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CPNG 5-DAY DEADLINE ALERT: Hagens Berman Alerts Coupang, Inc. (CPNG) Investors to Deadline in Securities Class Action Over Data Breach and Alleged Disclosure Delays
Globenewswire· 2026-02-12 22:23
Core Insights - Coupang, Inc. experienced a significant drop in share price, falling over 13% due to a report of an additional 165,000 user data being leaked, compounding the previously reported 33 million users affected by a major security breach [1][2] - The interim CEO, Harold Rogers, is under investigation for potential perjury related to statements made about the breach, specifically regarding the involvement of the Korean government in the investigation [2] - A securities class action lawsuit has been initiated, representing investors who acquired Coupang securities between May 7, 2025, and December 16, 2025, due to alleged misleading statements by the company [3][4] Company Developments - The data breach reportedly affected 33.7 million accounts and was executed by a former employee using authentication keys that remained valid post-departure, leading to a $1.2 billion compensation plan and the resignation of the CEO, resulting in a loss of over $8 billion in market value [4] - Following the class period, Coupang filed a report with the SEC indicating that its investigation was conducted under the direction of the government, which raises questions about the accuracy of previous statements made by the company [5] - The firm Hagens Berman is leading the investigation into the claims, focusing on why Coupang's security measures failed to detect the unauthorized access to sensitive customer data [6]
ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - PLUG
TMX Newsfile· 2026-02-12 21:25
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Plug Power Inc. securities between January 17, 2025, and November 13, 2025, of the April 3, 2026, deadline to become a lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Plug Power securities during the specified class period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as a lead plaintiff, individuals must file a motion with the court by April 3, 2026 [3]. Group 2: Case Allegations - The lawsuit alleges that defendants made false and misleading statements regarding the availability of funds from the U.S. Department of Energy's Loan and the construction of hydrogen production facilities by Plug Power [5]. - It is claimed that these misrepresentations led to a pivot towards less commercially viable projects, making public statements materially false and misleading [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company, and has recovered hundreds of millions for investors [4].
VRNS DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Varonis Systems (VRNS) Investors of Securities Class Action Deadline on March 9, 2026
Prnewswire· 2026-02-12 15:10
Core Viewpoint - Varonis Systems, Inc. is facing a federal securities class action lawsuit due to allegations of misleading statements regarding its ability to convert its customer base and maintain growth, leading to significant stock price declines [1] Group 1: Legal Action and Allegations - Faruqi & Faruqi, LLP is investigating potential claims against Varonis Systems and has set a deadline of March 9, 2026, for investors to seek the role of lead plaintiff in the class action [1] - The complaint alleges that Varonis and its executives violated federal securities laws by making false statements and failing to disclose material adverse facts about the company's performance and customer retention capabilities [1] - The lawsuit claims that misleading statements led to investors purchasing Varonis' securities at artificially inflated prices [1] Group 2: Financial Performance and Impact - On October 28, 2025, Varonis reported third-quarter financial results that significantly missed annual recurring revenue (ARR) expectations and lowered its full-year guidance, attributing this to weaker than expected renewals and conversions [1] - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share, marking a decline of approximately 48.67% in just one day [1] - The company also announced the end of life for its self-hosted solution and a 5% reduction in headcount as part of its restructuring efforts [1]
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages America's Car-Mart, Inc. Investors to Inquire About Securities Class Action Investigation - CRMT
TMX Newsfile· 2026-02-11 23:52
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of America's Car-Mart, Inc. due to allegations of materially misleading business information issued to the investing public [1]. Group 1: Legal Action and Investor Rights - Shareholders who purchased America's Car-Mart securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees, facilitated by a contingency fee arrangement [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to America's Car-Mart [2]. Group 2: Company Performance and Market Reaction - On September 4, 2025, America's Car-Mart reported a first-quarter loss of $0.69 per share, compared to a net loss of $0.15 per share in the same period the previous year, leading to an 18.2% drop in stock price on that day [3].
ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Phoenix Education Partners, Inc. Investors to Inquire About Securities Class Action Investigation - PXED
TMX Newsfile· 2026-02-11 20:49
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Phoenix Education Partners, Inc. due to allegations of materially misleading business information issued to the public [1]. Group 1: Legal Action and Investor Rights - Shareholders who purchased Phoenix Education securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket costs [2]. - Rosen Law Firm is preparing a class action to seek recovery of investor losses [2]. Group 2: Data Breach Incident - A significant data breach at the University of Phoenix has affected nearly 3.5 million individuals, with the breach traced back to August 2025 when attackers accessed sensitive information [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3].
QURE DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds uniQure (QURE) Investors of Securities Class Action Deadline on April 13, 2026
Businesswire· 2026-02-11 20:36
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against uniQure N.V. (NASDAQ: QURE) and reminds investors of the April 13, 2026 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company [1] Summary by Relevant Sections Company Overview - uniQure N.V. is facing allegations of violating federal securities laws by making false or misleading statements regarding its Pivotal Study and the approval status of its BLA submission for AMT-130 [1] Legal Proceedings - The complaint alleges that the design of uniQure's Pivotal Study was not fully approved by the FDA, and that the company downplayed the likelihood of needing to delay its BLA timeline for additional studies [1] - On November 3, 2025, uniQure disclosed that the FDA no longer agreed that data from the Phase I/II AMT-130 studies would support a BLA submission, leading to a significant drop in share price [1] Financial Impact - Following the disclosure, uniQure's share price fell by $33.40, or over 49%, from $67.69 on October 31, 2025, to $34.29 on November 3, 2025 [1]
PSFE SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Paysafe (PSFE) Investors of Securities Class Action Deadline on April 7, 2026
Prnewswire· 2026-02-11 14:54
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Paysafe Limited (PSFE) for alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status set for April 7, 2026 [1][2] Financial Performance - Paysafe reported third quarter financial results on November 13, 2025, with revenue of $433.8 million, missing consensus estimates by $5.8 million [1][2] - The company experienced a net loss of $87.7 million, a significant increase from a net loss of $12.98 million in the same period the previous year [1][2] - Full year 2025 expected revenue was slashed to $17 million at the midpoint, with adjusted EPS at $0.50 [1][2] Legal Allegations - The complaint alleges that Paysafe's ecommerce business had significant exposure to a single high-risk client, leading to understated credit loss reserves and write-offs [1][2] - It is claimed that Paysafe had undisclosed issues with higher risk Merchant Category Codes, complicating its banking relationships [1][2] - The aforementioned issues are believed to have a material negative impact on the company's revenue growth and overall revenue mix, making it unlikely for Paysafe to meet its previously issued financial guidance for fiscal year 2025 [1][2] Market Reaction - Following the announcement of the financial results, Paysafe's stock price fell by $2.80, or 27.6%, closing at $7.36 per share on November 13, 2025, amid unusually heavy trading volume [1][2]
SDM SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Smart Digital (SDM) Investors of Securities Class Action Deadline on March 16, 2026
Prnewswire· 2026-02-11 14:44
Core Viewpoint - Smart Digital Group Limited (SDM) is facing a federal securities class action due to allegations of market manipulation and fraudulent promotion schemes, with a significant stock price collapse of 86.4% on September 26, 2025 [1][2] Group 1: Allegations Against Smart Digital - The complaint alleges that SDM and its executives made false or misleading statements and failed to disclose critical information regarding market manipulation and fraudulent activities [1][2] - Specific allegations include the use of social media misinformation and impersonators to manipulate stock prices, as well as insider trading through offshore accounts [1][2] - The company's public statements omitted risks related to fraudulent trading, leading to a unique risk of trading suspension by the SEC and NASDAQ [1][2] Group 2: Stock Price Impact - On September 26, 2025, SDM's stock price dropped 86.4%, closing at $1.85 per share after an intraday halt for volatility [1][2] - Following this, the SEC suspended trading in SDM securities from September 29, 2025, to October 10, 2025, due to potential manipulation [1][2] - NASDAQ also suspended trading on October 11, 2025, pending further information, and trading remains suspended with no clear end date [1][2] Group 3: Legal Proceedings - Investors are reminded of the March 16, 2026, deadline to seek the role of lead plaintiff in the class action lawsuit [1] - The lead plaintiff will be the investor with the largest financial interest who can adequately represent the class [2] - Faruqi & Faruqi, LLP is encouraging anyone with information regarding Smart Digital's conduct to come forward [1][2]
TCPC SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds BlackRock TCP (TCPC) Investors of Securities Class Action Deadline on April 6, 2026
Prnewswire· 2026-02-11 14:41
Core Viewpoint - The article discusses a securities class action against BlackRock TCP Capital Corp, highlighting allegations of misleading statements and failure to disclose critical financial information, with a deadline for investors to seek lead plaintiff status by April 6, 2026 [1][2]. Financial Performance - BlackRock TCP's portfolio significantly weakened during the 2024 fiscal year, with the number of portfolio companies on non-accrual status more than doubling, leading to a 289% increase in debt investments on non-accrual status at cost, rising from 3.7% to 14.4% of the portfolio [1][2]. - The company's net asset value (NAV) fell by 22.44% year over year to $9.23 per share, while total losses, both realized and unrealized, surged to $194.9 million for the fiscal year, marking a 186% increase year over year, largely due to a $72.3 million net unrealized loss in the fourth quarter [1][2]. - Following the financial disclosures, BlackRock TCP's stock price dropped by $0.90, or 9.64%, to close at $8.44 per share on February 27, 2025, and further fell by $0.76, or 12.97%, to close at $5.10 per share on January 26, 2026, after revealing a NAV per share of $7.05 to $7.09, which was 19% lower than the previous quarter and 23.4% lower than the prior year [1][2]. Legal Proceedings - The complaint alleges that BlackRock TCP and its executives violated federal securities laws by making false or misleading statements and failing to disclose that the company's investments were not being appropriately valued, and that their portfolio restructuring efforts were ineffective [1][2]. - Investors who purchased securities between November 6, 2024, and January 23, 2026, are encouraged to contact Faruqi & Faruqi, LLP to discuss their legal rights and options regarding the class action [1][2].
BYND SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Beyond Meat (BYND) Investors of Securities Class Action Deadline on March 24, 2026
Prnewswire· 2026-02-11 14:27
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Beyond Meat, Inc. for alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by March 24, 2026 [1][2] Group 1: Allegations Against Beyond Meat - The complaint alleges that Beyond Meat and its executives made false and misleading statements regarding the book value of certain long-lived assets, which exceeded their fair value, indicating a likely need for a material non-cash impairment charge [1][2] - It is claimed that these issues could impair Beyond Meat's ability to timely file periodic reports with the U.S. Securities and Exchange Commission (SEC) [1][2] - As a result of these allegations, the public statements made by the defendants were materially false and misleading at all relevant times [1][2] Group 2: Stock Price Impact - On November 3, 2025, Beyond Meat announced a delay in reporting its Q3 2025 financial results, leading to a stock price drop of $0.265 per share, or 16.01%, closing at $1.39 per share [1][2] - Following the announcement of Q3 2025 financial results on November 10, 2025, which included a loss from operations of $112.3 million and $77.4 million in non-cash impairment charges, the stock price fell by $0.12 per share, or 8.96%, closing at $1.22 per share [1][2] - On November 11, 2025, during a conference call, the CFO disclosed that the total impairment amount of $77.4 million was allocated to property, plant, and equipment (PP&E), operating lease ROU assets, and prepaid lease costs, resulting in an additional stock price decline of $0.105 per share, or 8.61%, closing at $1.115 per share on November 12, 2025 [1][2]