Core Viewpoint - Stride, Inc. is facing a class action lawsuit due to allegations of misleading investors about its business practices, including inflating enrollment numbers and ignoring compliance requirements [1][3]. Company Overview - Stride, Inc. (NYSE: LRN) is a technology company that provides an education platform for online learning across the U.S. [1]. Class Action Details - The class period for the lawsuit is from October 22, 2024, to October 28, 2025 [1]. - The lawsuit was filed on behalf of all investors who purchased or acquired Stride shares during the class period [1]. Allegations Against Stride - Stride allegedly made false statements about being a leading technology-based education company and claimed to have deep expertise in educational and regulatory matters [3]. - Specific allegations include: 1. Inflating enrollment numbers by retaining "ghost students" [3]. 2. Cutting staffing costs by exceeding statutory limits on teachers' caseloads [3]. 3. Ignoring compliance requirements, including background checks and special education services [3]. 4. Suppressing whistleblowers who reported financial directives to delay hiring and deny services [3]. 5. Losing existing and potential enrollments [3]. Stock Price Impact - Following a report on September 14, 2025, regarding allegations of fraud and deceptive practices, Stride's stock price fell by $18.60, or 11.7%, closing at $139.76 on September 15, 2025 [4]. - On October 28, 2025, Stride announced that "poor customer experience" led to an estimated 10,000-15,000 fewer enrollments, resulting in a stock price drop of $83.48, or over 54%, closing at $70.05 on October 29, 2025 [5]. Next Steps for Shareholders - Shareholders interested in participating as lead plaintiffs must submit their papers by January 12, 2026 [6]. - Shareholders can remain absent class members if they choose not to participate [6].

In a significant development, the Supreme Court on Tuesday sought responses from the Centre, CBI, ED, Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving the ADAG and its group companies.Photograph: Prashant Waydande/ReutersA bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran took note of the submissions made by lawyer Prashant Bhushan, appearing for the petitioner and former Union secre ...

The Supreme Court on Tuesday issued notices to the Union government, Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and former promoter of Reliance Communications (RCom) Anil Ambani on a plea seeking a court-monitored probe into alleged fund diversion and financial irregularities at the company and its group entities.A bench of Chief Justice B.R. Gavai and justice Vinod Chandran asked all respondents to file their replies within three weeks.The PIL, filed by former Union secretary E.A.S ...

Core Insights - The modern business landscape in America is crowded with both public and private companies, creating an environment susceptible to fraud and misconduct, often leading to the ousting of CEOs when issues arise [1][2]. Group 1: High-Profile CEO Dismissals - High-profile CEOs have faced dismissal for various reasons, including corporate fraud, financial misconduct, and poor performance [2]. - Notable cases include Carlos Ghosn, who resigned from Renault-Nissan-Mitsubishi Alliance in 2018 due to ethical misconduct, including underreporting compensation [4][5]. - Elizabeth Holmes resigned as CEO of Theranos in 2018 after being indicted for defrauding investors and patients regarding the company's blood testing capabilities [9][10]. - Adam Neumann stepped down as CEO of WeWork in 2019 amid concerns over the company's financial viability and corporate governance issues, receiving $1.7 billion as part of his exit [14]. - Travis Kalanick resigned as Uber's CEO in 2017 following allegations of a toxic work culture and sexual harassment [17]. - Dennis Muilenburg resigned as Boeing's CEO in 2019 after two fatal crashes involving the 737 MAX raised serious safety concerns [21]. Group 2: Other Notable CEO Exits - Sam Bankman-Fried, former CEO of FTX, stepped down in November 2022 amid bankruptcy proceedings and allegations of misusing customer funds [22]. - John Stumpf, former CEO of Wells Fargo, resigned in October 2016 after the bank admitted to improper sales practices, forfeiting $41 million in stock awards [23]. - Bernard Ebbers, former CEO of WorldCom, was forced to resign in 2002 due to accounting fraud allegations, leading to the company's bankruptcy [24].

Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation for alleged violations of federal securities laws related to the merger with Cedar Fair, L.P. [1][2] Group 1: Allegations and Issues - The lawsuit claims that the Registration Statement for the merger was negligently prepared, containing untrue statements and omissions that misled investors [2] - It is alleged that Legacy Six Flags suffered from chronic underinvestment, requiring millions in additional capital and operational expenditures to maintain its market position [2] - Prior to the merger, Legacy Six Flags deferred essential maintenance and operational improvements, which were not disclosed in the Registration Statement [2] Group 2: Impact on Investors - Following the merger announcement, Six Flags' common stock experienced a significant decline, resulting in financial losses for investors [3] - Investors who suffered losses exceeding $100,000 are encouraged to participate in the lawsuit [3] Group 3: Company Background - Lowey Dannenberg P.C. is a law firm specializing in representing investors who have suffered financial losses due to corporate fraud and violations of securities laws [4]

LOS ANGELES, Oct. 09, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Sina Corporation, Inc., (“Sina” or the "Company") (NASDAQ: SINA) investors off a class action on behalf of investors that bought securities between October 13, 2020 and March 22, 2021, inclusive (the “Class Period”). Sina investors have until November 18, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal ...

Core Viewpoint - RCI Hospitality Holdings, Inc. experienced a significant decline in share price, nearly 16%, following a Grand Jury indictment by the New York Attorney General, which accused the company and its executives of multiple crimes, including bribery and tax fraud [1][4][7]. Group 1: Legal Issues - The New York Attorney General filed 79 charges against RCI and its executives, including CEO Eric Langan and CFO Bradley Chhay, related to bribery and conspiracy concerning tax audits of RCI-owned strip clubs [4][5]. - The indictment alleges that RCI attempted to influence a tax auditor to avoid penalties for unpaid sales taxes through various forms of remuneration [6]. Group 2: Investor Reaction - Following the indictment news, RCI's share price dropped almost 16%, indicating a severe market reaction to the legal developments [1][7]. - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether RCI misled investors regarding its compliance with laws and internal controls [2][3][7]. Group 3: Investigation Focus - The investigation by Hagens Berman is centered on RCI's assurances about the compliance of its financial statements with accounting rules and the adequacy of its internal controls over financial reporting [3][7]. - The firm is encouraging investors who suffered losses to come forward and assist in the investigation [2][7].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fly-E Group, Inc. regarding a class action lawsuit due to alleged false statements and concealment of information related to the company's revenue outlook and sales performance [1][3]. Group 1: Allegations and Class Action Details - The class period for the lawsuit is from July 15, 2025, to August 14, 2025 [3]. - Allegations include that defendants misrepresented the reliability of information regarding Fly-E's projected revenue and sales, leading to an inflated perception of the company's performance [3]. - The complaint states that Fly-E's optimistic revenue goals and demand for its electric vehicle (EV) products did not align with actual performance, with risks related to lithium batteries, supply chain changes, and regulatory environments being downplayed [3]. Group 2: Shareholder Actions and Deadlines - Shareholders are encouraged to register for the class action by November 7, 2025, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

Core Viewpoint - A securities class action lawsuit has been filed against Lockheed Martin Corporation, alleging misleading statements regarding the financial health of its Aeronautics and Rotary and Mission Systems (RMS) segments, impacting investors who purchased shares between January 23, 2024, and July 21, 2025 [1][2]. Allegations and Financial Fallout - The lawsuit claims Lockheed Martin failed to disclose ineffective internal controls and overstated its ability to meet contractual commitments, leading to significant financial losses [2]. - Investors experienced a series of negative disclosures that resulted in a nearly 11% drop in Lockheed Martin's stock price following the final disclosure [3]. Investigation and Statements - Hagens Berman, a law firm, is investigating the claims on behalf of investors who suffered substantial losses, focusing on whether the losses were a result of poor internal controls and inadequate risk communication [4][5]. - The firm has a history of securing over $2.9 billion for clients in corporate accountability cases [6]. Financial Performance Issues - On January 28, 2025, Lockheed Martin reported $1.8 billion in pre-tax losses in its Aeronautics segment due to performance issues [7]. - Subsequent announcements included the departure of the CFO and an additional $950 million in pre-tax losses for the Aeronautics segment, along with $570 million in pre-tax losses for the RMS segment, attributed to problems with the Canadian Maritime Helicopter Program [7].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Snap Inc. regarding a class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined from 9% to 1% during the specified period [1]. Group 1: Allegations and Financial Impact - The complaint alleges that Snap's management provided overly positive statements while concealing material adverse facts about the company's advertising revenue growth [1]. - Snap's advertising revenue growth rate fell dramatically, with a reported deceleration attributed to issues with their ad platform and external factors, leading to a significant stock price drop of approximately 17.15% from $9.39 to $7.78 per share in one day [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as April 29, 2025, to August 5, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is October 20, 2025, and there is no cost or obligation to participate in the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].