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CHTR BREAKING CLASS ACTION: Charter Communications, Inc. Investors are Notified of the October 14 Class Action Deadline -- Contact BFA Law (NASDAQ:CHTR)
GlobeNewswire News Room· 2025-08-21 12:18
Core Viewpoint - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws, particularly related to the impact of the Affordable Connectivity Program's termination on the company's customer base and earnings [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until October 14, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Charter is a leading broadband and cable operator that participated in the FCC's Affordable Connectivity Program (ACP), which provided funding to subsidize high-speed internet plans for low-income households [3]. - The ACP ended in June 2024 due to a lack of federal funding, leading to customer declines for Charter [3]. Group 3: Financial Impact - During the relevant period, Charter claimed to have successfully managed the risks associated with the end of the ACP, stating that the impact was behind them [4]. - However, the company continued to experience declines in internet customers and revenue, contradicting its earlier statements [4]. - In Q2 2025, Charter reported a decrease of 117,000 total internet customers, including approximately 50,000 disconnects related to the ACP's end, nearly double the disconnects from the previous quarter [5]. - Following this announcement, Charter's stock price fell by $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025 [5].
LINE CLASS ACTION: A Class Action Lawsuit has been filed against Lineage, Inc. After IPO -- Investors are Urged to Contact BFA Law by September 30 Court Deadline
GlobeNewswire News Room· 2025-08-05 19:36
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [1][2]. Group 1: Lawsuit Details - Investors have until September 30, 2025, to request to lead the case, which is based on claims under Sections 11 and 15 of the Securities Act of 1933 [2]. - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, specifically titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al. [2]. Group 2: Company Overview - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), owning and managing temperature-controlled storage facilities for perishable products [3]. Group 3: Allegations and Financial Performance - The IPO documents claimed that Lineage had "consistent cold chain demand" and strong cash flows, suggesting resilience during economic downturns [4]. - Contrary to these claims, it is alleged that Lineage was experiencing a downturn as customers destocked excess inventory and shifted to leaner inventories [4]. - Following the IPO on July 25, 2024, at $78 per share, the stock price has significantly declined to around $40 per share, nearly a 50% drop [5].
Lowey Dannenberg, P.C. is Investigating KBR, Inc. (NYSE: KBR) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $100,000 in Losses to Contact the Firm
GlobeNewswire News Room· 2025-07-07 19:38
Core Viewpoint - Lowey Dannenberg P.C. is investigating KBR, Inc. for potential violations of federal securities laws, indicating possible legal issues for the company [1]. Group 1: Investigation Details - The investigation targets KBR, Inc. due to potential violations of federal securities laws, which may affect the company's reputation and financial standing [1]. - Investors who have suffered losses exceeding $100,000 in KBR securities are encouraged to participate in the investigation [2]. Group 2: About Lowey Dannenberg - Lowey Dannenberg is a law firm specializing in representing institutional and individual investors who have experienced financial losses due to corporate fraud and violations of federal laws [3]. - The firm has a strong track record in prosecuting multi-million-dollar lawsuits and has successfully recovered billions for investors [3].