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CS Disco, Inc. Investors: Company Investigated by the Portnoy Law Firm
GlobeNewswire News Room· 2025-08-15 21:04
Core Viewpoint - The Portnoy Law Firm is investigating potential securities fraud claims against CS Disco, Inc. and may file a class action on behalf of investors who suffered losses [1][3]. Group 1: Investigation Details - The investigation is initiated following a class action complaint filed on September 19, 2023, covering the period from July 21, 2021, to August 11, 2022 [3]. - The investigation focuses on whether the board of directors of CS Disco breached their fiduciary duties to the company [3]. Group 2: Allegations of Misrepresentation - The complaint alleges that CS Disco highlighted strong revenue growth from its cloud-based electronic discovery platform but failed to disclose significant headwinds that could impact growth [4]. - It is claimed that the company acknowledged its rapid revenue growth was "usage driven" and potentially volatile, yet did not inform investors of any risks [4]. Group 3: Impact of Financial Results - The truth began to emerge on August 11, 2022, when CS Disco reported second-quarter 2022 financial results that fell short of expectations, revealing a significant slowdown in revenue growth [5]. - Following this news, CS Disco's stock price dropped approximately 53% on August 12, 2022, on heavy trading volume [5].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tesla, Inc. - TSLA
Prnewswire· 2025-06-27 19:46
Core Viewpoint - Tesla is under investigation for potential securities fraud and unlawful business practices following the launch of its robotaxi service and subsequent reports of erratic driving behavior by the vehicles [1][2]. Group 1: Investigation and Legal Context - Pomerantz LLP is investigating claims on behalf of Tesla investors regarding possible securities fraud or unlawful business practices by the company and its officers [1]. - The investigation was prompted by the U.S. National Highway Traffic Safety Administration contacting Tesla after reports of robotaxis driving erratically and violating traffic laws [2]. Group 2: Impact on Stock and Investor Sentiment - Following the news of the NHTSA investigation, Tesla's stock price experienced a significant decline, negatively affecting investors [2].
Investors who lost money on Strategy Incorporated(MSTR) should contact Levi & Korsinsky about pending Class Action - MSTR
Prnewswire· 2025-06-06 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Strategy Incorporated, alleging securities fraud that affected investors between April 30, 2024, and April 4, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements regarding the profitability of the Company's bitcoin-focused investment strategy and treasury operations, overstating anticipated profitability [2]. - It is alleged that the risks associated with bitcoin's volatility and potential losses from digital assets were understated, leading to materially false and misleading public statements [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until July 15, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal 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 as one of the top securities litigation firms in the United States for seven consecutive years [4].
Investors in Zynex, Inc. Should Contact Levi & Korsinsky Before May 19, 2025 to Discuss Your Rights – ZYXI
GlobeNewswire News Room· 2025-05-16 17:18
Core Viewpoint - A class action securities lawsuit has been filed against Zynex, Inc. alleging securities fraud that affected investors between March 13, 2023, and March 11, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Zynex shipped products, including electrodes, in excess of need, leading to inflated revenue [2]. - It is alleged that the company's practice of filing false claims attracted scrutiny from insurers, including the U.S. military health insurance program, Tricare [2]. - The lawsuit suggests that Zynex is likely to face adverse consequences, such as removal from insurer networks and penalties from the federal government [2]. - Defendants' positive statements regarding the company's business, operations, and prospects are claimed to be materially misleading and lacking a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Zynex, Inc. during the relevant time frame have until May 19, 2025, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Parsons Corporation. - PSN
Prnewswire· 2025-03-03 18:45
Core Viewpoint - Parsons Corporation is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q4 2024, which led to a significant drop in stock price [1][2]. Financial Performance - On February 19, 2025, Parsons reported Q4 2024 financial results that fell short of prior guidance for both revenue and EBITDA [2]. - The adjusted EBITDA growth for the quarter was negatively impacted by $29 million due to adjustments on two programs [2]. - Following the announcement, Parsons' stock price decreased by $8.42 per share, or 11.46%, closing at $65.08 per share [2]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of investors regarding potential securities fraud or other unlawful business practices by Parsons and its officers and/or directors [1]. - The firm is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of fighting for victims of securities fraud [3].