Class - Action Lawsuit
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Robbins LLP Urges TCOM Stockholders Who Lost Money Investing in Trip.com Group Limited to Contact the Firm for Information About Leading the Class Action
Prnewswire· 2026-03-30 21:17
Core Viewpoint - Robbins LLP has initiated a class action on behalf of investors who purchased Trip.com Group Limited (NASDAQ: TCOM) American Depository Shares (ADS) between April 30, 2025, and January 13, 2026, due to allegations of understated regulatory risks related to monopolistic business practices [1][2]. Group 1: Class Action Details - The class action period is defined from April 30, 2025, to January 13, 2026 [2]. - Allegations include that Trip.com Group Limited failed to disclose the regulatory risks associated with its monopolistic activities, leading to materially false and misleading statements about its business and prospects [2]. - Following a Bloomberg article on January 14, 2026, regarding an antitrust investigation by China into Trip.com, the stock price fell by $12.90 per ADS, or 17.05%, closing at $62.78, and further dropped by $1.48 per ADS, or 2.35%, to close at $61.30 the next day [2]. Group 2: Shareholder Actions - Shareholders may participate in the class action and must submit their papers to the court by May 11, 2026, to serve as lead plaintiff [3]. - Shareholders can remain absent class members if they choose not to participate in the case [3]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [4].
INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Super Micro Computer, Inc. (SMCI) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Businesswire· 2026-03-30 11:15
Core Viewpoint - The article discusses a legal case alleging that Super Micro Computer, Inc. (SMCI) failed to disclose that its server sales were made to companies based in China, which is in violation of U.S. export control laws [1]. Group 1 - The lawsuit claims that the defendants did not reveal the nature of their sales to Chinese companies [1].
Investor Notice: Robbins LLP Informs Investors of the Lufax Holding Ltd. Class Action Lawsuit
Businesswire· 2026-03-23 18:42
Core Viewpoint - A class action lawsuit has been filed against Lufax Holding Ltd. for alleged inadequate internal controls and material misstatements in financial reports during the class period from April 7, 2023, to January 26, 2025 [1][2]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Lufax made material misstatements in its financial reports and lacked adequate internal controls [2]. - On January 27, 2025, Lufax announced the termination of its auditor, PricewaterhouseCoopers (PwC), due to significant concerns regarding Lufax's financial disclosures, particularly for the 2022 and 2023 Annual Reports [3]. - Following the announcement, Lufax's American Depositary Shares (ADS) fell by $0.40, or 13.8%, closing at $2.49 per ADS on January 27, 2025. The next day, the shares dropped another $0.17, or 6.82%, to close at $2.32 per ADS, and on January 29, 2025, they fell by $0.06, or 2.58%, to close at $2.26 per ADS [3]. Group 2: Class Action Participation - Shareholders wishing to serve as lead plaintiffs in the class action must submit their papers to the court by May 20, 2026 [4]. - Participation in the class action is not required to be eligible for recovery; shareholders can remain absent class members if they choose [4]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - Robbins LLP has a history of advocating for shareholder rights and improving corporate governance since its establishment in 2002 [5].
Portnoy Law Firm Announces Class Action on Behalf of Alight, Inc. Investors
Globenewswire· 2026-03-17 19:30
LOS ANGELES, March 17, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Alight, Inc., (“Alight” or the "Company") (NYSE: ALIT) investors off a class action on behalf of investors that bought securities between December 12, 2024 and February 18, 2026, inclusive (the “Class Period”). Alight investors have until May 15, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, ...
Investor Notice: Robbins LLP Informs Investors of the ChowChow Cloud International Holdings Limited Class Action Lawsuit
Businesswire· 2026-03-13 20:32
Core Viewpoint - A class action lawsuit has been filed against ChowChow Cloud International Holdings Limited (NYSE: CHOW) for alleged market manipulation and fraudulent promotion schemes that misled investors during the class period from September 16, 2025, to December 10, 2025 [1]. Allegations - The lawsuit claims that ChowChow Cloud failed to disclose involvement in a market manipulation scheme that included misinformation on social media and impersonators posing as financial professionals [1]. - It is alleged that ChowChow Cloud's public statements omitted risks related to fraudulent trading and market manipulation, which led to significant volatility and a risk of trading suspension by NYSE American [1]. - The complaint highlights that the underwriter for ChowChow Cloud's IPO, Tiger Securities, had previously been fined by FINRA for inadequate systems to identify suspicious trading activities [1]. - The lawsuit asserts that the positive statements made by the defendants regarding the company's business and prospects were materially misleading [1]. Incident Details - On December 10, 2025, a significant sell-off occurred, causing CHOW's stock price to drop from $11.95 to $10.59 within minutes, leading to a trading halt by NYSE American [1]. - After the halt, the stock reopened at approximately $1.00 per share and ultimately closed at $1.83, marking a single-day loss of 84.3% [1]. Next Steps for Investors - Investors who purchased CHOW securities during the class period may be eligible to participate in the class action and can contact Robbins LLP for more information [1]. - Shareholders interested in serving as lead plaintiffs are encouraged to reach out to Robbins LLP, although participation in the case is not required to be eligible for recovery [1].
Law Offices of Howard G. Smith Encourages Driven Brands Holdings Inc. (DRVN) Shareholders to Inquire About Securities Fraud Class Action
Businesswire· 2026-03-11 23:27
Core Viewpoint - A class action lawsuit has been filed against Driven Brands Holdings Inc. (DRVN) for securities fraud, following the company's disclosure of material errors in its financial statements, leading to a significant drop in stock price [1] Summary by Relevant Sections Company Overview - Driven Brands Holdings Inc. is facing legal action due to alleged securities fraud, with a class action lawsuit initiated for investors who purchased shares between May 9, 2023, and February 24, 2026 [1] Financial Disclosures - On February 25, 2025, Driven Brands revealed material errors in its consolidated financial statements dating back to 2023, necessitating a restatement of these financials [1] - The company identified at least ten categories of errors, including inappropriate revenue recognition, unreconciled cash account differences, and overstatement of expenses [1] Stock Performance - Following the announcement of these errors, Driven Brands' stock price fell by $5.01, or 30.2%, closing at $11.60 per share on February 25, 2026, which adversely affected investors [1] Allegations in the Lawsuit - The lawsuit alleges that the defendants made materially false and misleading statements and failed to disclose adverse facts about the company's operations and prospects [1] - Specific allegations include errors in lease accounting, cash balance reporting, and improper revenue recognition in the company's ATI business [1]
Rosen Law Firm Urges monday.com Ltd. (NASDAQ: MNDY) Stockholders to Contact the Firm for Information About Their Rights
Businesswire· 2026-03-11 16:18
Core Viewpoint - Rosen Law Firm has initiated a class action lawsuit against monday.com Ltd. (NASDAQ: MNDY) on behalf of stockholders who purchased shares between September 17, 2025, and February 6, 2026, alleging that the company misled investors regarding its business operations and revenue growth outlook [1][1][1] Group 1: Allegations and Lawsuit Details - The lawsuit claims that monday.com Ltd. made false and/or misleading statements and concealed material adverse facts about its revenue expansion outlook, including decelerating growth, reduced expansion momentum, and extended sales cycles [1][1][1] - Investors are said to have suffered damages when the true state of the company's performance became known [1][1][1] Group 2: Participation and Representation - Shareholders wishing to serve as lead plaintiffs must file motions with the court by May 11, 2026, and do not need to participate in the case to be eligible for recovery [1][1][1] - All representation in the lawsuit is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [1][1][1] Group 3: About Rosen Law Firm - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [1][1][1] - The firm emphasizes its active role in litigating securities class actions, distinguishing itself from other firms that may not engage in such litigation [1][1][1]
Law Offices of Howard G. Smith Encourages Boston Scientific Corporation (BSX) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-03-06 21:27
Core Viewpoint - A class action lawsuit has been filed against Boston Scientific Corporation (BSX) for securities fraud, following disappointing financial results and guidance that fell below investor expectations [1] Group 1: Lawsuit Details - The class action lawsuit is on behalf of investors who purchased Boston Scientific securities between July 23, 2025, and February 3, 2026, with a deadline of May 4, 2026, to file a lead plaintiff motion [1] - The lawsuit alleges that Boston Scientific made materially false and misleading statements regarding its business operations and growth prospects, particularly in the U.S. Electrophysiology (EP) segment [1] Group 2: Financial Performance - On February 4, 2026, Boston Scientific reported its fourth quarter and full year 2025 results, highlighting a disappointing performance in U.S. Electrophysiology sales and issued fiscal 2026 guidance that was below expectations [1] - The company's stock price fell by $16.12, or 17.6%, closing at $75.50 per share on the day of the announcement, indicating significant investor loss [1] Group 3: Allegations Against the Company - The lawsuit claims that Boston Scientific failed to disclose that the growth rate of its U.S. EP segment was unsustainable and that new competition was negatively impacting its market share [1] - It is alleged that the company's previous statements of confidence regarding the growth trajectory of the U.S. EP division were materially misleading and lacked a reasonable basis [1]
Rallybio Investor Alert: Kahn Swick & Foti, LLC Investigates Merger of Rallybio Corporation - RLYB
Businesswire· 2026-03-04 16:53
Core Viewpoint - Kahn Swick & Foti, LLC is investigating the proposed merger of Rallybio Corporation and Candid Therapeutics, focusing on the fairness and adequacy of the merger process for Rallybio shareholders [1] Company Overview - Rallybio Corporation (NasdaqCM: RLYB) is set to merge with Candid Therapeutics, Inc. [1] - Upon completion of the merger, Rallybio shareholders are expected to own approximately 3.65% of the combined entity [1] Legal Investigation - Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., is assessing whether the merger process and terms are fair to Rallybio shareholders [1] - The firm is open to discussions regarding legal rights related to the proposed transaction, providing contact information for inquiries [1]
Deadline Alert: Navan, Inc. (NAVN) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Globenewswire· 2026-03-03 17:00
Core Viewpoint - The article discusses a class action lawsuit against Navan, Inc. following its IPO, highlighting significant financial mismanagement and misleading statements made by the company that have adversely affected investors [1][5]. Group 1: IPO Details - Navan conducted its IPO on October 31, 2025, selling approximately 36.9 million shares at a price of $25.00 per share [2]. - The company's stock has since fallen significantly, trading as low as $9.20 per share, which is over 63% below its IPO price [4]. Group 2: Financial Performance - In its third quarter fiscal 2026 results released on December 15, 2025, Navan reported a 39% increase in sales and marketing expenses, rising to nearly $95 million from $68.5 million in the previous quarter [3]. - Following the announcement of increased expenses and the resignation of the CFO, Navan's stock price dropped by $1.74, or 11.9%, closing at $12.90 per share on December 16, 2025 [3]. Group 3: Lawsuit Allegations - The class action lawsuit alleges that the Registration Statement contained materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [5]. - Specifically, it is claimed that the company did not inform investors about the significant increase in sales and marketing expenses necessary to sustain revenue growth, rendering positive statements about the company's prospects misleading [5].