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CARVANA INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigating Carvana Co. on Behalf of Carvana Stockholders and Urges Investors to Contact the Firm
Globenewswire· 2026-02-12 20:10
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Carvana Co. regarding violations of federal securities laws and unlawful business practices [1][2]. Investigation Details - A report by Gotham City Research on January 28, 2025, alleged that Carvana's reported profitability is based on undisclosed related-party transactions with DriveTime and Bridgecrest. It claims that DriveTime incurred over $1 billion in cash losses while leveraging 20x to 40x EBITDA to support Carvana's earnings, and that Bridgecrest marked down billions in loans as Carvana recognized gains on loan sales [2]. - Following the report, Carvana's share price dropped by $67.68, or approximately 14.2%, from $477.72 on January 27, 2026, to close at $410.04 on January 28, 2026 [2]. Next Steps - Investors who purchased or acquired Carvana shares and suffered losses are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and potential claims [3]. About Bragar Eagel & Squire, P.C. - Bragar Eagel & Squire, P.C. is a nationally recognized law firm with a focus on representing individual and institutional investors in various types of litigation, including securities and consumer protection [4].
FORTREA DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors in Fortrea Holdings (FTRE) of The August 1st Deadline and Urges Investors to Contact The Firm
GlobeNewswire News Room· 2025-07-24 23:21
Core Viewpoint - A class action lawsuit has been filed against Fortrea Holdings Inc. for allegedly misleading investors regarding its financial performance and projections following its spin-off from Labcorp Holdings Inc. [1][3][5] Company Overview - Fortrea was spun off from Labcorp in June 2023 as a standalone publicly traded company [3] - The company entered into transition services agreements with Labcorp for various administrative and operational support [3] Financial Performance - On March 3, 2025, Fortrea disclosed that its revenue and adjusted EBITDA targets for 2025 were not aligned with prior expectations, leading to a significant stock price drop of 25.05%, closing at $10.38 per share [4] - The company indicated that its Pre-Spin projects were underperforming, contributing less revenue and profitability than anticipated for 2025 [4] Allegations in the Lawsuit - The complaint alleges that Fortrea overestimated revenue contributions from Pre-Spin projects and overstated cost savings from exiting transition services agreements [5] - It is claimed that the company's previously announced EBITDA targets for 2025 were inflated, misrepresenting the viability of its post-Spin-Off business model [5]