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KLAR INVESTOR ALERT: Klarna Group plc Investors with Substantial Losses Have Opportunity to Lead the Klarna Class Action Lawsuit
Prnewswire· 2025-12-23 20:57
Core Viewpoint - Klarna Group plc is facing a class action lawsuit related to its September 10, 2025 IPO, alleging violations of the Securities Act of 1933 due to misleading offering documents and understated risks associated with its loss reserves [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Nayak v. Klarna Group plc and was filed in the Eastern District of New York [1]. - Investors who purchased Klarna securities during the IPO have until February 20, 2026, to seek appointment as lead plaintiff [1]. - The lawsuit claims that Klarna's IPO documents were materially false and omitted critical information regarding the company's financial risks [3]. Group 2: Financial Performance and Allegations - Klarna's IPO involved the issuance of approximately 34 million shares at an offering price of $40.00 per share [2]. - Following the IPO, Klarna reported a net loss of $95 million and increased provisions for loan losses to $235 million, exceeding analyst estimates of $215.8 million [4]. - Provisions for loan losses represented 0.72% of gross merchandise volume, an increase from 0.44% the previous year [4]. - By the time the class action lawsuit commenced, Klarna's stock price had fallen to as low as $31.31 per share, significantly below the IPO price [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows investors to seek lead plaintiff status if they have the greatest financial interest in the case [5]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [6].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Stride, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - LRN
Newsfile· 2025-11-20 21:29
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of securities of Stride, Inc. for the period between October 22, 2024, and October 28, 2025, due to alleged misleading statements and omissions regarding the company's products and services [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Stride made misleading statements about its products and services aimed at educational institutions, while inflating enrollment numbers and cutting staff costs beyond statutory limits [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 January 12, 2026, to represent the class in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
TROX LAWSUIT ALERT: The Gross Law Firm Notifies Tronox Holdings plc Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-09-29 12:45
Core Viewpoint - Tronox Holdings plc is facing a class action lawsuit due to allegations of providing misleading statements about its financial health and sales forecasts, leading to a significant drop in stock price following disappointing financial results [1][2]. Summary by Sections Allegations and Financial Impact - The lawsuit claims that Tronox made overly positive statements while concealing adverse facts about its ability to forecast demand for its products, particularly TiO2 and zircon [1]. - Following the announcement of a significant reduction in TiO2 sales for Q2 2025, attributed to a weaker coatings season and increased competition, Tronox lowered its full-year revenue guidance and cut its dividend by 60% [1]. - The stock price plummeted from $5.14 per share on July 30, 2025, to $3.19 per share on July 31, 2025, marking a decline of approximately 38% in just one day [1]. Class Action Details - Shareholders who purchased shares during the class period from February 12, 2025, to July 30, 2025, are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for November 3, 2025 [2]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Law Firm's Commitment - The Gross Law Firm, which is handling the case, emphasizes its mission to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Tronox Holdings plc Investors to Secure Counsel Before Important Deadline in Securities Fraud Lawsuit – TROX
Globenewswire· 2025-09-22 01:34
Group 1 - The Rosen Law Firm is reminding purchasers of Tronox Holdings plc common stock from February 12, 2025, to July 30, 2025, about the lead plaintiff deadline on November 3, 2025 [1][2][3] - Investors who purchased Tronox common stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][5] - A class action lawsuit has already been filed against Tronox, alleging that the company provided misleading statements about its commercial division and failed to accurately forecast demand for its products, leading to investor damages [5][6] Group 2 - The 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 recovering significant amounts for investors [4][5] - The firm has been recognized for its performance in securities class action settlements, including a record settlement against a Chinese company and being ranked highly in the industry for multiple years [4][5] - Investors are informed that no class has been certified yet, and they have the option to select their counsel or remain absent from the class [7]
Shareholders of Fly-E Group, Inc. Should Contact Levi & Korsinsky Before November 10, 2025 to Discuss Your Rights – FLYE
Globenewswire· 2025-09-19 20:41
Core Viewpoint - Fly-E Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between July 15, 2025, and August 14, 2025 [1][2] Company Performance - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts regarding the safety of its lithium batteries, which affected E-vehicle sales revenue [2] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2] - Following the revenue report, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share on August 15, 2025, marking an approximate 87% decline in a single day [2] Legal Proceedings - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]