Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Spirit (FLYY) To Contact Him Directly To Discuss Their Options If you purchased or acquired stock in Spirit and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential cla ...

Core Viewpoint - A class action lawsuit has been filed against Sable Offshore Corporation (SOC) for allegedly misleading investors regarding the restart of oil production, leading to significant stock price declines during the class period from May 19, 2025, to June 3, 2025 [1][3][4]. Group 1: Lawsuit Details - The lawsuit was initiated on behalf of all individuals and entities that purchased Sable securities during the specified class period [1]. - Sable Offshore conducted a secondary public offering (SPO) on May 21, 2025, issuing 10 million shares at $29.50 per share, raising $295 million [3]. - Allegations include that Sable misrepresented its operational status, claiming it had restarted oil production when it had not [3][4]. Group 2: Regulatory Concerns - A letter from California's Lieutenant Governor on May 23, 2025, indicated that Sable's press release mischaracterized its activities, causing public confusion and implying a resumption of operations that had not occurred [4]. - The letter was not made public until May 28, 2025, and following this revelation, Sable's stock price fell by over 15% [4]. Group 3: Legal Developments - On June 4, 2025, Sable disclosed that a court had granted temporary restraining orders preventing the company from restarting oil transportation through the Las Flores Pipeline System, further impacting stock prices [5].

Core Viewpoint - A class action lawsuit has been filed against Neogen Corporation for allegedly misrepresenting the status of its integration with 3M and failing to disclose the negative impacts on its financial health during the Class Period from January 5, 2023, to June 3, 2025 [1][3]. Financial Performance and Impact - Neogen reported a significant GAAP net income loss in Q2 2025, including a $461 million non-cash goodwill impairment charge related to the 3M acquisition, leading to a 5% decline in stock price to $12.36 per share [4]. - In Q1 2025, Neogen's revenue fell by 3.4% to $221 million due to integration issues, resulting in a 28% drop in stock price to $5.02 per share after cutting FY25 guidance and announcing CEO Adent's resignation [5]. - On June 4, 2025, Neogen projected an EBITDA margin in the high teens, a significant decrease from the previous quarter's 22%, causing an additional 17% drop in stock price to $4.96 per share [6]. Legal Proceedings - Investors who acquired Neogen shares during the Class Period are encouraged to contact Bragar Eagel & Squire, P.C. to discuss their legal rights and options [1][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is September 16, 2025 [1]. Company Background - Neogen Corporation is publicly traded on NASDAQ under the ticker NEOG and has faced scrutiny regarding its financial disclosures and integration processes with 3M [1][3].

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 Holdings was spun off from Labcorp Holdings in June 2023 and operates as a standalone publicly traded company [3]. - The company entered into transition services agreements with Labcorp, which include various administrative and IT support services [3]. Financial Performance - On March 3, 2025, Fortrea announced that its revenue and adjusted EBITDA targets for 2025 were not meeting 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, with 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 potential 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 business model [5].

Core Viewpoint - A class action lawsuit has been filed against Organon & Co. for allegedly providing misleading statements to investors while concealing material adverse facts regarding the company's capital allocation priorities, particularly concerning its dividend policy [2][4]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of all individuals and entities who purchased Organon securities between November 3, 2022, and April 30, 2025, with a deadline of July 22, 2025, for investors to apply as lead plaintiffs [2]. - The complaint alleges that the defendants made overwhelmingly positive statements while concealing the high priority of debt reduction following the acquisition of Dermavant, which led to a 70% decrease in the regular quarterly dividend [4]. Group 2: Stock Price Impact - Following the announcement of the lawsuit and the revelations regarding the dividend cut, Organon's stock price plummeted from $12.93 per share on April 30, 2025, to $9.45 per share on May 1, 2025, marking a decline of over 27% in just one day [5]. Group 3: Investor Outreach - Investors who suffered losses and wish to discuss their legal rights are encouraged to contact the law firm Bragar Eagel & Squire, P.C. for more information [6].

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against TechTarget, Inc. for possible violations of federal securities laws and unlawful business practices affecting stockholders [1][3][4]. Financial Disclosures - On December 6, 2024, TechTarget announced that its previous financial statements were unreliable and would be restated due to identified errors, leading to a share price drop from $25.54 to $23.48, a decline of $2.09 per share [3]. - On March 31, 2025, TechTarget disclosed it would not file its 2024 Annual Report on time, citing the need for further evaluation of technical accounting matters related to its acquisition of Informa Tech Digital Businesses. The company anticipated a pre-tax non-cash goodwill impairment charge between $70 million and $110 million for the 2024 fiscal year, resulting in a share price decline from $14.81 to $12.76, a drop of $2.05 per share [4]. Legal Rights and Contact Information - Investors who purchased TechTarget shares and suffered losses are encouraged to contact Bragar Eagel & Squire for discussions regarding their legal rights and potential claims [1][5]. - The law firm provides contact options including phone and email for inquiries without any cost or obligation [5][8].

Core Viewpoint - A class action lawsuit has been filed against XPLR Infrastructure, alleging that the company made misleading statements regarding its operations and financial health during the class period from September 27, 2023, to January 27, 2025 [1][3]. Group 1: Allegations of Misleading Statements - The lawsuit claims that XPLR Infrastructure was struggling to maintain its operations as a yieldco and that the defendants downplayed the risks associated with certain financing arrangements [3]. - It is alleged that XPLR Infrastructure could not resolve its financing issues before their maturity date without risking significant dilution for unitholders [3]. - The lawsuit further states that the company planned to halt cash distributions to investors to redirect funds towards resolving financing issues, indicating that its yieldco business model and distribution growth rate were unsustainable [3]. Group 2: Impact of Announcements - On January 28, 2025, XPLR Infrastructure announced the suspension of cash distributions to common unitholders and the abandonment of its yieldco model, leading to a nearly 35% drop in the price of its common units [4].

Core Viewpoint - The Concerned Stockholders of Ionic Digital Inc. are advocating for change in the company's board of directors following a Delaware Court ruling that found the current board breached its fiduciary duties, leading to a new nomination of two candidates for the upcoming election [1][2][3]. Group 1: Court Ruling and Board Nomination - The Delaware Court of Chancery ruled that the Ionic board breached its fiduciary duty by reducing the board size to entrench itself during a proxy contest [2]. - The Concerned Stockholders have re-nominated Mike Abbate and Oliver Wiener for two Class I Board seats at the 2025 annual meeting scheduled for July 2, 2025 [3]. Group 2: Misleading Claims and Stockholder Rights - The Concerned Stockholders aim to correct misleading statements made by the current board, emphasizing the need for transparency and accountability [4][5]. - The current board's claims of conflicting interests with stockholders are refuted, asserting that the primary goal is to create stockholder value and generate liquidity [5]. Group 3: Candidate Qualifications - Mike Abbate and Oliver Wiener are presented as highly qualified candidates with extensive backgrounds in capital markets, corporate finance, and the cryptocurrency sector [3][11][12]. - Oliver Wiener has over two decades of experience in investment banking and has founded a private equity firm, bringing significant expertise compared to the incumbent board [8][12]. Group 4: Financial Transparency Issues - The current board has been criticized for failing to provide standard financial disclosures and has not released any data regarding costs and expenses over its existence [9]. - The Concerned Stockholders highlight the lack of transparency regarding payments to investment banks engaged by the company, raising concerns about financial management [9]. Group 5: Call to Action - Stockholders are urged to reject the current board's proxy card and support the election of Abbate and Wiener to restore transparency, accountability, and liquidity to Ionic [10].

Core Viewpoint - Hallador Energy Company is under investigation for potential violations of federal securities laws and unlawful business practices following the termination of an exclusivity agreement with a datacenter developer, which led to a significant drop in its stock price [1][2]. Company Developments - On May 23, 2025, Hallador announced the termination of its exclusivity agreement with a datacenter developer regarding a potential power supply deal, which has raised concerns among investors [2]. - Following the announcement, Hallador's stock price decreased by $1.38 per share, representing a 7.33% decline, closing at $17.45 per share [2]. Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Hallador stockholders who may have suffered losses due to the company's actions [1][3]. - The law firm is seeking information from long-term stockholders and those who have acquired Hallador shares regarding their rights and interests in this matter [3].

Core Viewpoint - EchoStar Corporation is under investigation by the Federal Communications Commission (FCC) for potential non-compliance with federal requirements related to building a nationwide 5G network, which has led to a significant drop in its stock price [2]. Group 1: Investigation and Legal Actions - Bragar Eagel & Squire, P.C. is investigating potential claims against EchoStar on behalf of its stockholders regarding possible violations of federal securities laws and other unlawful business practices [1]. - The FCC's notification of the investigation has resulted in EchoStar's stock price falling by $4.01, or 16.6%, closing at $20.18 per share on May 12, 2025, indicating investor injury [2]. Group 2: Investor Communication - The law firm is reaching out to EchoStar stockholders who may have suffered losses, encouraging them to contact the firm for more information regarding their rights and potential claims [3].