LOS ANGELES, March 11, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises monday.com, Ltd., (“monday.com” or the "Company") (NASDAQ: MNDY) investors off a class action on behalf of investors that bought securities between September 17, 2025 and February 6, 2026, inclusive (the “Class Period”). monday.com investors have until May 11, 2026 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 ...

Core Viewpoint - Driven Brands Holdings, Inc. is facing a class action lawsuit due to alleged financial misstatements and errors in their financial reporting during the Class Period from May 9, 2023, to February 24, 2026 [1][3]. Group 1: Class Action Details - Investors who purchased securities during the Class Period have until May 8, 2026, to file a lead plaintiff motion [1]. - The lawsuit claims that Driven Brands made false or misleading statements and failed to disclose significant errors in their financial statements, impacting various financial metrics [3]. Group 2: Allegations of Financial Misstatements - Specific allegations include errors in lease recording affecting right of use assets and liabilities, inaccuracies in cash balance reporting, and misclassification of expenses in the consolidated financial statements for fiscal years 2023 and 2024 [3]. - The company disclosed on February 25, 2026, that its Audit Committee found material errors in previously issued financial statements for fiscal years 2023 and 2024, necessitating a restatement [4]. - Following this disclosure, Driven Brands' stock price fell nearly 40% [4]. Group 3: Legal Representation - The Portnoy Law Firm is representing investors in this class action and offers complimentary case evaluations to discuss options for recovering losses [2][5].

Core Viewpoint - DexCom, Inc. is facing a class action lawsuit alleging that the company made materially false and misleading statements regarding its G6 and G7 devices, which may have health risks for users [3]. Group 1: Lawsuit Details - The class action is on behalf of investors who purchased DexCom securities between July 26, 2024, and September 17, 2025, with a deadline of December 26, 2025, for filing a lead plaintiff motion [1]. - Allegations include unauthorized design changes to the G6 and G7 devices that compromised their reliability and safety, posing health risks to users [3]. - The lawsuit claims that DexCom overstated the enhancements and reliability of the G7 devices while downplaying the severity of the issues related to the devices [3]. Group 2: Legal Representation - The Portnoy Law Firm is representing investors in this case and offers complimentary case evaluations to discuss options for recovering losses [2][4]. - The founding partner of the Portnoy Law Firm has a track record of recovering over $5.5 billion for investors affected by corporate wrongdoing [4].

Core Insights - Jefferies Financial Group, Inc. is under investigation for possible securities fraud, with a potential class action being considered for affected investors [1][3] Company Developments - The Portnoy Law Firm has initiated an investigation into Jefferies, advising investors to contact them for legal rights and options [2] - Jefferies is linked to the bankruptcy of First Brands Group, which has raised concerns regarding its financial reporting and potential misrepresentations [3] Financial Implications - Jefferies' asset-management unit, Point Bonita Capital, is owed approximately $715 million from companies that purchased parts from First Brands [3] - First Brands' financial issues are compounded by a significant off-balance-sheet debt, which was not disclosed to prospective lenders during refinancing efforts [3]

Core Viewpoint - Flywire Corporation is facing a class action lawsuit due to allegations of misleading statements regarding its revenue growth and the impact of visa-related restrictions on its business [3][4]. Group 1: Class Action Details - The class action represents investors who purchased Flywire securities between February 28, 2024, and February 25, 2025, with a deadline of September 23, 2025, to file a lead plaintiff motion [1]. - The Portnoy Law Firm is offering complimentary case evaluations to investors seeking to recover losses [2]. Group 2: Allegations Against Flywire - The lawsuit claims that Flywire overstated the strength and sustainability of its revenue growth [3]. - It is alleged that the negative effects of permit and visa-related restrictions on Flywire's business were understated [3]. Group 3: Financial Performance - On February 25, 2025, Flywire reported a loss per share of $0.12, missing consensus estimates by $0.12, and revenue of $117.6 million, which was $1.25 million below expectations [4]. - The CFO disclosed that revenue in Canada and Australia was expected to decline over 30% year-over-year due to policy changes and new visa rules, with similar challenges anticipated in the U.S. market [4]. - Following the announcement, Flywire's stock price fell by more than 37% [4].

Core Viewpoint - Snap Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its advertising revenue and growth potential during the specified class period from April 29, 2025, to August 5, 2025 [1][3]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased Snap securities during the class period and have until October 20, 2025, to file a lead plaintiff motion [1]. - The lawsuit claims that Snap's management created a false impression of reliable advertising revenue information while attributing uncertainties to external macroeconomic conditions [3]. Group 2: Allegations and Financial Impact - The complaint alleges that Snap's optimistic statements about advertising growth were unfounded and based on execution capabilities that the company was failing to meet [3]. - On August 5, 2025, Snap reported disappointing second quarter 2025 financial results, revealing a sharp slowdown in advertising revenue, which led to a stock price drop of more than 17% [4].

Group 1 - The Portnoy Law Firm is advising investors of Vestis Corporation regarding a class action lawsuit for those who purchased securities between May 2, 2024, and May 6, 2025 [1][2] - The lawsuit alleges that Vestis misled investors by presenting false information about its revenue forecasts and growth projections while downplaying risks related to seasonality and economic conditions [3] - On May 7, 2025, Vestis withdrew its full-year 2025 revenue and growth guidance, leading to a stock price drop of over 37% after the announcement of disappointing third-quarter forecasts [4] Group 2 - Vestis provides uniform rental services and workplace supplies across the United States and Canada [2] - The company claimed a return to positive growth in fiscal 2025, which was later deemed unfounded as it faced a substantial decline in revenue from existing customers [3] - The firm attributed its disappointing results to "lost business exceeding new business" and cited an "increasingly uncertain macro environment" as a reason for withdrawing its outlook [4]

Core Viewpoint - The Portnoy Law Firm is representing investors in a class action lawsuit against Vestis Corporation, alleging misleading information regarding revenue forecasts and growth projections during the specified class period [1][3]. Group 1: Class Action Details - The class action represents investors who purchased securities between May 2, 2024, and May 6, 2025, with a deadline of August 8, 2025, to file a lead plaintiff motion [1]. - The lawsuit claims that Vestis misled investors by presenting an overly optimistic outlook while downplaying risks associated with seasonality and economic conditions [3]. Group 2: Allegations and Company Performance - Vestis is accused of creating a false impression of reliable revenue forecasts, which ultimately led to a significant decline in revenue from existing customers [3]. - On May 7, 2025, Vestis withdrew its full-year 2025 revenue guidance and issued third-quarter forecasts that missed market expectations, attributing the disappointing results to "lost business exceeding new business" and an "increasingly uncertain macro environment" [4]. - Following the announcement of these results, Vestis' stock price fell by more than 37% [4].

Core Viewpoint - Lockheed Martin Corporation is facing a class action lawsuit due to alleged false statements and failures to disclose critical information that resulted in significant financial losses for investors during the specified class period from January 23, 2024, to July 21, 2025 [1][3][4]. Group 1: Allegations Against Lockheed Martin - The lawsuit claims that Lockheed Martin lacked effective internal controls over risk-adjusted contracts, impacting the accuracy of profit reporting [5]. - It is alleged that the company did not have adequate review procedures for program requirements, technical complexities, schedules, and risks [5]. - Lockheed Martin is accused of overstating its ability to fulfill contract commitments, particularly regarding cost, quality, and schedule [5]. - The lawsuit suggests that these failures made it likely for Lockheed Martin to report significant financial losses [5]. Group 2: Financial Impact and Stock Price Reactions - On October 22, 2024, Lockheed Martin announced an $80 million loss on a classified program, leading to a stock price drop of over 6% [5]. - A January 28, 2025 announcement revealed pre-tax losses of $1.7 billion, causing the stock price to decline by more than 9% [5]. - Following a July 22, 2025 announcement of an additional $1.6 billion in pre-tax losses, Lockheed Martin's stock price fell nearly 11% [5].

Core Viewpoint - A class action lawsuit has been initiated against Vestis Corporation, alleging that the company misled investors regarding its revenue forecasts and growth projections during the specified class period from May 2, 2024, to May 6, 2025 [1][3]. Group 1: Allegations and Misleading Information - The lawsuit claims that Vestis created a false impression of having reliable information to support its optimistic revenue forecasts while downplaying risks associated with seasonality and broader economic conditions [3]. - Vestis' claims of returning to positive growth in fiscal 2025 were deemed unfounded, as the company experienced a significant decline in revenue from existing customers, contradicting its growth projections [3]. Group 2: Financial Impact and Stock Performance - On May 7, 2025, Vestis withdrew its full-year 2025 revenue and growth guidance, issuing third-quarter forecasts that significantly missed market expectations [4]. - The company attributed its disappointing results to "lost business exceeding new business" and cited an "increasingly uncertain macro environment" as reasons for the withdrawal of its outlook, leading to a stock price drop of over 37% [4].