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Lowey Dannenberg Notifies Perrigo Company plc (“Perrigo” or the “Company”) (NYSE: PRGO) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $150,000 in Losses to Contact the Firm
Globenewswire· 2025-11-24 17:04
Core Viewpoint - A class action lawsuit has been filed against Perrigo Company plc for violations of federal securities laws, alleging misleading statements and undisclosed issues related to its infant formula business [1][2]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased Perrigo securities between February 27, 2023, and November 4, 2025 [1]. - The complaint alleges that Perrigo and certain officers made false statements and failed to disclose significant operational issues in the infant formula business acquired from Nestlé [2]. Allegations Against Perrigo - Key allegations include: 1. Significant underinvestment in maintenance and operational improvements in the infant formula business [2]. 2. The need for substantial capital and operational expenditures beyond stated cost estimates to remediate the business [2]. 3. Manufacturing deficiencies in the infant formula facility [2]. 4. Overstated financial results, including earnings and cash flow, due to the aforementioned issues [2]. 5. Misleading positive statements regarding the Company's business and prospects [2]. Impact on Investors - Following the revelation of these issues, Perrigo's stock experienced a significant decline, resulting in financial losses for investors [3]. - Investors who suffered losses exceeding $150,000 are encouraged to participate in the lawsuit [3].
NUTX Deadline: NUTX Investors Have Opportunity to Lead Nutex Health Inc. Securities Fraud Lawsuit
Prnewswire· 2025-10-03 21:06
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Nutex Health Inc. securities between August 8, 2024, and August 14, 2025, about the October 21, 2025, lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Nutex securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by October 21, 2025 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against Nutex - The lawsuit alleges that Nutex made false and misleading statements, including claims about its financial reporting and internal controls [4]. - Specific allegations include that Nutex's revenues from a third-party vendor, HaloMD, were unsustainable due to fraudulent activities [4]. - The lawsuit claims that Nutex overstated its ability to remediate weaknesses in its financial reporting, leading to improper accounting of stock-based compensation obligations [4].
Faruqi & Faruqi Reminds Tronox Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 3, 2025 - TROX
Prnewswire· 2025-09-18 22:27
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Tronox Holdings plc due to significant financial losses and misleading statements made by the company regarding its performance and outlook [2][3]. Group 1: Financial Performance - Tronox announced a significant reduction in TiO2 sales for Q2 2025, attributing the decline to a softer coatings season and increased competition [4]. - Following the announcement, Tronox revised its 2025 financial outlook, lowering full-year revenue guidance and reducing its dividend by 60% [4]. - The company's stock price fell dramatically 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 one day [5]. Group 2: Legal Actions - A federal securities class action has been filed against Tronox, with a deadline of November 3, 2025, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that Tronox provided overly positive statements while concealing material adverse facts about its commercial division and forecasting processes [3]. - Faruqi & Faruqi encourages anyone with information regarding Tronox's conduct to contact the firm, including whistleblowers and former employees [6].
SJM SECURITIES NOTICE: Did J.M. Smucker Co. Mislead Investors?
Globenewswire· 2025-09-12 12:18
Core Viewpoint - J.M. Smucker Company is under investigation for potential violations of federal securities laws following significant impairment charges related to its Sweet Baked Snacks segment and the Hostess brand trademark, which have led to a notable decline in stock price [1][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company characterized the Hostess acquisition as "highly complementary," suggesting positive underlying trends in the snacking category [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge for the Hostess brand trademark due to ongoing underperformance [3]. - Following the announcement of these impairment charges, J.M. Smucker's stock price dropped by $17.44 per share, or over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3].
BRBR LEGAL ALERT: Lose Money on Your BellRing Brands, Inc. Investment? Contact BFA Law about its Investigation (NYSE:BRBR)
GlobeNewswire News Room· 2025-08-03 11:07
Core Viewpoint - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, with concerns regarding the sustainability of its sales growth driven by temporary trade inventory loading rather than genuine consumer demand [1][2]. Group 1: Company Overview - BellRing operates in the convenient nutrition category, primarily known for its brands Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders [2]. - The company reported that Premier Protein achieved an all-time high in household penetration and claimed strong demand across all channels, attributed to distribution expansion and promotional activities [2]. Group 2: Sales Growth and Market Reaction - The sales growth during the relevant period may not be sustainable, as it could have been influenced by temporary inventory loading at key retailers [2]. - On May 5, 2025, BellRing disclosed that several key retailers reduced their weeks of supply, which would negatively impact growth in Q3 2025. The company also announced plans to expand promotions to counteract these reductions [3]. - Following this announcement, BellRing's stock price dropped by $13.96, or over 18%, from $77.34 to $63.38 per share [3].
BRBR INVESTOR REMINDER: BellRing Brands, Inc. Stock Drop Leads to Investigation – Investors with Losses Urged to Contact BFA Law (NYSE:BRBR)
GlobeNewswire News Room· 2025-08-01 12:38
Core Viewpoint - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, with concerns regarding the sustainability of its sales growth driven by temporary trade inventory loading rather than genuine consumer demand [1][2]. Group 1: Company Overview - BellRing operates in the convenient nutrition category, primarily known for its brands Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders [2]. - The company reported that Premier Protein achieved an all-time high in household penetration and claimed strong demand across all channels, attributed to distribution expansion and promotional activities [2]. Group 2: Sales Growth and Market Reaction - The sales growth during the relevant period may not be sustainable, as it could have been influenced by temporary inventory loading at key retailers [2]. - On May 5, 2025, BellRing disclosed that several key retailers reduced their weeks of supply, which would negatively impact growth in Q3 2025. This announcement led to a significant stock price decline of $13.96 per share, or over 18%, dropping from $77.34 to $63.38 on May 6, 2025 [3].
RBC Capital Further Trims Zynex (ZYXI) Target, Investor Lawsuit Looms – Hagens Berman
GlobeNewswire News Room· 2025-04-16 21:32
Core Viewpoint - Zynex, Inc. is facing significant financial, regulatory, and legal challenges, including a class action lawsuit and a downgrade in stock outlook by RBC Capital Markets, which has reduced its price target to $5 per share from an initial $11, reflecting a 55% decrease in valuation outlook [1][2][3]. Financial Performance - The company reported a disappointing fourth-quarter 2024 earnings report with a year-over-year revenue decline of approximately 2%, totaling $46.0 million, and a net loss of $0.02 per share compared to a profit of $0.04 per share in the same period the previous year [3][5]. - RBC Capital Markets has downgraded Zynex's rating to "Sector Perform" from "Outperform," citing a lack of clarity regarding the company's operational and commercial prospects following the recent financial disclosures [4]. Legal and Regulatory Issues - Zynex is facing a securities class action lawsuit alleging that the company engaged in an "oversupplying" scheme, which purportedly inflated revenue figures and drew scrutiny from insurers, including Tricare [7][8]. - The lawsuit claims that Zynex failed to disclose the potential adverse consequences of its practices, which could lead to network exclusions and government penalties [7]. - The temporary suspension of payments from Tricare, Zynex's largest customer, is a significant factor affecting the company's financial stability, as the insurer reviews past claims [5][6]. Investor Sentiment - The recent developments, including the lowered outlook and specifics of the class action, have raised serious concerns among investors regarding Zynex's disclosures and overall accountability [11].