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INVESTOR ALERT: NuScale Power Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit filed by RGRD Law
Prnewswire· 2026-02-24 21:05
Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to alleged misleading statements regarding its commercialization partnership with ENTRA1 Energy LLC and significant financial losses reported in its recent fiscal quarter [1] Group 1: Class Action Lawsuit Details - The class action lawsuit is filed against NuScale and certain top executives, as well as Fluor Corporation, for violations of the Securities Exchange Act of 1934 [1] - Investors who purchased NuScale Class A common stock between May 13, 2025, and November 6, 2025, can seek appointment as lead plaintiff until April 20, 2026 [1] - The lawsuit alleges that NuScale made false statements about ENTRA1's capabilities, which lacked significant experience in nuclear power generation [1] Group 2: Financial Impact - NuScale's general and administrative expenses surged over 3,000% to $519 million in the third fiscal quarter, up from $17 million in the prior year [1] - The company's quarterly net loss increased to $532 million, compared to $46 million in the same period last year [1] - Following the financial disclosures, NuScale's Class A share price dropped more than 12% over a two-day trading period [1] Group 3: Partnership and Technology - NuScale's core technology, the NuScale Power Module (NPM), is designed for energy generation within a broader power plant [1] - The partnership with ENTRA1 was expected to advance NuScale's NPM technology from development to deployment, validated by an agreement with the Tennessee Valley Authority (TVA) for up to six gigawatts of nuclear power generation [1] - The lawsuit claims that NuScale's reliance on ENTRA1 exposed its commercialization strategy to undisclosed risks, including potential delays and regulatory challenges [1]
Richtech Robotics Inc. Securities Class Action Lawsuit Filed; Lead Plaintiff Deadline April 3, 2026
Prnewswire· 2026-02-24 19:15
Core Viewpoint - Richtech Robotics Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its relationship with Microsoft, which has resulted in a significant drop in its stock price [1] Group 1: Lawsuit Details - The class action lawsuit is titled Diez v. Richtech Robotics Inc. and was filed in the District of Nevada [1] - The lawsuit claims that Richtech Robotics falsely stated it had a commercial relationship with Microsoft during the class period from January 27, 2026, to January 29, 2026 [1] - Following the publication of an article by Hunterbrook Media on January 29, 2026, which denied any partnership with Microsoft, Richtech Robotics' Class B stock price fell by over 29% within two trading days [1] Group 2: Lead Plaintiff Process - Investors who purchased Richtech Robotics securities during the class period can seek to be appointed as lead plaintiff in the lawsuit [1] - The lead plaintiff is typically the investor with the greatest financial interest and must represent the interests of the class [1] - The lead plaintiff has the authority to select a law firm to litigate the case on behalf of the class [1] Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder rights litigation [1] - The firm has a strong track record, having recovered over $916 million for investors in 2025 alone, and $8.4 billion over the past five years [1] - Robbins Geller is recognized as one of the largest plaintiffs' firms globally, with a history of securing significant recoveries in securities class action cases [1]
Lakeland Industries, Inc. Sued For Securities Law Violations; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm
Globenewswire· 2026-02-24 17:33
Core Viewpoint - A securities fraud lawsuit has been filed against Lakeland Industries, Inc. and certain executives for allegedly misleading investors regarding the company's acquisitions and failing to disclose significant operational issues that affected financial guidance [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Southern District of New York, alleging violations of federal securities laws [2]. - The complaint claims that the defendants misled investors by promoting the benefits of the Pacific Helmets and Jolly acquisitions while not disclosing production and shipping delays, certification issues, and tariff-related challenges that negatively impacted results [2]. - Following a significant earnings miss reported on December 9, 2025, Lakeland withdrew its FY2026 guidance, leading to a nearly 39% drop in share price the next day [2]. Group 2: Investor Eligibility - Investors who purchased Lakeland Industries, Inc. common stock between December 1, 2023, and December 9, 2025, and experienced a decline in share value may be eligible to participate in the lawsuit [3]. Group 3: Next Steps for Investors - The deadline to seek appointment as lead plaintiff is April 24, 2026, and a class has not yet been certified [4]. - Investors can choose to remain absent class members if they take no action, but those who have lost money are encouraged to contact Block & Leviton for more information [4]. Group 4: Whistleblower Information - Individuals with non-public information about Lakeland Industries, Inc. are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 5: About Block & Leviton - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].
INVESTOR ALERT: PayPal Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-02-24 17:10
Core Viewpoint - PayPal Holdings, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its revenue outlook and growth potential during the Class Period from February 25, 2025, to February 2, 2026 [1] Group 1: Lawsuit Details - The lawsuit, titled Goodman v. PayPal Holdings, Inc., claims that PayPal and certain executives violated the Securities Exchange Act of 1934 [1] - Allegations include creating a false impression of reliable revenue projections and downplaying risks associated with seasonality and macroeconomic factors [1] - The lawsuit highlights that PayPal's growth initiatives, particularly in Branded Checkout, did not meet the projected targets for 2027, which were deemed unrealistic [1] Group 2: Financial Performance - On February 3, 2026, PayPal reported disappointing earnings for Q4 and the full fiscal year 2025, including a decline in Branded Checkout performance and the withdrawal of its 2027 financial targets [1] - The company attributed its poor results to macroeconomic conditions, competition, and operational issues across all regions [1] - Following the announcement, PayPal's stock price dropped by over 20% [1] Group 3: Lead Plaintiff Process - Investors who purchased PayPal stock during the Class Period can seek to be appointed as lead plaintiff in the class action lawsuit [1] - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [1] - Participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [1] Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 [1] - The firm has a strong track record, recovering $8.4 billion for investors over the past five years [1] - Robbins Geller is recognized for obtaining significant securities class action recoveries, including the largest ever at $7.2 billion in the Enron case [1]
Ultragenyx Pharmaceutical Inc. (RARE) Securities Fraud: Contact Berger Montague To Discuss Your Rights
TMX Newsfile· 2026-02-24 14:11
Core Viewpoint - A class action lawsuit has been filed against Ultragenyx Pharmaceutical Inc. on behalf of investors who purchased its common stock during the specified class period, alleging misleading information regarding clinical study results [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC, representing investors who bought Ultragenyx securities from August 3, 2023, to December 26, 2025 [1][2]. - Investors have until April 6, 2026, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Allegations Against Ultragenyx - The complaint claims that Ultragenyx misled investors by raising expectations about the ORBIT and COSMIC studies, which tested setrusumab for Osteogenesis Imperfecta, while concealing that neither study significantly reduced clinical fracture rates compared to control groups [3]. - Following the disclosure of the study results, Ultragenyx's share price fell from $34.19 on December 26, 2025, to $19.72 on December 29, 2025, representing a decline of over 42% in a single day [3].
Hub Group Investigated for Securities Fraud Amid Accounting Restatements; Investors Encouraged to Contact Block & Leviton to Possibly Recover Losses
TMX Newsfile· 2026-02-24 14:08
Core Viewpoint - Hub Group, Inc. is under investigation for potential securities law violations following a significant accounting error that led to a 20% drop in its share price [2][4]. Group 1: Company Overview - Hub Group's shares fell more than 20% in intraday trading on February 5, 2026, due to an accounting error related to purchased transportation costs, resulting in an understatement of accounts payable by approximately $77 million [2]. - The company has indicated that this error affects previously issued financial statements and will delay the filing of its Form 10-K while a restatement is completed [2]. Group 2: Legal Investigation - Block & Leviton is investigating whether Hub Group committed securities law violations and may file an action to recover losses for investors [4]. - Investors who have lost money on their Hub Group investments are encouraged to contact Block & Leviton for potential recovery options [5]. Group 3: Investor Eligibility - Any individual who purchased Hub Group common stock and experienced a decline in share value may be eligible to participate in the investigation, regardless of whether they have sold their shares [3]. Group 4: Whistleblower Information - Individuals with non-public information about Hub Group are encouraged to assist in the investigation or report to the Securities Exchange Commission under the whistleblower program, which offers rewards of up to 30% of any successful recovery [6]. Group 5: Firm Reputation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
CLASS ACTION NOTICE: Berger Montague Advises Enphase Energy, Inc. (NASDAQ: ENPH) Investors to Inquire About a Securities Fraud Class Action
Globenewswire· 2026-02-24 13:52
Core Viewpoint - A class action lawsuit has been filed against Enphase Energy, Inc. on behalf of investors who acquired Enphase securities during the specified Class Period, alleging misrepresentation of the company's financial health and growth expectations [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Enphase overstated its ability to manage channel inventory and misrepresented its capacity to mitigate revenue pressure due to the expiration of the Residential Clean Energy Credit [3]. - The corrective disclosure occurred on October 28, 2025, when Enphase announced weaker than expected financial results and warned of adverse impacts on revenues due to elevated channel inventory and the expiration of the 25D Credit [4]. Group 2: Financial Impact - Following the disclosure, Enphase's stock price dropped by $5.56 per share, or 15.15%, closing at $31.14 per share, which allegedly resulted in significant losses for investors [4]. Group 3: Company Overview - Enphase Energy, based in Fremont, California, specializes in residential solar and battery storage technology solutions [2].
BRBR SHAREHOLDER NOTICE: BellRing Brands (BRBR) Facing Securities Class Action Over Alleged Artificial Growth and $2.9 Billion Value Wipeout - Hagens Berman
Prnewswire· 2026-02-24 13:40
Core Viewpoint - BellRing Brands, Inc. (BRBR) is facing a securities class action lawsuit alleging that the company and its executives misled investors about the true drivers of its sales growth, which was reportedly inflated due to retailers hoarding inventory to avoid supply chain shortages, leading to a significant drop in share price when the truth was revealed [1][1][1] Group 1: Allegations and Lawsuit Details - The lawsuit claims that BellRing and its executives issued misleading statements regarding the strength and sustainability of its sales growth, as well as the competitive landscape affecting demand for its products [1][1] - The suit highlights that the reported sales growth was not reflective of actual consumer demand but rather a result of temporary inventory stockpiling by key customers [1][1] - The lead plaintiff deadline for the lawsuit is set for March 23, 2026, and investors who purchased BRBR shares between November 19, 2024, and August 4, 2025, are encouraged to report their losses [1][1] Group 2: Financial Impact and Market Reaction - On August 4, 2025, BellRing reported disappointing Q3 2025 financial results, leading to a 33% drop in share price, equivalent to a loss of $17.46 per share [1][1] - Following the Q2 2025 results on May 6, 2025, the share price fell by 19%, or $14.88, after the CFO admitted that retailers were hoarding inventory [1][1] - The lawsuit asserts that once retailers felt confident that product shortages were resolved, they began to destock their inventory, which negatively impacted BellRing's sales [1][1]
SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Zynex, Inc. (ZYXIQ)
Globenewswire· 2026-02-24 13:22
Core Viewpoint - A shareholder has filed a securities class action lawsuit against Zynex, Inc. for alleged misrepresentations regarding the company's revenue related to a fraudulent overbilling scheme from 2018 to 2023 [4]. Group 1: Lawsuit Details - The lawsuit represents investors who purchased or acquired Zynex securities between February 25, 2021, and December 15, 2025 [1]. - Defendants are accused of making false statements about the company's financial performance, specifically its reported revenue [4]. Group 2: Legal Process - Investors wishing to serve as lead plaintiffs must file necessary documents by April 21, 2026 [3]. - Participation as a lead plaintiff is not required to share in any potential recovery from the lawsuit [3]. Group 3: Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since its inception in 1993 [5]. - The firm has a strong reputation, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and recognized in The Legal 500 for sixteen consecutive years [5].
CECO Stock Alert: Halper Sadeh LLC is Investigating Whether CECO Environmental Corp. is Obtaining a Fair Deal for its Shareholders
Businesswire· 2026-02-24 13:11
Core Viewpoint - Halper Sadeh LLC is investigating the merger between CECO Environmental Corp. and Thermon Group Holdings, focusing on potential violations of federal securities laws and fiduciary duties by CECO's board of directors [3]. Group 1: Merger Details - Upon completion of the merger, CECO shareholders are expected to own approximately 62.5% of the combined company [1]. Group 2: Investigation Focus - The investigation is centered on whether CECO and its board failed to obtain the best possible consideration for shareholders [3]. - Concerns include the fairness of the sales process and the presence of any conflicts of interest [3]. - There are allegations regarding the lack of disclosure of all material information necessary for shareholders to evaluate the transaction [3]. Group 3: Potential Actions - Halper Sadeh LLC may seek increased consideration, additional disclosures, or other forms of relief and benefits for shareholders [4].