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].

Core Viewpoint - Hims & Hers Health, Inc. is facing allegations of deceptive practices related to the promotion and sale of illegitimate versions of Wegovy®, which may jeopardize its collaboration with Novo Nordisk and mislead investors about the company's prospects [2]. Group 1: Allegations and Legal Action - The class period for the allegations against Hims & Hers Health, Inc. is from April 29, 2025, to June 23, 2025 [2]. - Allegations include that Hims engaged in deceptive promotion and selling of illegitimate versions of Wegovy®, risking patient safety [2]. - The complaint suggests that the misleading statements from the company created a false impression of its business operations and future prospects [2]. Group 2: Shareholder Information - Shareholders who purchased shares during the class period are encouraged to register for potential lead plaintiff appointment, with a deadline of August 25, 2025 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].

Core Points - The High Court ruled that Hewlett Packard (HP) is owed nearly $1 billion by the estate of the late Mike Lynch and his former business partner due to HP's acquisition of Autonomy [1][2] - HP is entitled to $944 million for the difference between the price paid for Autonomy and what it would have paid had it known the company's true financial position, along with an additional $47.5 million for losses related to hardware sales and other transactions [2] Legal Background - HP sued Lynch and Hussain in 2015, alleging they orchestrated a fraud to inflate Autonomy's value, which HP acquired for $11.1 billion in 2011 [4][5] - The deal fell apart within a year, leading HP to write down Autonomy's value by $8.8 billion and file a $5 billion lawsuit against Lynch and Hussain [4][8] Court Rulings - The High Court previously ruled in HP's favor in 2022, indicating that HP would receive "considerably less" than the initially claimed $5 billion [6] - Judge Robert Hildyard determined that HP would have paid £23 per share instead of the £25.50 actually paid for Autonomy, stating that HP's claim was "substantially exaggerated" [8] Future Proceedings - A further hearing is scheduled for November to address any applications for permission to appeal and the division of damages between Lynch's estate and Hussain, who has already settled with HP [3]

Core Viewpoint - Petco Health and Wellness Company, Inc. is facing allegations regarding the sustainability of its business model and the accuracy of its public statements, particularly related to its pandemic-related growth and product strategy [2]. Group 1: Allegations - The pandemic-related growth experienced by Petco is claimed to be unsustainable, as is its focus on premium and high-grade pet food [2]. - The strength of Petco's differentiated product strategy is alleged to have been overstated [2]. - Defendants are accused of downplaying the severity of issues affecting the company and the necessary changes to address these issues [2]. - There are claims that Petco's ability to achieve sustainable and profitable growth was overstated [2]. - Public statements made by the defendants are described as materially false and misleading throughout the relevant period [2]. Group 2: Class Action Details - The class period for the allegations spans from January 14, 2021, to June 5, 2025 [2]. - Shareholders are encouraged to register for the class action by the deadline of August 29, 2025 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Viewpoint - A securities class action lawsuit has been filed against Reckitt Benckiser Group PLC for failing to disclose material information during the Class Period, which may have led to economic losses for investors [3][4]. Group 1: Lawsuit Details - Investors who purchased Reckitt's American Depositary Shares (ADSs) between January 13, 2021, and July 28, 2024, have until August 4, 2025, to file lead plaintiff applications [1][2]. - The lawsuit alleges that Reckitt and certain executives violated federal securities laws by not disclosing risks associated with their cow's milk-based formula, Enfamil, which could lead to increased legal claims and impact sales [3][4]. Group 2: Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the plaintiffs in this case [5]. - The firm has a strong track record, being ranked among the top 10 firms nationally based on total settlement value [5].

Core Viewpoint - Petco Health and Wellness Company, Inc. is facing allegations regarding the sustainability of its business model and the accuracy of its public statements, particularly related to its pandemic-driven growth and product strategy [2]. Group 1: Allegations and Class Action Details - The class period for the allegations against Petco spans from January 14, 2021, to June 5, 2025 [2]. - Allegations include that Petco's pandemic-related growth was unsustainable and that its premium pet food business model was overstated [2]. - Defendants are accused of downplaying the severity of issues affecting the company and overstating its ability to achieve sustainable, profitable growth [2]. Group 2: Shareholder Actions - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by the deadline of August 29, 2025 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - Participation in the case does not incur any costs or obligations for the shareholders [3]. 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 [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].