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Rezolute, Inc. (RZLT) Shares Tank 90% Amid Lead Asset Trial Failure -- Hagens Berman Investigating
Prnewswire· 2025-12-12 13:30
The firm urges investors in Rezolute who suffered significant losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/rzlt Contact the Firm Now: [email protected] 844-916-0895 Rezolute, Inc. (RZLT) Investigation: As recently as mid-November, Rezolute assured investors that "in both the real-world setting as well as in clinical studies, erso has shown the potential to subst ...
Hagens Berman Investigating Rezolute, Inc. (RZLT) as Shares Tank 90% Amid Lead Asset Trial Failure
Businesswire· 2025-12-12 00:59
SAN FRANCISCO--(BUSINESS WIRE)--On December 11, 2025, investors in Rezolute, Inc. (NASDAQ: RZLT) saw the price of their shares crater as much as 90% during intraday trading after the company revealed the failure of its Phase 3 sunRIZE trial for ersodetug ("erso†). The company has billed this drug as a potential treatment for hypoglycemia caused by hyperinsulinism ("HI†). The news, analyst moves, and severe market reaction have prompted national shareholders rights firm Hagens Berman to open an investiga ...
Soleno Therapeutics (SLNO) Faces Investor Scrutiny Amid Disappointing VYKAT XR Starts, Discontinuations; Shares Down 26% – Hagens Berman
Globenewswire· 2025-11-13 17:17
Core Insights - Soleno Therapeutics, Inc. experienced a significant drop in share price, falling $18.78 (-28%) following disappointing news regarding its drug VYKAT™ XR, which is intended to treat hyperphagia associated with Prader-Willi syndrome [1] Company Performance - The company had previously assured investors of a successful launch of VYKAT™ XR after receiving FDA approval, claiming it "exceeded expectations" [3] - However, during the Q3 2025 earnings call, Soleno disclosed disruptions in the launch trajectory, citing a lower number of start forms and increased discontinuations due to non-serious adverse events [3] Market Reaction - Following the negative news, Hagens Berman, a national shareholders rights firm, initiated an investigation into Soleno, focusing on the accuracy of the company's statements regarding the safety and commercial prospects of VYKAT™ XR [2][6] - The investigation was prompted by concerns raised by short seller Scorpion Capital, which highlighted reports of children hospitalized for potential heart failure after using the drug [4] Competitive Position - Scorpion Capital characterized Soleno as a "one-trick pony" with no other significant assets or pipeline, emphasizing the risk of the company's failure if VYKAT™ XR does not succeed, especially with its core patent expiring in 2026 [4] - The report also questioned the integrity of Soleno's launch metrics and raised concerns about a controversial physician involved in key trials, suggesting potential irregularities in data integrity [5] Financial Impact - Since the publication of Scorpion's report on August 14, 2025, Soleno's share price has declined nearly 40% by November 5, 2025 [5]
CarMax, Inc. (KMX) Faces Investor Scrutiny After Unexpected $142 Million Loss Provision Sends Shares Tumbling -- Hagens Berman
Globenewswire· 2025-09-29 16:18
Core Viewpoint - CarMax, Inc. experienced a significant stock decline of nearly 20% following the unexpected increase in loan loss provisions in its CarMax Auto Finance segment, raising concerns about the quality of its loan portfolio [1][6][7]. Financial Performance - The second-quarter 2026 financial results revealed a loan loss provision of $142 million, marking a sequential increase of nearly 40% and a year-over-year rise of approximately 24% [6]. - CarMax's financial results missed analysts' consensus estimates for GAAP EPS and revenue, primarily due to the increased loan loss provision [6]. Management Assurances - Prior to the Q2 2026 report, management had stated during the first-quarter 2025 earnings call that the provision of $101.7 million would likely be the "high watermark" for the year, expressing confidence in the reserve adjustments made [5]. - The recent provisioning increase contradicted these earlier assurances, as management acknowledged deteriorating credit trends that had begun to emerge in Q1 [7]. Investigation and Legal Actions - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether CarMax misled investors regarding the quality of its loan portfolio [2][3]. - The investigation is focused on the propriety of CarMax's disclosures about the quality of its loan portfolio, which includes older vintage loans and new originations [3][8].
aTyr Pharma, Inc. (ATYR) Faces Investor Scrutiny After EFZO-FIT Study Failure Drives Shares 80% Lower -- Hagens Berman
Globenewswire· 2025-09-25 18:50
Core Insights - aTyr Pharma, Inc. experienced a significant drop in share price, over 80%, following the announcement that its late-stage study of efzofitimod for pulmonary sarcoidosis did not meet its primary endpoint [1][5] Company Developments - The company reported that the topline results of the EFZO-FIT trial failed to achieve statistical significance in steroid reduction after a year of forced tapering, with placebo tapering outperforming the company's projections [5] - aTyr had previously assured investors that its Phase 2 data was among the best seen by experts and emphasized a multi-billion-dollar market opportunity for efzofitimod [4] Market Reaction - Following the disappointing trial results, the market reacted sharply, leading to a significant decline in aTyr's share price and prompting numerous analyst downgrades [5] Legal Investigation - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether aTyr misled investors regarding the Phase 2 data and the design of the Phase 3 EFZO-FIT trial [2][6] - The firm is encouraging investors who suffered losses to come forward and is seeking information from individuals who may assist in the investigation [2][6]
aTyr Pharma, Inc. (ATYR) Faces Investor Scrutiny After EFZO-FIT Study Failure Drives Shares 80% Lower -- Hagens Berman
Globenewswire· 2025-09-22 15:08
Core Insights - aTyr Pharma, Inc. experienced a dramatic decline in share price, dropping over 80% after failing to meet the primary endpoint in its late-stage study of efzofitimod for pulmonary sarcoidosis [1][5] Company Performance - The topline results from the EFZO-FIT trial indicated that the primary goal of steroid reduction was not achieved, with placebo tapering outperforming the company's expectations [5] - aTyr previously claimed that its Phase 2 data was among the best seen by experts and highlighted a multi-billion-dollar market opportunity for efzofitimod [4] Market Reaction - Following the disappointing trial results, the market reacted severely, leading to a significant drop in share price and numerous analyst downgrades [5] Legal Investigation - Hagens Berman, a national shareholders rights firm, has initiated an investigation into aTyr for potentially misleading investors regarding the Phase 2 data and the design of the Phase 3 trial [2][6] - The investigation is focused on the accuracy of aTyr's disclosures and the implications of the failed trial results on investor expectations [3][6]
aTyr Pharma, Inc. (ATYR) Faces Investor Scrutiny After EFZO-FIT™ Study Failure Drives Shares 80% Lower -- Hagens Berman
Globenewswire· 2025-09-16 21:53
Company Overview - aTyr Pharma, Inc. experienced a significant decline in share price, dropping over 80% following the announcement that its late-stage study of efzofitimod for pulmonary sarcoidosis did not meet its primary endpoint [1][5]. Market Reaction - The market reacted severely to the topline results call on September 15, 2025, where aTyr reported that the trial failed to achieve statistical significance in steroid reduction, with placebo tapering outperforming the company's expectations [5]. Investigation Details - Hagens Berman, a national shareholders rights firm, has initiated an investigation into aTyr for potentially misleading investors regarding the Phase 2 data and the design of the Phase 3 EFZO-FIT™ trial [2][6]. - The investigation is focused on the accuracy of aTyr's disclosures about the quality of its Phase 2 efzofitimod data and the trial design [3][6]. Company Claims - aTyr previously assured investors that its Phase 2 data was among the best seen by experts and claimed that efzofitimod could dominate the ILD market, which was described as a multi-billion-dollar opportunity [4][6].
America's Car-Mart, Inc. (CRMT) Faces Investor Scrutiny After Significant Q126 Miss, Surprise Spike in Procurement Costs -- Hagens Berman
Prnewswire· 2025-09-15 20:26
Core Viewpoint - America's Car-Mart, Inc. experienced a significant decline in share price following the release of its Q1 2026 financial results, which were adversely affected by tariff impacts and other operational challenges [1][6]. Financial Performance - For Q1 2026, Car-Mart reported a sales volume decline of 5.7%, with units sold decreasing from 14,391 to 13,568 compared to the previous year [6]. - The company's share price fell by over 18%, dropping $8.14 on September 4, 2025, following the financial results announcement [1][6]. Investor Concerns - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether Car-Mart misled investors regarding its receivables and customer risks, particularly in relation to tariff impacts [2][3]. - The investigation is focused on the accuracy of Car-Mart's disclosures about the risks posed by tariffs, especially after the company previously assured investors of manageable impacts [4][7]. Disclosure Issues - In mid-June 2025, Car-Mart claimed to have effectively managed tariff impacts, stating an increase of only $300 per vehicle unit [4]. - However, subsequent disclosures revealed the need to enhance transparency regarding loan modifications for financially distressed borrowers, leading to a stock price drop of $3.12 (5.2%) on July 15, 2025, and a further decline of $3.70 (7.5%) on July 30, 2025, when the company stated that prior financial statements should no longer be relied upon [5][6]. Legal and Regulatory Actions - The investigation by Hagens Berman is seeking information from investors who may have suffered losses and from individuals with knowledge that could assist in the inquiry [2][7]. - Whistleblowers with non-public information regarding Car-Mart are encouraged to come forward, with potential rewards for information leading to successful recovery by the SEC [7].
BellRing Brands (BRBR) Faces Investor Scrutiny Amid Upcoming Retailer Destocking, Share Price Decline; BRBR Investors With Substantial Losses And Persons With Knowledge Encouraged To Contact Hagens Berman
GlobeNewswire News Room· 2025-07-21 21:24
Core Insights - BellRing Brands, Inc. experienced a significant decline in share price, dropping approximately 19% following the announcement of anticipated reductions in retailer inventory levels for Q3 2025 [1][5] Company Performance - The company, known for its Premier Protein and Dymatize products, initially projected strong consumer demand and growth momentum entering 2025 [3] - However, during the Q2 2025 earnings call, BellRing indicated that several retail partners decided to lower their inventory levels, which would create a "mid-single-digit headwind" to growth estimates for Q3 [4] - The revised outlook suggested that net sales growth for the upcoming quarter would likely only reach low-single-digits, with Premier Protein expected to sustain growth while other brands stagnated or declined [4] Investor Reaction - The announcement led to a sharp decline in BellRing's stock price, closing down nearly 19%, equating to a loss of $14.88 per share as investors reacted to the news of slowing sales and retail inventory adjustments [5] - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether BellRing may have misled investors regarding consumer demand and inventory levels [2][5]