False and misleading statements

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Shareholders of Lockheed Martin Corporation Should Contact The Gross Law Firm Before September 26, 2025 to Discuss Your Rights - LMT
Prnewswire· 2025-08-11 12:45
CLASS PERIOD: January 23, 2024 to July 21, 2025 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Lockheed Martin lacked effective internal controls regarding its purportedly risk adjusted contracts including the reporting of its risk adjusted profit booking rate; (2) Lockheed Martin lacked effective procedures to perform reasonably accurate comprehensive reviews of program requirements, techni ...
Investors in Reddit, Inc. Should Contact The Gross Law Firm Before August 18, 2025 to Discuss Your Rights - RDDT
Prnewswire· 2025-07-10 13:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to user traffic and advertising revenue [1][2]. Group 1: Allegations - The complaint alleges that during the class period from October 29, 2024, to May 20, 2025, Reddit's management made materially false and misleading statements [1]. - Key allegations include that changes in Google Search's algorithm were causing users to stop their queries on Google, leading to reduced traffic to Reddit [1]. - It is claimed that the increase in search queries for "Reddit" was due to users finding answers directly on Google, not because they intended to visit Reddit [1]. - The lawsuit asserts that these changes resulted in a significant decline in traffic that the company could not overcome in the short term [1]. - As a result, the defendants lacked a reasonable basis for their outlook on user rates and advertising revenues, making their public statements misleading [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of RDDT during the specified class period are encouraged to register for the class action by August 18, 2025 [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. - Participation in the case does not incur any cost or obligation for the shareholders [2]. 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 illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].
Lost Money on Ready Capital Corporation(RC)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-05-01 09:45
Core Viewpoint - The Gross Law Firm is notifying shareholders of Ready Capital Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed issues related to non-performing loans in its commercial real estate (CRE) portfolio [2][4]. Group 1: Allegations and Class Period - The class period for the allegations is from August 8, 2024, to March 2, 2025 [2]. - Allegations include that Ready Capital failed to disclose significant non-performing loans that were unlikely to be collectible and did not accurately reflect these issues in their expected credit loss or valuation allowances [2]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [3]. 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 [4].