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WEST PHARMACEUTICALS ALERT: Bragar Eagel & Squire, P.C. Continues Investigation into West Pharmaceutical Services, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-10-08 19:27
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against West Pharmaceutical Services, Inc. due to allegations of fiduciary duty breaches by the board of directors during the class period from February 16, 2023, to February 12, 2025 [1][6]. Company Overview - West Pharmaceutical Services, Inc. is a medical supplies company based in Exton, Pennsylvania, serving as a key supplier to the pharmaceutical, biotechnology, and generic drug industries [6]. Allegations and Issues - The class action complaint alleges that West failed to disclose significant destocking issues in its high-margin High-Value Products portfolio, contrary to claims of strong visibility into customer demand [6]. - It is claimed that West's SmartDose device, intended as a high-margin growth product, was actually dilutive to profit margins due to operational inefficiencies [6]. - The complaint also highlights that margin pressures could lead to costly restructuring activities, including the exit from continuous glucose monitoring contracts with long-standing customers [6]. - Positive statements made by the company regarding its business and prospects were allegedly materially false or misleading [6]. Disclosure and Impact - The truth about the alleged fraud was revealed through a series of disclosures, culminating on February 13, 2025, when West issued weak revenue and earnings forecasts for 2025 [6]. - The disappointing guidance was attributed to contract manufacturing headwinds, including the loss of two major continuous glucose monitoring customers transitioning to in-house manufacturing [6]. - Following this news, West's stock experienced a significant decline, dropping $123.17 per share, or 38%, to close at $199.11 on February 13, 2025 [6].
FMC CORPORATION INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation into FMC Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-10-02 11:37
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against FMC Corporation due to a class action complaint alleging breaches of fiduciary duties by the board of directors during the specified Class Period [1] Summary by Sections Class Action Complaint - The class action complaint alleges that FMC Corporation made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the Class Period from November 16, 2023, to February 4, 2025 [2] - Specific allegations include: 1. The company's channel management initiatives were not progressing as represented 2. The company chose not to compete on prices due to pricing pressure, leading to missed sales opportunities 3. There was inflated inventory in channels across LATAM, Asia, Canada, and Eastern Europe 4. Positive statements made by the defendants regarding the company's business lacked a reasonable basis and were materially misleading [2] Next Steps for Shareholders - Long-term stockholders of FMC Corporation are encouraged to reach out for more information regarding the claims or any questions about their rights or interests [3] About the Law Firm - Bragar Eagel & Squire, P.C. is a law firm recognized nationally, representing investors in various complex litigations across state and federal courts [4] Contact Information - Shareholders can contact the firm via email or phone for inquiries related to the investigation [6]
FLUENCE INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Fluence Energy, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-09-27 12:24
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Fluence Energy, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specified class period [1][2] Summary by Sections Lawsuit Details - The lawsuit claims that during the class period, Fluence made false or misleading statements and failed to disclose critical information, including: 1. A decline in Fluence's relationship with major revenue sources, Siemens AG and The AES Corporation [2] 2. Accusations of engineering failures and fraud against Fluence by Siemens Energy [2] 3. Inflated margins and revenue growth as Siemens and AES were moving to divest [2] 4. Lack of a reasonable basis for positive statements regarding Fluence's battery energy storage business and financial prospects [2] Next Steps for Shareholders - Long-term stockholders of Fluence are encouraged to contact Bragar Eagel & Squire for more information regarding the claims and their rights [3] About the Law Firm - Bragar Eagel & Squire, P.C. is a recognized law firm representing investors in various complex litigations across state and federal courts [4]
James Hardie Industries (JHX) Drops 34% Amid Channel Inventory Destocking Disclosure -- Hagens Berman
Prnewswire· 2025-08-28 13:02
Core Viewpoint - James Hardie Industries plc experienced a significant share price drop of $9.79 (-34%) following the release of its Q1 2026 financial results, which highlighted issues in its North America business segment, the largest for the company [1]. Group 1: Financial Performance - The company reported a 12% year-over-year decline in sales volumes in North America, indicating a downturn in its largest market [4]. - The disappointing financial results and forward guidance were attributed to customers destocking their inventory during April and May 2025 [4]. Group 2: Legal and Investigative Actions - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether James Hardie misled investors regarding the sustainability of its business model and sales practices in North America [2][4]. - The investigation is particularly focused on the company's assurances made in May 2025 about its brand strength and growth potential, which were called into question after the poor Q1 results [4][5]. Group 3: Company Overview - James Hardie Industries plc specializes in fiber cement and fiber gypsum building solutions, with its North America segment manufacturing various construction products for the U.S. and Canadian markets [3].
CS DISCO ALERT: Bragar Eagel & Squire, P.C. is Investigating CS Disco, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-08-15 00:46
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against CS Disco, Inc. due to allegations of fiduciary duty breaches by the board of directors during a specified class period [1][2]. Group 1: Allegations and Financial Impact - The class action complaint alleges that CS Disco misrepresented its revenue growth and failed to disclose significant headwinds affecting its business during the class period from July 21, 2021, to August 11, 2022 [2]. - On August 11, 2022, CS Disco reported financial results that revealed a drastic tapering of revenue growth, leading to a 53% drop in common shares on August 12, 2022, due to heavy trading volume [2]. Group 2: Legal Rights and Contact Information - Long-term stockholders of CS Disco are encouraged to contact Bragar Eagel & Squire for discussions regarding their legal rights and potential claims related to the allegations [1][3]. - The law firm offers no-cost consultations for affected investors to explore their options [3].
SOUNDHOUND ALERT: Bragar Eagel & Squire, P.C. is Investigating SoundHound AI, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-10 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against SoundHound AI, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specified class period [1] Summary by Relevant Sections Class Action Complaint - The complaint alleges that during the class period, SoundHound failed to disclose material weaknesses in its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2] - It is claimed that SoundHound overstated its remediation efforts regarding these internal control weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2] - The complaint also indicates that SoundHound would require additional time and resources to account for the SYNQ3 and Amelia Acquisitions, increasing the risk of delayed financial report filings with the SEC [2] SEC Filing and Stock Impact - On March 4, 2025, SoundHound announced it would be unable to timely file its Annual Report for 2024, citing complexities in accounting for the SYNQ3 and Amelia Acquisitions and identified material weaknesses in internal controls [3] - Following this announcement, SoundHound's stock price fell by $0.61 per share, or 5.86%, closing at $9.72 per share [3]
EDISON ALERT: Bragar Eagel & Squire, P.C. is Investigating Edison International on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-05-17 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Edison International due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1] Group 1: Allegations and Claims - The class action complaint alleges that Edison made false and misleading statements regarding its Public Safety Power Shutoffs program, claiming it was used to mitigate wildfire risks, which was found to be false [2] - The complaint states that the misleading claims resulted in increased fire risk in California and heightened legal exposure for Edison [2] - As a result of these misleading statements, the lawsuit claims that investors suffered damages when the true information became public [2] Group 2: Legal Representation - Bragar Eagel & Squire, P.C. is representing long-term stockholders of Edison and is seeking information related to the claims [3] - The firm emphasizes that there is no cost or obligation for stockholders to inquire about their rights or interests regarding these matters [3] Group 3: Firm Background - Bragar Eagel & Squire, P.C. is a nationally recognized law firm with expertise in representing individual and institutional investors in complex litigation [4] - The firm operates in both New York and California, handling cases in state and federal courts across the country [4]
FLUENCE ALERT: Bragar Eagel & Squire, P.C. is Investigating Fluence Energy, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-05-14 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Fluence Energy, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specified class period [1] Group 1: Lawsuit Details - The lawsuit claims that during the class period, Fluence made false or misleading statements and failed to disclose critical information regarding its relationships with major revenue sources, Siemens AG and The AES Corporation [2] - Specific allegations include accusations from Siemens Energy regarding engineering failures and fraud, as well as inflated margins and revenue growth due to impending divestitures by Siemens and AES [2] - The lawsuit asserts that the defendants lacked a reasonable basis for their positive statements about Fluence's battery energy storage business and financial prospects, leading to investor damages when the truth emerged [2] Group 2: Contact Information - Long-term stockholders of Fluence are encouraged to reach out for more information regarding the claims or their rights, with contact details provided for Brandon Walker and Marion Passmore [3]