Workflow
Securities fraud lawsuit
icon
Search documents
FCX Deadline: FCX Investors Have Opportunity to Lead Freeport-McMoRan Inc. Securities Fraud Lawsuit First Filed by The Rosen Law Firm
Prnewswire· 2026-01-06 20:23
NEW YORK, Jan. 6, 2026 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"), of the important January 12, 2026 lead plaintiff deadline in the securities class action first filed by the Firm. So What: If you purchased Freeport-McMoRan securities during the Class Period you may be entitled to compensation without payment of any ou ...
Freeport-McMoRan (NYSE: FCX) Maintains Positive Outlook Despite Legal Challenges
Financial Modeling Prep· 2025-12-16 06:00
Morgan Stanley maintains an "Overweight" rating for FCX, raising its price target to $53 from $44.Freeport-McMoRan faces a securities fraud lawsuit, with a deadline for lead plaintiff application set for January 12, 2026.The company's stock price shows slight volatility with a current trading price of $47.55, indicating active investor interest and a strong market position.Freeport-McMoRan (NYSE:FCX) is a leading mining company known for its significant copper and gold production. The company operates large ...
Deadline Approaching: Gauzy Ltd. (GAUZ) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G.
Businesswire· 2025-12-15 20:26
Core Viewpoint - Gauzy Ltd. is facing legal action due to alleged securities fraud, with a deadline for investors to file a lead plaintiff motion by February 6, 2026 [1][6]. Group 1: Company Situation - On November 14, 2025, Gauzy announced that the Commercial Court of Lyon, France, ordered insolvency proceedings for three of its subsidiaries in France, which are aimed at preserving the business and operations while repaying creditors [3]. - The commencement of these insolvency proceedings constitutes a default under the Company's existing senior secured debt facilities, potentially leading to further defaults if not remedied [3]. - The Company will not release its third-quarter financial results as previously planned due to these proceedings [3]. Group 2: Market Reaction - Following the announcement of the insolvency proceedings, Gauzy's share price fell by $2.00 per share, or 49.8%, closing at $2.02 per share on November 17, 2025, with unusually heavy trading volume [4]. Group 3: Lawsuit Details - The class action lawsuit alleges that during the Class Period, the Defendants made materially false and misleading statements and failed to disclose adverse facts about the Company's financial situation, including the inability of its French subsidiaries to meet their debts [5]. - The lawsuit claims that the Defendants' positive statements regarding the Company's business and prospects were materially misleading and lacked a reasonable basis due to the impending insolvency [5].
Gauzy Ltd. (NASDAQ: GAUZ) Earnings Preview and Financial Challenges
Financial Modeling Prep· 2025-12-11 16:00
Core Insights - Gauzy Ltd. (NASDAQ:GAUZ) is expected to report a quarterly earnings per share (EPS) of -$0.18 and revenue of approximately $32.8 million on December 12, 2025 [1][4] Financial Metrics - The company has a negative price-to-earnings (P/E) ratio of -0.61, indicating a lack of profitability [1][4] - A negative earnings yield of -1.63% further supports concerns regarding the company's ability to generate profits [1] - The price-to-sales ratio stands at 0.24, suggesting a low valuation relative to its revenue [1] - An enterprise value to sales ratio of 0.88 provides insight into GAUZ's valuation compared to its revenue [1] - The negative enterprise value to operating cash flow ratio of -4.25 indicates challenges in generating cash flow from operations [1] - A high debt-to-equity ratio of 3.54 reflects significant financial risk due to elevated debt levels [1][4] - The current ratio of 0.66 suggests potential liquidity issues, as short-term liabilities may exceed short-term assets [2] Legal Issues - A class action lawsuit filed by Rosen Law Firm alleges securities fraud, targeting investors who purchased GAUZ securities between March 11, 2025, and November 13, 2025 [2][4] - This legal action may negatively impact investor confidence and the company's stock performance [3][4] - Shareholders who experienced financial losses are encouraged to contact Glancy Prongay & Murray LLP regarding the lawsuit, with a deadline for filing a lead plaintiff motion set for February 6, 2026 [3]
Deadline Approaching: Primo Brands Corporation (PRMB) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire· 2025-11-20 20:50
Core Viewpoint - The Law Offices of Howard G. Smith is urging investors of Primo Brands Corporation (PRMB) who suffered losses to participate in a class action lawsuit due to alleged securities fraud related to the company's merger and subsequent operational issues [1][5]. Summary by Sections Company Background - Primo Brands Corporation operates under the NYSE ticker PRMB and was formed following a merger between Primo Water Corporation and BlueTriton Brands, Inc. on November 8, 2024 [3]. Financial Performance and Stock Impact - On August 7, 2025, Primo Brands reported second quarter 2025 financial results, revealing that rapid facility closures and headcount reductions disrupted product supply and delivery, leading to a stock price drop of $2.41, or 9.1%, closing at $24.00 per share [3]. - Following the announcement on November 6, 2025, regarding the replacement of its CEO and a reduction in full-year 2025 net sales and adjusted EBITDA guidance, the stock price fell by $8.20, or 36.2%, closing at $14.46 per share on November 7, 2025 [4]. Lawsuit Details - The class action lawsuit alleges that during the class period, the defendants made materially false and misleading statements and failed to disclose significant operational issues, including poor merger integration and major supply disruptions that negatively impacted financial results [5][6]. - Investors who purchased Primo Brands common stock during the specified class period (November 11, 2024, to November 6, 2025) are encouraged to file a lead plaintiff motion by January 12, 2026, if they meet legal requirements [1][6].
SINA Deadline Today: SINA Investors Have Opportunity to Lead Sina Corporation Securities Fraud Lawsuit
Prnewswire· 2025-11-18 20:50
Core Viewpoint - Rosen Law Firm is reminding sellers of ordinary shares of Sina Corporation about the lead plaintiff deadline for a class action lawsuit related to the merger that occurred between October 13, 2020, and March 22, 2021 [1][2]. Group 1: Class Action Details - Sellers of Sina ordinary shares during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 18, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against Defendants - The lawsuit alleges that defendants engaged in a fraudulent scheme to depress the value of Sina ordinary shares to avoid paying a fair price during the merger [5]. - Key allegations include the concealment of the true value of Sina's investment in TuSimple and the misleading nature of the $43.30 per ordinary share offer during the merger [5]. - The defendants' statements regarding Sina's business and prospects were claimed to be materially false and misleading [5].
RCI Hospitality Deadline: RICK Investors Have Opportunity to Lead RCI Hospitality Holdings, Inc. Securities Fraud Lawsuit Filed by The Rosen Law Firm
Prnewswire· 2025-11-13 22:52
Core Points - Rosen Law Firm is reminding purchasers of RCI Hospitality Holdings, Inc. securities about a class action lawsuit with a lead plaintiff deadline of November 20, 2025 [1][2][5] - Investors who purchased securities during the class period from December 15, 2021, to September 16, 2025, may be entitled to compensation without upfront fees [2][5] - The lawsuit alleges that RCI Hospitality's defendants made materially false statements and failed to disclose tax fraud and bribery, leading to understated legal risks and misleading statements about the company's operations [5] Company Information - RCI Hospitality Holdings, Inc. is facing a class action lawsuit due to allegations of tax fraud and bribery, which have resulted in significant legal risks and misleading information about the company's business prospects [5] - The Rosen Law Firm has a strong track record in securities class actions, having recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]
Deadline Approaching: CarMax, Inc. (KMX) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire· 2025-11-06 17:00
Core Viewpoint - CarMax, Inc. is facing a class action lawsuit due to significant revenue and profit declines reported in its second quarter 2026 financial results, which led to a substantial drop in share price [3][4][5]. Financial Performance - CarMax reported a revenue decline of 6.0% year-over-year, with total retail used vehicle revenues decreasing by 7.2% and total gross profit declining by 5.6% [3]. - The company attributed these declines to inventory adjustments and a $71.3 million increase in loan loss provisions [3]. Shareholder Impact - Following the financial results announcement, CarMax's share price fell by $11.45, or 20.1%, closing at $45.60 per share [4]. - Investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, are encouraged to participate in the class action lawsuit [6]. Lawsuit Details - The lawsuit alleges that CarMax's management made materially false and misleading statements regarding the company's growth prospects, which were overstated and lacked a reasonable basis [5]. - The complaint highlights that the earlier growth in the 2026 fiscal year was primarily driven by temporary factors related to customer behavior influenced by tariff speculation [5].
AVTR Investors Have Opportunity to Lead Avantor, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-11-01 16:26
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Avantor, Inc. common stock during the specified Class Period, alleging misrepresentation and failure to disclose critical information regarding the company's competitive positioning and operational challenges [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to Avantor, Inc. common stock purchases made between March 5, 2024, and October 28, 2025 [1]. - The lawsuit claims that Avantor's competitive positioning was weaker than publicly represented, and that the company faced negative impacts from increased competition [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must be appointed by December 29, 2025, to represent the class in the litigation [1][3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 alone [4]. - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [4].
ROSEN, A HIGHLY RANKED LAW FIRM, Encourages V.F. Corporation Investors to Secure Counsel Before Important Deadline in Securities Fraud Lawsuit – VFC
Globenewswire· 2025-10-25 13:47
Core Viewpoint - Rosen Law Firm is reminding investors who purchased V.F. Corporation securities during the specified class period of the upcoming lead plaintiff deadline on November 12, 2025 [1] Group 1: Class Action Details - Investors who purchased V.F. Corporation securities between October 30, 2023, and May 20, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6] - The lawsuit alleges that V.F. Corporation's management provided misleading information regarding the company's turnaround plans, particularly concerning the Vans brand [5] Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has secured significant settlements for investors, including over $438 million in 2019, and has been consistently ranked among the top firms for securities class action settlements [4]