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SelectQuote Shareholder Alert: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against SelectQuote, Inc. - SLQT
Prnewswire· 2025-10-04 02:31
Group 1 - The core point of the news is that SelectQuote, Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period from September 9, 2020, to May 1, 2025, with a deadline for lead plaintiff applications set for October 10, 2025 [1][3] - The U.S. Department of Justice filed a complaint against SelectQuote on May 1, 2025, alleging that the company received "tens of millions of dollars" in illegal kickbacks from health insurance companies from 2016 to at least 2021, which led to a significant drop in the company's stock price by 19.2% to $2.56 per share on the same day [4] - ClaimsFiler is a service that assists retail investors in recovering funds from securities class action settlements, providing resources for investors to register, upload transactional data, and seek legal evaluations [5][6] Group 2 - The lawsuit against SelectQuote includes allegations of conspiracy with major insurers to discriminate against less profitable Medicare beneficiaries and making materially false claims regarding unbiased coverage comparisons [4] - Investors affected by the lawsuit are encouraged to visit ClaimsFiler's website or contact the law firm Kahn Swick & Foti, LLC for legal assistance [2]
SVRA Class Action Alert: Robbins LLP Reminds Stockholders of the Lead Plaintiff Deadline in the Savara Inc. Securities Class Action Lawsuit
Globenewswire· 2025-09-12 20:01
Core Viewpoint - A class action lawsuit has been filed against Savara Inc. for allegedly misleading investors regarding the viability of its lead drug candidate, MOLBREEVI, during the specified class period [1][2]. Group 1: Allegations and Company Performance - The complaint alleges that Savara failed to disclose critical information about the MOLBREEVI Biologics License Application (BLA), specifically that it lacked sufficient details on chemistry, manufacturing, and controls [2]. - It is claimed that the FDA was unlikely to approve the MOLBREEVI BLA in its current form, which would delay Savara's submission timeline and increase the need for additional capital [2]. - Following the announcement of a refusal to file (RTF) letter from the FDA on May 27, 2025, Savara's stock price dropped by $0.90, or 31.69%, closing at $1.94 per share [3]. Group 2: Legal Proceedings and Participation - Shareholders may be eligible to participate in the class action against Savara Inc., with the option to serve as lead plaintiff or remain an absent class member [4]. - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation [5].
AI Investors Have Opportunity to Lead C3.ai, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-09-03 09:30
Core Viewpoint - A class action lawsuit has been filed against C3.ai, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its revenue projections and the impact of its CEO's health on operations [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased C3's securities between February 26, 2025, and August 8, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against C3.ai - The complaint alleges that C3.ai made false and misleading statements that led investors to believe the company could reliably project its revenues and growth [4]. - The company downplayed the risks associated with the health concerns of CEO Thomas M. Siebel, which ultimately affected its optimistic projections for growth, earnings, and margins [4]. - When the truth about C3's operations and the impact of the CEO's health became known, investors suffered damages [4].
SelectQuote (SLQT) Securities Lawsuit: What Investors Need to Know – Hagens Berman
GlobeNewswire News Room· 2025-08-20 17:18
Core Viewpoint - A securities class action lawsuit has been filed against SelectQuote following the U.S. Department of Justice's intervention in a separate lawsuit, leading to a significant 19% drop in the company's stock price on May 1, 2025 [1][4]. Group 1: Lawsuit Details - The class action, Pahlkotter v. SelectQuote, Inc. et al., seeks to represent investors who acquired SelectQuote securities between September 9, 2020, and May 1, 2025 [2]. - The lead plaintiff deadline for the lawsuit is set for October 10, 2025 [2]. Group 2: Allegations Against SelectQuote - The lawsuit alleges that SelectQuote made false and misleading statements regarding its business practices, particularly in its Medicare Advantage sales [3]. - The DOJ claims that from 2016 to at least 2021, SelectQuote received "tens of millions of dollars" in illegal kickbacks for directing Medicare beneficiaries to specific plans, contradicting its claims of providing unbiased advice [3][8]. - The company allegedly discriminated against less profitable beneficiaries and directed customers to the highest-paying plans, which raises concerns about compliance with applicable laws [3][8]. Group 3: Impact on Stock and Investor Sentiment - Following the announcement of the DOJ's involvement and the class action lawsuit, SelectQuote's stock price has continued to decline, indicating a significant impact on the company's market value [4]. - Hagens Berman is investigating the extent to which SelectQuote's alleged practices may have inflated its financial results, leading to investor losses [7][9].
SRPT INVESTOR NOTICE: Robbins Geller Ruman & Dowd LLP Announces that Sarepta Therapeutics, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
GlobeNewswire News Room· 2025-08-18 09:15
Core Viewpoint - The article discusses a class action lawsuit against Sarepta Therapeutics, alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding the safety and efficacy of its gene therapy product, ELEVIDYS, during a specified class period [1][3]. Company Overview - Sarepta Therapeutics is a commercial-stage biopharmaceutical company focused on developing therapies for Duchenne muscular dystrophy, including its gene therapy product, ELEVIDYS [2]. Allegations of the Lawsuit - The lawsuit claims that Sarepta and its executives made false or misleading statements about ELEVIDYS, including significant safety risks, inadequate trial protocols to detect severe side effects, and the potential for adverse events to halt clinical trials and regulatory approvals [3]. - Specific incidents cited include: - On March 18, 2025, a patient treated with ELEVIDYS suffered acute liver failure leading to death, causing Sarepta's stock to drop over 27% [4]. - On April 4, 2025, Sarepta disclosed that EU authorities requested a review of the death, leading to a further stock decline of over 7% [5]. - On June 15, 2025, a second patient died from acute liver failure, prompting Sarepta to suspend shipments and pause dosing, resulting in a stock price drop of over 42% [6]. - On June 24, 2025, the FDA announced an investigation into the risk of acute liver failure associated with ELEVIDYS, causing an additional stock decline of over 8% [7]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Sarepta securities during the class period to seek appointment as lead plaintiff in the lawsuit, representing the interests of all class members [8].
WST INVESTOR ALERT: Kirby McInerney LLP Notifies West Pharmaceutical Services, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit
GlobeNewswire News Room· 2025-06-06 00:00
Core Viewpoint - West Pharmaceutical Services, Inc. is facing a federal securities class action due to disappointing revenue and earnings forecasts, attributed to operational challenges and customer losses during the Class Period from February 16, 2023, to February 12, 2025 [1][3]. Group 1: Financial Performance and Forecasts - On February 13, 2025, West issued weak revenue and earnings forecasts for 2025, citing challenges including the loss of two major continuous glucose monitoring (CGM) customers transitioning to in-house manufacturing [3]. - The company's share price dropped by approximately 38%, from $322.28 on February 12, 2025, to $199.11 on February 13, 2025, following the announcement [3]. Group 2: Allegations in the Class Action - The complaint alleges that West failed to disclose significant destocking issues in its high-margin HVP portfolio, contrary to claims of strong visibility into customer demand [4]. - It is claimed that the SmartDose device, positioned as a high-margin growth product, was actually dilutive to profit margins due to operational inefficiencies [4]. - The margin pressures faced by West raised concerns about potential costly restructuring activities, including exiting CGM contracts with long-standing customers [4].
COMPASS DIVERSIFIED SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Compass Diversified Holdings - CODI
GlobeNewswire News Room· 2025-05-15 02:58
Core Viewpoint - Compass Diversified Holdings is facing a securities class action lawsuit due to alleged failure to disclose material information during the class period, leading to significant financial restatements and a drastic drop in share price [3][4]. Group 1: Lawsuit Details - Investors have until July 8, 2025, to file lead plaintiff applications in the class action lawsuit against Compass Diversified Holdings for securities purchased between May 1, 2024, and May 7, 2025 [1]. - The lawsuit is pending in the United States District Court for the Central District of California, under the case name Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981 [5]. - The lawsuit alleges that Compass and certain executives failed to disclose material information, violating federal securities laws [3]. Group 2: Financial Impact - On May 7, 2025, Compass Diversified announced that its financial statements for fiscal 2024 would require restatement due to an ongoing internal investigation into its subsidiary, Lugano Holding, Inc. [4]. - Following this announcement, Compass' share price fell approximately 62%, from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025 [4]. Group 3: Company Actions - The Audit Committee of Compass' Board of Directors initiated an investigation after concerns were raised regarding Lugano's financing practices, which preliminarily identified irregularities in financing, accounting, and inventory practices [4]. - Moti Ferder, the founder and CEO of Lugano, resigned from all positions without severance compensation effective May 7, 2025 [4]. Group 4: Investor Resources - ClaimsFiler provides resources for Compass Diversified investors to understand their legal options and file claims related to the class action lawsuit [2][6]. - Investors can register for free on ClaimsFiler.com to access information about various securities class action cases and submit inquiries for case evaluations [6].
Barrack, Rodos & Bacine Notifies Shareholders of Open Lending Corp. (LPRO) of a Securities Class Action Lawsuit
GlobeNewswire News Room· 2025-05-05 13:30
Core Viewpoint - A class action lawsuit has been filed against Open Lending Corp. due to significant financial losses reported by the company, impacting investors who purchased stock between February 24, 2022, and March 31, 2025 [1]. Financial Performance - Open Lending postponed its earnings release and conference call on March 17, 2025, and requested additional time to complete its annual 10-K report, leading to a 9.3% drop in share price to $3.91 [2]. - On March 31, 2025, Open Lending reported a net loss of $144 million, attributed to the deterioration of prior loan vintages, elevated delinquencies and defaults, and increased income tax expenses [3]. - Following the loss announcement, Open Lending's stock plummeted nearly 58%, closing at $1.17 per share [4]. Legal Actions - Investors who purchased Open Lending stock during the specified class period and incurred losses are encouraged to contact the law firm Barrack, Rodos & Bacine regarding their rights and the potential for leading the class action lawsuit [5]. - The deadline for investors to submit a motion to be appointed as lead plaintiff is June 30, 2025, although participation in any recovery does not require serving as lead plaintiff [6]. Law Firm Background - Barrack, Rodos & Bacine has over 40 years of experience in prosecuting securities law class actions, achieving significant recoveries for investors in high-profile cases [7].
FLNC INVESTOR NOTICE: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Prnewswire· 2025-05-01 14:40
Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of misleading statements and undisclosed product defects that have led to significant financial losses for investors [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit against Fluence Energy involves purchasers of its Class A common stock from October 28, 2021, to February 10, 2025, with a deadline of May 12, 2025, for seeking lead plaintiff status [1]. - The lawsuit alleges that Fluence Energy and its executives violated the Securities Exchange Act of 1934 by making false statements regarding the quality and performance of their energy storage products [3][4]. - Specific allegations include defective design and operational issues with products, failure to address known defects, and overstated efficacy and safety claims [3]. Group 2: Financial Impact and Stock Performance - Following the revelation of defects in the Diablo project, Fluence Energy's stock price dropped over 15% [4]. - A subsequent report by Blue Orca Capital led to an additional decline of more than 13% in stock price due to allegations of premature technology sales and a lawsuit from Siemens Energy Inc. for fraud and design failures [5]. - In November 2024, Fluence Energy's stock fell approximately 22% after the company reported that only 65% of its fiscal 2025 revenue guidance was backed by current contracts, indicating a need for new orders [6]. - The company further reduced its fiscal 2025 revenue guidance by about $600 million in February 2025, resulting in a significant stock price drop of over 52% [7]. Group 3: Company Background - Fluence Energy is a global provider of energy storage products and services, focusing on renewable energy solutions [2].
Napco Security Technologies, Inc. Investor Notice: Robbins LLP Reminds Stockholders of the Securities Class Action Lawsuit Against NSSC
GlobeNewswire News Room· 2025-04-30 21:23
Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for allegedly misleading investors about its growth projections and sales performance during the specified period [1][2]. Allegations - The lawsuit claims that Napco failed to disclose its true ability to forecast product demand and its negotiating position with distributors, leading to inflated long-term growth projections [2]. - Napco attributed its declining hardware sales to one-off setbacks, while the complaint argues that the company's forecasting processes were inadequate [2]. Financial Impact - On February 3, 2025, Napco reported disappointing financial results for Q2 of fiscal 2025, showing a significant drop in hardware sales [3]. - Following this announcement, Napco's stock price fell from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by June 24, 2025, but participation is not required to be eligible for recovery [4]. - The law firm Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5].