefit of the short-sellers [1][2] - The legal landscape surrounding short-seller reports is evolving, with courts increasingly allowing these reports to be used in securities litigation, which poses challenges for corporate leaders [2][3] Impact on Companies - The publication of short-seller reports can lead to immediate market volatility, eroding shareholder value and destabilizing investor relations [6] - Companies face multi-dimensional threats from short-seller reports, including potential litigation and reputational damage [4][6] Legal Considerations - Courts assess whether short-seller reports reveal genuinely new and credible information or merely compile existing data, impacting their admissibility in legal claims [3][5] - Recent court decisions indicate that while skepticism exists regarding short-seller reports, they can still be used to support claims of loss causation in securities litigation [5] Recommended Actions for Companies - Companies should annotate short reports under attorney direction to preserve legal protections and guide internal responses [7] - Public responses to short-seller reports should be carefully evaluated to avoid backlash, and offensive strategies may be employed selectively [8] - Monitoring stock price movements and trading activity is crucial, as courts often consider market reactions as evidence of loss causation [9][10] - Tracking short interest and derivatives activity can help identify coordinated short-selling campaigns [11] - Engaging specialized legal counsel with expertise in short-seller defense early in the process is essential for effective response [12] - Boards of directors should be promptly informed and involved in oversight to protect the company's interests [17] - Proactive communication with long-term investors and sell-side analysts can help mitigate reputational harm and counteract short-seller narratives [18] Conclusion - The prevalence of short-seller reports is expected to continue, and companies that implement strategic responses will be better positioned to maintain their trajectory and protect shareholder interests [19]
Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately
Prnewswire· 2025-10-03 12:36
Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. due to allegations of misleading statements regarding its product refresh cycle and growth projections [1][6]. Allegations - The lawsuit claims that Fortinet's statements about entering a major firewall "refresh cycle" were false and misleading, as the refresh involved old products that represented only a small part of the business [6]. - Fortinet projected $400 million to $450 million in product revenue for 2025-2026, but the lawsuit argues that the company lacked clarity on the number of firewalls that could actually be upgraded [6]. - By the second quarter of 2025, Fortinet had already completed nearly half of the refresh, contradicting claims of future momentum [6]. Stock Impact - Following the revelation on August 6, 2025, that Fortinet was 40-50% through the 2026 upgrade cycle and that customers had excess firewall capacity, the company's stock fell by 22%, from $96.58 to $75.30 on August 7, 2025 [6].
SNAP CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Snap Investors a Class Action Lawsuit Has Been Filed Against Snap, Inc. and Urges Investors to Contact the Firm
Globenewswire· 2025-09-29 21:19
Core Viewpoint - A class action lawsuit has been filed against Snap, Inc. for allegedly providing misleading statements regarding its advertising revenue growth, leading to significant losses for investors during the specified class period [8]. Allegation Details - The lawsuit claims that Snap's management made overly positive statements about the company's performance while concealing material adverse facts about its advertising revenue growth rate, which dropped from 9% in Q1 to only 1% in April [8]. - Snap's financial results announced on August 5, 2025, revealed a deceleration in advertising revenue growth, attributed to issues with its ad platform and other factors [8]. Stock Price Impact - Following the announcement of disappointing financial results, Snap's stock price fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [8]. Next Steps for Investors - Investors who purchased Snap shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].
Shareholders who lost money in shares of Cytokinetics, Incorporated (NASDAQ: CYTK) Should Contact Wolf Haldenstein Immediately Lead Plaintiff Deadline is November 17, 2025
Globenewswire· 2025-09-29 20:21
Core Viewpoint - A securities class action lawsuit has been filed against Cytokinetics, alleging that the company made materially false and misleading statements regarding the New Drug Application (NDA) for aficamten, which could impact investors who acquired the company's securities during the specified class period [1][8]. Allegations - The lawsuit claims that Cytokinetics misrepresented the timeline for the NDA submission and approval process for aficamten, stating that FDA approval was expected in the second half of 2025 with a PDUFA date of September 26, 2025 [8]. - The company allegedly failed to disclose significant risks, particularly the non-submission of a required Risk Evaluation and Mitigation Strategy (REMS), which could lead to delays in regulatory approval [8]. Key Dates - Investors must contact the law firm before November 17, 2025, to be considered for the lead plaintiff motion deadline [4]. Law Firm Background - Wolf Haldenstein Adler Freeman & Herz LLP, established in 1888, has extensive experience in securities litigation and aims to protect the rights of investors who have suffered financial harm due to misrepresented statements [5].
Shareholders who lost money in shares of Cytokinetics, Incorporated (NASDAQ: CYTK) Should Contact Wolf Haldenstein Immediately
Globenewswire· 2025-09-25 20:32
Core Viewpoint - A securities class action lawsuit has been filed against Cytokinetics, Incorporated for allegedly making false and misleading statements regarding the New Drug Application (NDA) for aficamten, which could impact the company's regulatory approval timeline [1][8]. Allegations - Defendants are accused of making materially false statements about the expected timeline for the NDA submission and approval process for aficamten, claiming FDA approval was anticipated in the second half of 2025 with a PDUFA date of September 26, 2025 [8]. - The company allegedly failed to disclose significant risks, particularly the omission of a required Risk Evaluation and Mitigation Strategy (REMS), which could lead to delays in regulatory approval [8]. Key Dates - Investors must contact the law firm before November 17, 2025, to be eligible for the lead plaintiff motion deadline [4]. Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP, with over 125 years of experience in securities litigation, is representing the investors in this case, emphasizing their commitment to justice for those financially harmed by misrepresented statements [5].
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Savara
Globenewswire· 2025-09-21 11:14
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Savara Inc. due to allegations of violations of federal securities laws related to misleading statements about the company's Biologics License Application (BLA) for MOLBREEVI [4][6]. Group 1: Legal Investigation and Claims - The firm is encouraging investors who suffered losses exceeding $50,000 in Savara between March 7, 2024, and May 23, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Savara, with a deadline of November 7, 2025, for investors to seek the role of lead plaintiff [4][8]. - The complaint alleges that Savara and its executives made false statements regarding the MOLBREEVI BLA, including insufficient information about its chemistry and manufacturing, which likely affected FDA approval [6]. Group 2: Stock Performance and Impact - Following the announcement of a refusal to file letter from the FDA regarding the MOLBREEVI BLA on May 27, 2025, Savara's stock price dropped by $0.90 per share, or 31.69%, closing at $1.94 per share [7]. Group 3: Company Background and Recovery - Faruqi & Faruqi, LLP has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995, with offices in multiple states [5]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Savara's conduct [9].