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Pomerantz Law Firm Announces the Filing of a Class Action Against Lakeland Industries, Inc. and Certain Officers - LAKE
Prnewswire· 2026-02-26 19:50
Core Viewpoint - A class action lawsuit has been filed against Lakeland Industries, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from December 1, 2023, to December 9, 2025, seeking damages for investors who acquired Lakeland securities during this time [1]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York, aiming to recover damages under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors have until April 24, 2026, to request appointment as Lead Plaintiff for the class [1]. Group 2: Company Overview - Lakeland Industries, Inc. manufactures and sells industrial protective clothing and accessories globally, employing a "small, strategic, and quick" mergers and acquisitions strategy to drive growth [1]. - The company acquired Pacific Helmets NZ Limited in November 2023 and Jolly Scarpe S.p.A. in February 2024, both of which were touted as significant enhancements to Lakeland's product portfolio [1]. Group 3: Financial Performance and Misstatements - Throughout the Class Period, Lakeland's executives made optimistic statements regarding the company's financial performance, including expected adjusted EBITDA of $18 million to $21.5 million for FY 2025 and revenue of $210 million to $220 million for FY 2026 [1]. - The lawsuit alleges that the executives made materially false and misleading statements about the company's operations, including issues with the Pacific Helmets and Jolly businesses, which were not disclosed to investors [1][2]. - Following disappointing financial results, including a Q4 FY 2025 GAAP EPS of -$2.42 and a Q1 FY 2026 GAAP EPS of -$0.41, Lakeland's stock price experienced significant declines [2]. Group 4: Stock Price Impact - On September 5, 2024, Lakeland's stock fell by 7.82% to $21.92 per share after missing revenue estimates [2]. - Subsequent financial disclosures led to further declines, including a 14.33% drop to $15.72 per share on April 10, 2025, and a 22.16% drop to $15.07 per share on June 10, 2025 [2]. - The most significant drop occurred on December 10, 2025, when the stock price fell by 38.97% to $9.16 per share after the company withdrew its financial guidance for FY 2026 [2].
Halper Sadeh LLC is Investigating Whether KW and MASI are Obtaining Fair Deals for their Shareholders
Globenewswire· 2026-02-26 17:06
Group 1 - Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to Kennedy-Wilson Holdings, Inc.'s sale to a consortium led by its Chairman and CEO for $10.90 per share in cash [2] - The firm is also looking into Masimo Corporation's sale to Danaher Corporation for $180.00 per share in cash, advocating for increased consideration and additional disclosures for shareholders [3] - Insiders may receive substantial financial benefits not available to ordinary shareholders, and proposed transactions may limit superior competing offers [1]
Block & Leviton Investigates Alight, Inc. (ALIT) for Securities Fraud; Investors with Losses Should Contact Firm
Globenewswire· 2026-02-26 17:03
Group 1 - Alight, Inc. shares fell over 30% on February 19, 2026, following a Q4 earnings miss and significantly lower customer renewal rates than previously targeted [2] - The company eliminated its quarterly dividend, did not provide full-year guidance, and recorded a substantial multibillion dollar goodwill impairment [2] - These developments occurred after the appointment of Alight's new CEO, Rohit Verma [2] Group 2 - Block & Leviton is investigating Alight, Inc. for potential securities law violations and may file an action to recover losses for affected investors [4] - Investors who purchased Alight, Inc. common stock and experienced a decline in share value may be eligible to participate in the investigation [3] - The firm has a reputation for recovering billions for defrauded investors and is known for its active litigation in federal courts [7]
Bronstein, Gewirtz & Grossman LLC Urges Navan, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
Globenewswire· 2026-02-26 17:00
NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Navan, Inc. (NASDAQ: NAVN) and certain of its officers. This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Navan securities pursuant to the registration statement and prospectus issued i ...
Ademi LLP Investigates Claims of Securities Fraud against Tennant Company
Prnewswire· 2026-02-26 14:54
Core Viewpoint - Ademi LLP is investigating potential securities fraud claims against Tennant Company due to inaccurate statements regarding its financial performance and operational challenges related to a new ERP system implementation [1] Group 1: Investigation Details - The investigation is prompted by disclosures from Tennant about its new enterprise resource planning (ERP) system, which was introduced in the fourth quarter [1] - Tennant experienced "production disruptions during the North America ERP transition," indicating operational difficulties [1] - The company reported that the transition "introduced unexpected challenges that constrained operating capacity," suggesting significant impacts on its business operations [1]
LAKE Stockholder Alert: Robbins LLP Reminds Investors of the Class Action Lawsuit Against Lakeland Industries, Inc.
Prnewswire· 2026-02-26 14:00
Core Viewpoint - A class action lawsuit has been filed against Lakeland Industries, Inc. for allegedly misleading investors regarding the integration of recent acquisitions and the company's financial performance [1] Allegations - The lawsuit claims that Lakeland failed to disclose significant issues with its Pacific Helmets and Jolly businesses, including shipping delays, production problems, and a slower rollout of new products [1] - It is alleged that the company overstated the positive impact of these businesses on its financial results and the overall strength of their operations [1] - The complaint indicates that Lakeland's financial results were deteriorating due to tariff-related challenges, certification delays, and material flow issues in its acquired businesses [1] - The defendants are accused of overstating the effectiveness of their tariff mitigation measures and M&A strategy [1] - As a result of these issues, the financial guidance provided by Lakeland was deemed unreliable, and public statements were considered materially false and misleading [1] Financial Results - On December 9, 2025, Lakeland reported a Q3 2026 GAAP EPS of -$1.64, missing consensus estimates by $1.93, and revenue of $47.6 million, missing estimates by $9.05 million [1] - The company attributed these misses to "timing, certification delays, and material flow issues" in its acquired businesses, along with tariff-related headwinds [1] - Following the release of these results, Lakeland withdrew its previously issued financial guidance for FY 2026 and stated it would not provide future guidance due to the challenges affecting forecasting ability [1] - The stock price of Lakeland fell by $5.85 per share, or 38.97%, closing at $9.16 per share on December 10, 2025, after these disclosures [1]
NUSCALE POWER CORPORATION (SMR) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds NuScale Power Corporation Investors of Upcoming Deadline
Globenewswire· 2026-02-26 13:34
NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds NuScale Power Corporation (“NuScale” or the “Company”) (NYSE: SMR) investors of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company. Should You Join The NuScale Class Action Litigation? Do you, or did you, own shares of NuScale Power Corporation (NYSE: SMR)?Did you purchase your shares between May 13, 2025 and November 6, 2025, inclusiv ...
ILPT INVESTOR NOTICE: Kaskela Law Firm Announces Shareholder Investigation of Industrial Logistics Properties Trust and Encourages Long-Term Shareholders to Contact the Firm - ILPT
TMX Newsfile· 2026-02-26 13:01
Core Viewpoint - Kaskela Law LLC is investigating Industrial Logistics Properties Trust (ILPT) on behalf of long-term shareholders to determine potential violations of securities laws or breaches of fiduciary duties by the company and its officers [1]. Group 1 - The investigation is focused on recent corporate actions taken by ILPT [1]. - Kaskela Law LLC is seeking to protect the interests of ILPT's investors through this investigation [1]. - Shareholders are encouraged to learn more about the investigation and their legal rights [2].
Grabar Law Office Investigates Claims on Behalf of Long-Term Shareholders of Kyndryl Holdings, Inc. (KD)
TMX Newsfile· 2026-02-26 12:14
Core Viewpoint - Grabar Law Office is investigating claims on behalf of shareholders of Kyndryl Holdings, Inc. regarding potential breaches of fiduciary duties by certain officers and directors [1]. Group 1: Investigation Details - The investigation is prompted by a federal securities fraud class action lawsuit filed after Kyndryl announced it could not timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3]. - The Securities and Exchange Commission is investigating Kyndryl's cash management practices and disclosures, while the Audit Committee of the Board of Directors is conducting an internal review [3]. - Kyndryl anticipates reporting material weaknesses in internal controls related to information and communication, as well as issues regarding the tone at the top [3]. Group 2: Shareholder Actions - Shareholders who purchased Kyndryl shares prior to August 7, 2024, can seek corporate reforms, the return of funds to the company, and a court-approved incentive award at no cost [2][4]. - Interested shareholders are encouraged to visit the Grabar Law Office website or contact them directly for more information [2][4].
Halper Sadeh LLC Encourages Five9, Inc. Shareholders to Contact the Firm to Discuss Their Rights
Prnewswire· 2026-02-26 01:45
Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Five9, Inc., encouraging shareholders to contact the firm to discuss their rights and possible corporate governance reforms [1]. Group 1: Shareholder Rights and Legal Actions - Shareholders of Five9, Inc. may seek corporate governance reforms, return of funds, court-approved financial incentives, or other benefits [1]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees [1]. Group 2: Importance of Shareholder Involvement - Shareholder participation is crucial for improving company policies, practices, and oversight, which can enhance overall shareholder value [1]. - Halper Sadeh LLC has a history of representing investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [1].