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Kirby McInerney LLP Announces Investigation Against National Grid plc on Behalf of Investors
GlobeNewswire News Room· 2025-08-19 20:42
Group 1 - The law firm Kirby McInerney LLP is investigating potential claims against National Grid USA Service Company, Inc. for possible violations of federal securities laws and unlawful business practices [1] - A report by the National Energy System Operator revealed that a fire at Heathrow Airport was caused by a known fault at an electrical substation owned by National Grid, which the company had been aware of since 2018 but failed to address [3] - Following the release of the NESO report, National Grid's American Depositary Receipt (ADR) price fell by $3.77, or approximately 5.07%, from $74.38 to $70.61 [3] Group 2 - Kirby McInerney LLP specializes in securities litigation and has achieved recoveries totaling billions of dollars for shareholders [6]
SLP SECURITIES: Simulations Plus, Inc. Shareholders that Lost Money may have been Affected by Fraud -- Contact BFA Law (NASDAQ:SLP)
GlobeNewswire News Room· 2025-08-19 12:36
Core Viewpoint - Simulations Plus, Inc. is under investigation for potential violations of federal securities laws following issues related to its acquisition of Pro-ficiency Holdings, Inc. and subsequent financial reporting problems [1][2][3]. Group 1: Company Overview - Simulations Plus is a software company focused on modeling and simulation tools for the pharmaceutical, biotechnology, and chemical industries [2]. - In June 2024, Simulations Plus acquired Pro-ficiency Holdings, which was expected to enhance its market reach and sales [2][3]. Group 2: Financial Reporting Issues - The company claimed that the integration of Pro-ficiency would double its total addressable market and significantly contribute to sales, but it appears that the integration was not successful and internal controls were ineffective [3]. - On April 15, 2025, Simulations Plus appointed Grant Thornton LLP as its new auditor, but shortly after, it reported disappointing preliminary financial results for Q3 2025, attributing the decline to market uncertainties [4]. Group 3: Stock Performance - Following the announcement of disappointing financial results on June 11, 2025, Simulations Plus's stock price dropped by $6.39, or over 24%, from $26.44 to $20.05 per share [4]. - On July 14, 2025, the company reported a $77.2 million charge related to prior acquisitions and dismissed Grant Thornton, which raised concerns about its internal controls and financial reporting [5]. - The stock price fell again by $4.50, nearly 26%, from $17.47 to $12.97 per share after the news of the impairment charge and auditor dismissal [5].
PUBMATIC ALERT: Bragar Eagel & Squire, P.C. is Investigating PubMatic, Inc. on Behalf of PubMatic Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-08-14 00:50
Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against PubMatic, Inc. for possible violations of federal securities laws and unlawful business practices [2] - PubMatic reported a significant revenue decline expected in Q3 2025 due to reduced ad spending from a major demand-side platform (DSP) partner, leading to a 21.1% drop in share price [3] Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in PubMatic to contact them to discuss their legal rights [1][4] - The investigation focuses on whether PubMatic has engaged in unlawful business practices that may have affected stockholder interests [2] Group 2: Financial Performance - PubMatic's Q2 2025 financial report indicated a headwind from a top DSP buyer, which has shifted clients to a new platform [3] - Following the announcement, PubMatic's share price fell from $10.57 to $8.34, a decrease of $2.23 per share [3]
ANIKA (ANIK) ALERT: Bragar Eagel & Squire, P.C. Continues Investigating Anika Therapeutics, Inc. on Behalf of Anika Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-08-12 23:34
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Anika Therapeutics, Inc. for possible violations of federal securities laws and unlawful business practices following a significant drop in stock price after the announcement of clinical trial results for Hyalofast [1][3]. Group 1: Company Overview - Anika Therapeutics, Inc. (NASDAQ: ANIK) is under scrutiny for its business practices and compliance with federal securities laws [1]. - The company recently announced topline results from a pivotal clinical trial of Hyalofast, which did not meet its pre-specified co-primary endpoints [3]. Group 2: Clinical Trial Results - The clinical trial for Hyalofast showed improvements in treated patients compared to microfracture, but the study's outcomes were affected by a higher dropout rate and missed visits during COVID, leading to missing data [3]. - Following the announcement of these results, Anika's stock price fell by $3.06 per share, or 27.42%, closing at $8.10 per share on July 30, 2025 [3]. Group 3: Legal Actions - Investors who suffered losses due to the stock price decline are encouraged to contact Bragar Eagel & Squire for discussions regarding their legal rights [1][4]. - The law firm is representing both individual and institutional investors in potential claims against Anika [5].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sable Offshore
GlobeNewswire News Room· 2025-08-12 13:48
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of violations of federal securities laws, particularly concerning misleading statements about the company's oil production activities [4][6]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the September 26, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Sable Offshore [4]. - The complaint alleges that Sable Offshore and its executives made false statements regarding the restart of oil production off the California coast, which were not true [6]. - Investors who suffered losses in Sable Offshore between May 19, 2025, and June 3, 2025, are encouraged to contact the firm to discuss their legal rights [1][4]. Group 2: Stock Performance and Market Reaction - Following a court injunction against Sable's pipeline repair activities, the company's stock fell by $5.04 per share, or 15.3%, closing at $27.89 on May 28, 2025 [7]. - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore [7]. Group 3: Firm Background and Contact Information - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in multiple states [5]. - The firm encourages anyone with information regarding Sable Offshore's conduct to contact them, including whistleblowers and former employees [9].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Hims & Hers Health
Prnewswire· 2025-08-08 13:50
Core Viewpoint - The complaint against Hims alleges violations of federal securities laws due to misleading statements and failure to disclose risks related to the sale of illegitimate drugs, leading to a significant drop in stock price following the termination of its partnership with Novo Nordisk [2][3]. Group 1: Allegations and Legal Actions - Hims is accused of engaging in deceptive promotion and selling of illegitimate versions of Wegovy®, which jeopardized patient safety [2]. - The termination of the partnership with Novo Nordisk was attributed to Hims' failure to comply with legal standards regarding drug sales and marketing practices [3]. - Following the announcement of the partnership termination, Hims' stock price plummeted by $22.24, or 34.6%, closing at $41.98 per share [3]. Group 2: Class Action Details - The lead plaintiff in the class action is the investor with the largest financial interest, who will oversee the litigation on behalf of the class [4]. - Any member of the putative class has the option to move the Court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [4]. Group 3: Call for Information - The law firm Faruqi & Faruqi encourages individuals with information regarding Hims' conduct, including whistleblowers and former employees, to come forward [5].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of iRobot Corporation
Prnewswire· 2025-08-08 13:45
Core Viewpoint - The complaint against iRobot alleges violations of federal securities laws, including misleading statements regarding the company's financial stability and ability to operate independently after the termination of the Amazon acquisition [2]. Financial Performance - iRobot reported a loss of $2.06 per share for Q4 2024, with revenue of $172 million, marking a 44% year-over-year decline [3]. - The company expressed significant uncertainty about the success of new product launches and its ability to continue as a going concern for at least 12 months from the issuance of its 2024 financial statements [3]. Stock Market Reaction - Following the financial results announcement, iRobot's stock price dropped by $3.255 per share, or 51.58%, closing at $3.055 per share on March 13, 2025 [3]. Legal Proceedings - A lead plaintiff has been appointed to oversee the litigation on behalf of the class of investors affected by the alleged misconduct [4]. - The law firm Faruqi & Faruqi encourages individuals with information regarding iRobot's conduct to come forward, including whistleblowers and former employees [5].
FLR Investors Have Opportunity to Join Fluor Corporation Fraud Investigation With the DJS Law Group
Prnewswire· 2025-08-07 08:46
Core Viewpoint - DJS Law Group is investigating Fluor Corporation for potential violations of securities laws following a significant decline in its stock price after disappointing financial results and a reduced full-year forecast [1][2]. Financial Performance - On August 1, 2025, Fluor announced its second-quarter financial results, which were below expectations, leading to a reduction in its full-year forecast [2]. - The company cited rising expenses due to subcontractor design flaws, cost escalations, and timeline setbacks as reasons for its underperformance [2]. - Following the announcement, Fluor's stock price dropped by over 30.5% during early trading on the same day [2]. Investor Impact - The investigation by DJS Law Group focuses on whether Fluor made false or misleading statements or omitted critical information that could affect investor decisions [2]. - The company had not disclosed the challenges it faced when it previously reaffirmed its full-year outlook, raising concerns about transparency [2]. Legal Context - DJS Law Group specializes in securities class actions and corporate governance litigation, indicating a strong focus on protecting investor interests [3]. - The firm represents large hedge funds and alternative asset managers, suggesting that the potential claims against Fluor could be significant [3].
NUTEX ALERT: Bragar Eagel & Squire, P.C. is Investigating Nutex Health Inc. on Behalf of Nutex Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-08-04 23:07
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Nutex Health Inc. for possible violations of federal securities laws and unlawful business practices following a short report by Blue Orca Capital that raised concerns about litigation risks associated with Nutex's relationship with a third-party vendor [1][2]. Group 1: Legal Investigation - Bragar Eagel & Squire, P.C. is encouraging Nutex stockholders who have suffered losses to contact them to discuss their legal rights [1][4]. - The investigation is focused on whether Nutex has engaged in unlawful business practices, particularly in light of allegations made in the Blue Orca report [1][2]. Group 2: Stock Performance - Following the release of the Blue Orca report, Nutex's stock price experienced a significant decline, falling by $11.18 per share, or 10.05%, closing at $100.01 on July 22, 2025 [3].
Kirby McInerney LLP Announces Investigation Against Anika Therapeutics, Inc. (ANIK) on Behalf of Investors
GlobeNewswire News Room· 2025-08-01 20:42
Core Insights - Anika Therapeutics is under investigation by Kirby McInerney LLP for potential violations of federal securities laws and unlawful business practices [1][3] Company Performance - On July 30, 2025, Anika announced topline results from its clinical trial of Hyalofast, which is a resorbable hyaluronic acid scaffold for cartilage repair [3] - The clinical trial showed consistent improvements in treated patients compared to microfracture, but did not meet its pre-specified co-primary endpoints due to a higher dropout rate and missed visits during COVID, leading to reduced evaluable sample size [3] - Following the announcement, Anika's share price fell by $3.06, approximately 27.42%, closing at $8.10 per share on the same day [3]