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KBR SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against KBR, Inc. - KBR
Globenewswire· 2025-09-23 02:34
Core Viewpoint - KBR, Inc. is facing a securities class action lawsuit for failing to disclose material information during the specified Class Period, which has resulted in significant stock price declines following negative news related to a joint venture with HomeSafe Alliance [3][4]. Summary by Sections Lawsuit Details - The lawsuit is titled Norrman v. KBR, Inc., et al., No. 25-cv-04464, and is pending in the United States District Court for the Southern District of Texas [5]. - Investors who purchased KBR securities between May 6, 2025, and June 19, 2025, have until November 18, 2025, to file lead plaintiff applications [1][2]. Stock Price Impact - On June 19, 2025, KBR's joint venture, HomeSafe, announced the termination of a significant contract with the U.S. Department of Defense, leading to a drop in KBR's stock price by $3.85, or 7.29%, closing at $48.93 on June 20, 2025 [4]. - The stock experienced further decline, falling an additional $1.30, or 2.65%, to close at $47.63 on June 23, 2025 [4]. Company Background - KBR, Inc. has a 72% economic interest in HomeSafe Alliance, which was awarded a contract in 2021 to improve the military move system [4]. - Kahn Swick & Foti, LLC (KSF) is a prominent law firm specializing in securities litigation, representing various investors seeking recoveries for losses due to corporate fraud [5].
INVESTOR ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Snap Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm
Prnewswire· 2025-09-03 07:48
Core Viewpoint - A class action lawsuit has been filed against Snap Inc. for alleged violations of securities laws, specifically related to misleading statements about the impact of Apple's privacy changes on its advertising business [1][4]. Group 1: Lawsuit Details - The lawsuit is based on claims that Snap made false and misleading statements regarding its advertising capabilities in light of Apple's device privacy changes [4]. - The class period for the lawsuit is defined as between July 22, 2020, and October 21, 2021 [2]. - Investors who suffered losses during this period are encouraged to participate in the lawsuit before the deadline of January 10, 2021 [2]. Group 2: Company Statements - Snap allegedly downplayed the risks posed by Apple's privacy changes and overstated its commitment to user privacy [4]. - The company's public statements are claimed to have been materially misleading, leading to investor damages when the truth was revealed [4]. Group 3: Legal Representation - The Schall Law Firm specializes in securities class action lawsuits and is representing investors globally [5]. - Investors can contact the firm for a free discussion of their rights [3].
KINDERCARE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against KinderCare Learning Companies, Inc. - KLC
Prnewswire· 2025-08-16 02:54
Core Viewpoint - A securities class action lawsuit has been filed against KinderCare Learning Companies, Inc. for failing to disclose material information during its October 2024 IPO, with a deadline for lead plaintiff applications set for October 13, 2025 [1][2][3]. Company Information - KinderCare Learning Companies, Inc. is facing allegations related to its IPO Registration Statement and Prospectus, claiming violations of federal securities laws [3]. - The lawsuit is identified as Gollapalli v. KinderCare Learning Companies, Inc., No. 25-cv-01424 [5]. Allegations - The lawsuit alleges that KinderCare failed to disclose numerous incidents of child abuse, neglect, and harm at its facilities [4]. - It is claimed that the company did not provide the "highest quality care possible" and failed to meet basic standards in the child care industry, exposing it to undisclosed risks of lawsuits and reputational damage [4]. Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the plaintiffs in this case [6]. - The firm has been recognized among the top 10 firms nationally based on total settlement value, indicating its significant role in securities litigation [6].
The Gross Law Firm Notifies iRobot Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - IRBT
Prnewswire· 2025-08-11 12:45
Core Viewpoint - iRobot Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its restructuring plan and ability to operate as a standalone company after the termination of its acquisition by Amazon [1][2]. Group 1: Allegations and Class Period - The class period for the lawsuit is defined as January 29, 2024, to March 11, 2025 [1]. - Allegations include that iRobot overstated the effectiveness of its restructuring plan, leading to doubts about its ability to operate profitably as an independent entity [1]. - The lawsuit claims that there was substantial doubt about iRobot's ability to continue as a going concern, making the defendants' public statements materially false and misleading [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by September 5, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. - Participation in the case incurs no 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 fraud [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].
The Gross Law Firm Reminds Rocket Companies, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 8, 2025 - RKT
Prnewswire· 2025-06-26 13:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Rocket Companies, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical financial information during a specified class period [1][2]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from March 29, 2021, to April 1, 2021 [2]. - Allegations include that Rocket's gain on sale margins were contracting at the highest rate in two years due to increased competition among mortgage lenders and unfavorable shifts in operational segments [2]. - It is claimed that Rocket was engaged in a price war, further compressing margins in its Partner Network segment [2]. - The adverse trends were reportedly accelerating, with gain on sale margins expected to drop at least 140 basis points in the first half of 2021 [2]. - The favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had disappeared, returning margins to levels not seen since Q1 2019 [2]. - Overall, the defendants' positive statements about the company's operations were deemed materially misleading [2]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 8, 2025, to participate in the case [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software [3]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [4]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to artificial inflation of stock prices [4].
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fluence Energy, Inc. (FLNC)
GlobeNewswire News Room· 2025-04-17 00:00
Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for allegedly misleading investors regarding the company's financial health and relationships with key partners [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of Virginia on behalf of all individuals or entities that purchased Fluence Energy securities between November 29, 2023, and February 10, 2025 [1]. - The complaint alleges that the defendants made false or misleading statements and failed to disclose critical information about the company's declining relationships with Siemens AG and The AES Corporation [2]. Group 2: Allegations Against the Company - Specific allegations include that Siemens Energy accused Fluence Energy of engineering failures and fraud, which could impact the company's revenue and margins [2]. - The lawsuit claims that the company's reported growth and financial results were inflated due to the impending divestment by Siemens and AES, leading to a lack of reasonable basis for the company's positive statements regarding its battery energy storage business [2]. Group 3: Investor Actions - Investors who acquired shares of Fluence Energy are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on May 12, 2025 [3].
GO Deadline in 1 Day: Kessler Topaz Meltzer & Check, LLP Reminds Grocery Outlet Holding Corp. (GO) Investors of Filing Deadline in Class Action Lawsuit
GlobeNewswire News Room· 2025-03-30 15:56
Core Viewpoint - A securities class action lawsuit has been filed against Grocery Outlet Holding Corp. for alleged misconduct during the Class Period from November 7, 2023, to May 7, 2024, related to the company's Systems Transition and its impact on financial performance [1][2][3]. Group 1: Allegations and Impact - The lawsuit claims that during the Class Period, Grocery Outlet's management misled investors regarding the reliability of information about the Systems Transition and downplayed potential financial risks associated with it [3]. - On May 7, 2024, Grocery Outlet reported first quarter fiscal year 2024 results that revealed a larger-than-expected negative impact from Systems Transition issues, leading to a significant stock price drop from $25.90 to $20.88, a decline of approximately 19.38% in one day [4]. Group 2: Legal Process - Investors in Grocery Outlet have until March 31, 2025, to apply to be appointed as lead plaintiffs in the class action, representing the interests of all class members [5]. - The lead plaintiff will select legal counsel to represent the class, and participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [5]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [6].