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EXEL Investors Have Opportunity to Join Exelixis, Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-09-04 14:06
Core Viewpoint - The Schall Law Firm is investigating Exelixis, Inc. for potential violations of securities laws related to misleading statements and undisclosed information affecting investors [1][2]. Group 1: Investigation Details - The investigation centers on whether Exelixis issued false or misleading statements and failed to disclose critical information to investors [2]. - Exelixis reported Q2 2025 financial results on July 28, 2025, indicating product revenue for cabozantinib was below expectations [2]. - The company decided not to proceed to the phase 3 portion of the STELLAR-305 study due to emerging competition and assessment of other commercial opportunities [2]. Group 2: Market Reaction - Following the announcement regarding the phase 3 trial decision, Exelixis shares fell by almost 16.8% the next day [2].
LNTH Investors Have Opportunity to Join Lantheus Holdings, Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-09-04 00:55
Core Viewpoint - The Schall Law Firm is investigating Lantheus Holdings, Inc. for potential violations of securities laws following disappointing Q2 2025 earnings results and a significant drop in share price [1][2]. Group 1: Investigation Details - The investigation centers on whether Lantheus made false or misleading statements and failed to disclose important information to investors [2]. - Following the announcement of Q2 2025 earnings on August 6, 2025, Lantheus reported revenue and earnings per share that fell short of expectations, leading to a nearly 28.6% decline in share price on the same day [2]. Group 2: Financial Performance - Lantheus lowered its guidance for full year revenue and diluted earnings per share, indicating a negative outlook for the company's financial performance [2].
COTY Investors Have Opportunity to Join Coty Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-09-04 00:51
Core Viewpoint - The Schall Law Firm is investigating Coty Inc. for potential violations of securities laws following disappointing financial results for Q4 and FY 2025, which led to a significant drop in share price [1][2]. Financial Performance - Coty reported Q4 and FY 2025 financial results on August 20, 2025, which disappointed the market [2]. - The company attributed its poor performance to delays in identifying weaknesses in U.S. execution, retailer inventory buildup, and challenges from previous fiscal year innovations [2]. - A decline in the cosmetics sector was noted, driven by value-seeking behavior, fatigue with innovation, and U.S.-specific factors such as in-store and anti-theft measures and immigration policy changes [2]. - Following the announcement, Coty's shares fell by more than 21% the next day [2].
OLO Investors Have the Opportunity to Join Investigation of Olo Inc. with the Schall Law Firm
Prnewswire· 2025-08-21 08:45
Core Viewpoint - The Schall Law Firm is investigating potential breaches of fiduciary duty by the directors and management of Olo Inc. in relation to its acquisition by Thoma Bravo for $10.25 per share [1]. Group 1 - The investigation by the Schall Law Firm focuses on whether the Olo board acted in the best interests of its shareholders during the acquisition process [1]. - Olo Inc. has agreed to be acquired by Thoma Bravo at a price of $10.25 per share [1].
SLP Investors Have Opportunity to Join Simulations Plus, Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-08-21 08:02
Group 1 - The Schall Law Firm is investigating claims on behalf of investors of Simulations Plus, Inc. for potential violations of securities laws [1] - The investigation centers on whether Simulations Plus issued false or misleading statements and failed to disclose relevant information to investors [2] - Following the Q3 2025 earnings report, Simulations Plus reported sales of $20.4 million, which was below the consensus estimate of $20.9 million, leading to a decline in the company's shares [2] Group 2 - The preliminary third-quarter sales figures released in June indicated lower expectations at $19 million to $20 million, compared to a consensus of $22.78 million [2]
PRAX Investors Have Opportunity to Join Praxis Precision Medicines, Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-08-14 13:28
Core Viewpoint - The Schall Law Firm is investigating Praxis Precision Medicines, Inc. for potential violations of securities laws related to misleading statements and undisclosed information affecting investors [1][2]. Group 1: Investigation Details - The investigation centers on whether Praxis issued false or misleading statements and failed to disclose critical information to investors [2]. - Praxis reported its Q2 2025 financial results on August 4, 2025, revealing concerning mid-state clinical results for its anti-seizure medication, vormatrigine [2]. - More than half of the patients in the trial experienced treatment-emergent adverse events, with nearly 25% of participants discontinuing the medication [2]. Group 2: Market Reaction - Following the announcement of the adverse clinical results, shares of Praxis fell by more than 5% on the same day [2].
TROX Investors Have Opportunity to Join Tronox Holdings plc Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-08-14 08:57
Core Viewpoint - The Schall Law Firm is investigating Tronox Holdings plc for potential violations of securities laws, particularly regarding misleading statements and undisclosed information that may have affected investors [1][2]. Financial Performance - Tronox reported a 10.9% year-over-year decline in revenues for Q2 2025, which was below consensus estimates [2]. - The company attributed the revenue decline to delays in Brazil's anti-dumping investigation, which negatively impacted sales in that region [2]. - Following the announcement of these results, Tronox's shares fell by more than 37.9% the next day [2].
SJM Investors Have Opportunity to Join The J. M. Smucker Company Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-08-14 08:57
Core Viewpoint - The Schall Law Firm is investigating The J. M. Smucker Company for potential violations of securities laws related to misleading statements and undisclosed information impacting investors [1][2]. Financial Performance - Smucker reported a Q4 2025 financial result on June 10, 2025, which included a significant impairment charge of $867 million related to the goodwill of its Sweet Baked Snacks segment [2]. - Additionally, the company incurred a $113 million impairment charge associated with the Hostess trademark due to the ongoing underperformance of the Sweet Baked Snacks segment [2]. - Following the announcement of these financial results, Smucker's shares experienced a decline of over 18% on the same day [2]. Company Statements - Prior to the impairment charges, Smucker had characterized its acquisition of Hostess Brands as "highly complementary" and had assured investors that the underlying trends in snacking, particularly sweet snacking, were favorable for the category [2].
Hims & Hers Health, Inc. (HIMS) - Lawmakers Urge Crackdown On Illegal Weight Loss Drugs, Novo's Termination of Collaboration With HIMS Triggers Securities Class Actions -- Hagens Berman
GlobeNewswire News Room· 2025-08-04 19:15
Core Viewpoint - Novo Nordisk terminated its collaboration with Hims & Hers due to concerns over sales practices and "deceptive" marketing of the weight-loss drug Wegovy® [1][5]. Group 1: Company Actions and Legal Implications - Novo Nordisk's termination of the partnership with Hims & Hers occurred less than two months after the collaboration began, highlighting serious regulatory compliance issues [5]. - Following Novo Nordisk's announcement, securities class action lawsuits were filed against Hims & Hers and its executives, representing investors who acquired Hims & Hers securities between April 29, 2025, and June 23, 2025 [2][6]. - Legal claims allege that Hims & Hers misled investors regarding its regulatory compliance and the revenue potential from its GLP-1 drug offerings [6][7]. Group 2: Regulatory Concerns and Market Impact - A group of over 80 bipartisan lawmakers urged the FDA to address the rising market for counterfeit GLP-1 drugs, citing risks to patient safety [4]. - The lawmakers' concerns were amplified by the fallout from the Hims & Hers and Novo Nordisk collaboration, which was marred by allegations of illegal compounding and deceptive marketing practices [4][5]. - Hims & Hers is accused of promoting unauthorized versions of Wegovy®, which could jeopardize patient safety and the company's relationship with Novo Nordisk [7][8].
Hims & Hers Health, Inc. (HIMS) – Lawmakers Urge Crackdown On Illegal Weight Loss Drugs, Novo's Termination of Collaboration With HIMS Triggers Securities Class Actions – Hagens Berman
GlobeNewswire News Room· 2025-08-01 17:17
Core Viewpoint - Hims & Hers Health, Inc. faces significant challenges following the termination of its collaboration with Novo Nordisk and increasing scrutiny from U.S. lawmakers regarding safety concerns related to copycat weight loss drugs [1][2][5]. Company Developments - On July 25, 2025, Hims & Hers shares dropped significantly amid reports of lawmakers urging the FDA to take action against counterfeit weight loss drugs [1]. - Novo Nordisk ended its collaboration with Hims & Hers on June 23, 2025, citing concerns over deceptive marketing practices and illegal compounding of its FDA-approved drug Wegovy® [2][6]. - The collaboration, which began on April 29, 2025, was short-lived, lasting less than two months due to regulatory compliance issues raised by Novo Nordisk [6]. Legal Issues - Following Novo Nordisk's announcement, securities class action lawsuits were filed against Hims & Hers and its executives, representing investors who acquired Hims & Hers securities between April 29, 2025, and June 23, 2025 [3][7]. - Legal claims allege that Hims & Hers misled investors regarding its regulatory compliance and the revenue potential from its GLP-1 drug offerings [7][8]. - The lawsuits assert that Hims & Hers engaged in deceptive promotion and sale of unauthorized versions of Wegovy®, exposing patients to risks and jeopardizing its relationship with Novo Nordisk [8][9]. Industry Context - Over 80 bipartisan lawmakers have expressed concerns about the rise of illegal and counterfeit anti-obesity medications, emphasizing the potential risks to patient safety [5]. - The scrutiny from lawmakers and the legal actions against Hims & Hers highlight the increasing regulatory pressures in the weight loss drug market, particularly concerning compliance and marketing practices [5][6].