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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Celestica Inc. - CLS
Globenewswire· 2026-02-03 18:19
Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Celestica Inc. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] - On January 22, 2026, news from Digitimes indicated that Alphabet Inc.'s Google may shift assembly work for its tensor processing units to other suppliers, which could reduce Celestica's role in assembling Google's AI servers [3] - Following the news about Google's potential shift, Celestica's stock price dropped by $18.83 per share, or 6.08%, closing at $290.92 per share on January 22, 2026 [3]
Northrim BanCorp Inc (NASDAQ: NRIM) Insider Purchase and Investigation Overview
Financial Modeling Prep· 2026-01-30 23:13
Core Viewpoint - Northrim BanCorp Inc is facing challenges due to an ongoing investigation for potential securities fraud, which has impacted its stock performance and investor confidence [3][5]. Company Overview - Northrim BanCorp Inc operates primarily in Alaska, providing a variety of banking services including loans, deposits, and investment services [1]. Insider Activity - On January 30, 2026, the CFO, Ballard Jed W, purchased 650 shares at $23.20 each, increasing his total holdings to 19,162 shares, which may indicate confidence in the company's future prospects [2][6]. Financial Performance - The company's recent quarterly earnings report showed earnings of $0.54 per share, which fell short of analyst expectations, leading to a significant stock price drop of $4.44, or 14.95%, closing at $25.25 on January 23, 2026 [3]. Stock Performance - Despite the recent decline, Northrim's stock has shown some recovery, currently priced at $23.66, reflecting an increase of 3.41% or $0.78, with fluctuations between $22.80 and $23.71 during the trading day [4][6]. - Over the past year, the stock has experienced volatility, with a high of $30.82 and a low of $16.18 [4]. Market Capitalization - Northrim's market capitalization is approximately $522.67 million, with a trading volume of 104,090 shares on the NASDAQ exchange [5].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Celestica Inc. - CLS
Globenewswire· 2026-01-27 17:43
Core Viewpoint - Celestica Inc. is under investigation for potential securities fraud or unlawful business practices following a significant drop in its stock price due to news regarding a shift in assembly work for Google's AI servers [1][3]. Group 1: Investigation Details - Pomerantz LLP is investigating claims on behalf of investors of Celestica, focusing on whether the company and its officers/directors engaged in securities fraud or other unlawful practices [1]. - Investors are encouraged to contact Pomerantz LLP for more information regarding the investigation [1]. Group 2: Stock Performance - On January 22, 2026, news from Digitimes indicated that Google may shift assembly work for its tensor processing units to other suppliers, which could reduce Celestica's role in assembling Google's AI servers [3]. - Following this news, Celestica's stock price fell by $18.83 per share, representing a decline of 6.08%, closing at $290.92 per share [3].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of February 20, 2026 in Klarna Group plc Lawsuit – KLAR
Globenewswire· 2026-01-23 00:00
Core Viewpoint - A class action securities lawsuit has been filed against Klarna Group plc, alleging securities fraud related to its initial public offering (IPO) on September 10, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased Klarna securities in connection with the IPO [2]. - The complaint alleges that defendants materially understated the risk of increased loss reserves shortly after the IPO, which they either knew or should have known, given the risk profile of individuals taking Klarna's buy now, pay later loans [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Klarna Group plc have until February 20, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of XOMA Royalty Corporation - XOMA
Globenewswire· 2026-01-13 21:34
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving XOMA Royalty Corporation and its officers or directors [1] Group 1: Company Overview - XOMA Royalty Corporation is listed on NASDAQ under the ticker symbol XOMA [1] - The company is involved in a partnership with Rezolute, Inc. for the development of medical treatments [3] Group 2: Recent Developments - Rezolute, Inc. announced that its Phase 3 sunRIZE study evaluating ersodetug for congenital hyperinsulinism did not meet its primary endpoint, showing only a 45% reduction in hypoglycemia events at the highest dose, which was not statistically significant compared to a 40% improvement in the placebo group [3] - The study also failed to meet its key secondary endpoint, with a 25% reduction in time spent in hypoglycemia at the 10 mg/kg dose, again not statistically significant compared to a 5% increase in the placebo group [3] - Following this announcement, XOMA's stock price dropped by $7.82 per share, or 22.76%, closing at $25.39 per share on December 19, 2025 [3]
KMX FRIDAY DEADLINE: CarMax, Inc. Hit with Securities Class Action after 24% Stock Drop – Contact BFA Law if You Lost Money
Globenewswire· 2025-12-31 13:46
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][3]. Company Overview - CarMax, Inc. is a retailer specializing in used cars, which has recently faced legal challenges due to allegations of misleading investors regarding demand for its vehicles [4]. Financial Performance - In the second quarter of fiscal year 2026, CarMax reported disappointing financial results, including a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [6]. - The company's net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. Stock Performance - Following the announcement of disappointing financial results on September 25, 2025, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [7]. - An unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary outlook for Q3 2025, led to an additional stock price drop of over 24% [7]. Legal Proceedings - Investors have until January 2, 2026, to request to be appointed to lead the class action case, which is currently pending in the U.S. District Court for the District of Maryland [3]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in CarMax securities [3].
Bronstein, Gewirtz & Grossman LLC Urges Klarna Group plc Investors to Act: Class Action Filed Alleging Investor Harm
Globenewswire· 2025-12-23 22:19
Core Viewpoint - A class action lawsuit has been filed against Klarna Group plc and certain officers for alleged violations of federal securities laws related to its September 10, 2025 IPO [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Klarna securities under the registration statement and prospectus from the IPO [2]. - The Complaint alleges that the Registration Statement contained false and misleading statements, particularly regarding the risk of loss reserves increasing shortly after the IPO [3]. - It is claimed that the defendants either knew or should have known about the risk profile of individuals taking Klarna's buy now, pay later loans, which was not adequately disclosed [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Klarna have until February 20, 2026, to request to be appointed as lead plaintiff in the class action [4]. - Participation in any recovery does not require serving as lead plaintiff [4]. Group 3: Legal Representation - Bronstein, Gewirtz & Grossman LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5]. - The firm has a history of recovering hundreds of millions of dollars for investors in securities fraud class actions [6].
BYND STOCK NOTICE: Beyond Meat, Inc. Faces Securities Fraud Investigation after 23% Stock Drop – Investors with Losses Urged to Contact BFA Law
Globenewswire· 2025-12-17 14:07
Core Viewpoint - Beyond Meat, Inc. is under investigation for potential violations of federal securities laws, particularly concerning the inflation of the value of certain long-lived assets [1][3]. Group 1: Company Operations and Financials - In late 2023, Beyond Meat conducted a global operations review and depreciated certain long-lived assets, stating these were recorded at the lower of carrying value or fair value less costs to sell, with no impairments reported [2]. - On October 24, 2025, Beyond Meat announced an expected non-cash impairment charge for the three months ended September 27, 2025, related to certain long-lived assets, which was anticipated to be material [4]. - The company reported a loss from operations of $112.3 million for 3Q 2025, which included $77.4 million in non-cash impairment charges related to long-lived assets [5]. Group 2: Stock Performance - Following the announcement of the expected impairment charge on October 24, 2025, Beyond Meat's stock price dropped approximately 23%, from $2.84 per share to $2.185 per share [4]. - The delay in the earnings announcement for 3Q 2025 on November 3, 2025, further contributed to a substantial decline in the stock price during that trading day [5].
KMX INVESTOR LOSSES: Lose Money on CarMax, Inc.? Contact BFA Law before January 2 Securities Class Action Deadline
Globenewswire· 2025-12-07 12:18
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - Investors have until January 2, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Maryland [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [2]. Group 2: Company Performance and Stock Impact - CarMax reported disappointing financial results for Q2 FY 2026, with a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [5]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million the previous year [5]. - Following the announcement of these results, CarMax's stock dropped $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [6]. - An unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional stock drop of over 24% [6]. Group 3: Market Context - CarMax's previous claims of strong demand were allegedly inflated due to a temporary boost from U.S. tariffs on cars, which prompted customers to purchase vehicles before the tariffs took effect [3]. - The lawsuit also investigates whether CarMax properly assessed or reserved for its portfolio of car loans following the CEO's departure [4].
KMX INVESTORS: BFA Law Reminds CarMax, Inc. Investors with Losses to Contact the Firm before the Imminent January 2 Securities Class Action Deadline
Newsfile· 2025-11-20 20:46
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for securities fraud following a significant drop in stock price due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is based on claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in CarMax securities [3]. - Investors have until January 2, 2026, to request to lead the case, which is currently pending in the U.S. District Court for the District of Maryland [3]. Group 2: Financial Performance - CarMax reported disappointing financial results for Q2 of fiscal year 2026, with a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [6]. - The net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. Group 3: Stock Price Impact - Following the announcement of poor financial results on September 25, 2025, CarMax's stock price fell by $11.45 per share, or about 20%, from $57.05 to $45.60 [7]. - The unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional drop of over 24% in the stock price [7]. Group 4: Company Operations - CarMax's management had previously emphasized strong demand for its vehicles, which was allegedly inflated by a temporary surge in purchases before U.S. tariffs were imposed [4]. - The law firm BFA is also investigating whether CarMax adequately assessed or reserved for its portfolio of car loans following the CEO's departure [5].