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STUB CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit On Behalf Of StubHub Holdings, Inc. Shareholders
Businesswire· 2025-11-25 02:14
Core Viewpoint - Glancy Prongay & Murray LLP has filed a class action lawsuit against StubHub Holdings, Inc. on behalf of shareholders who purchased stock during the company's September 2025 IPO, alleging securities fraud due to misleading statements in the registration statement [1][7]. Company Overview - StubHub conducted its IPO on September 17, 2025, selling approximately 34 million shares of Class A common stock at a price of $23.50 per share [3]. - Following the IPO, StubHub reported negative free cash flow of $4.6 million for Q3 2025, a 143% decrease from the previous year's positive free cash flow of $10.6 million [4]. - The company's net cash provided by operating activities also decreased by 69.3%, from $12.4 million in the previous year to $3.8 million [4]. Stock Performance - After the Q3 2025 financial results were announced, StubHub's stock price fell by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025 [5]. - By the time the lawsuit commenced, StubHub's stock was trading as low as $10.31 per share, representing a nearly 56% decline from the IPO price [6]. Allegations in the Lawsuit - The lawsuit claims that the registration statement was materially false and misleading, failing to disclose significant adverse facts about the company's business and operations [7]. - Specific allegations include undisclosed changes in the timing of payments to vendors, which adversely impacted free cash flow, leading to misleading reports [8].
The Law Offices of Frank R. Cruz Announces Investigation of Western Alliance Bancorporation (WAL) on Behalf of Investors
Businesswire· 2025-11-21 16:40
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Western Alliance Bancorporation regarding possible breaches of fiduciary duties to shareholders [1][2]. Group 1: Investigation Details - The investigation focuses on whether the board of directors grossly mismanaged the company and breached its fiduciary duties to shareholders [2][3]. - Shareholders who purchased Western Alliance shares before October 2025 are encouraged to participate in the investigation [3]. Group 2: Contact Information - Interested shareholders can contact Frank R. Cruz at The Law Offices of Frank R. Cruz for inquiries regarding their rights and interests [3]. - Contact details include a phone number (310-914-5007) and an email address (info@frankcruzlaw.com) [3].
JYD Investors Have Opportunity to Lead Jayud Global Logistics Limited Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-20 23:31
Nov 20, 2025 6:31 PM Eastern Standard Time JYD Investors Have Opportunity to Lead Jayud Global Logistics Limited Securities Fraud Lawsuit with the Schall Law Firm Share LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Jayud Global Logistics Limited ("Jayud†or "the Company†) (NASDAQ: JYD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the ...
BABA Investors Have Opportunity to Join Alibaba Group Holding Limited Fraud Investigation with the Schall Law Firm
Businesswire· 2025-11-20 21:40
Core Viewpoint - The Schall Law Firm is investigating claims against Alibaba Group Holding Limited for potential violations of securities laws, particularly in light of allegations regarding the company's support for Chinese military operations against the U.S. [2] Group 1: Investigation Details - The investigation centers on whether Alibaba made false or misleading statements or failed to disclose critical information to investors [2] - A Reuters article dated November 14, 2025, reported that the White House accused Alibaba of providing technological support to the Chinese military, which led to a decline in Alibaba's American Depositary Receipts (ADRs) on the same day [2] Group 2: Investor Participation - Shareholders who have suffered losses are encouraged to participate in the investigation and can contact the Schall Law Firm for more information [3]
Deadline Approaching: Primo Brands Corporation (PRMB) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire· 2025-11-20 20:50
Core Viewpoint - The Law Offices of Howard G. Smith is urging investors of Primo Brands Corporation (PRMB) who suffered losses to participate in a class action lawsuit due to alleged securities fraud related to the company's merger and subsequent operational issues [1][5]. Summary by Sections Company Background - Primo Brands Corporation operates under the NYSE ticker PRMB and was formed following a merger between Primo Water Corporation and BlueTriton Brands, Inc. on November 8, 2024 [3]. Financial Performance and Stock Impact - On August 7, 2025, Primo Brands reported second quarter 2025 financial results, revealing that rapid facility closures and headcount reductions disrupted product supply and delivery, leading to a stock price drop of $2.41, or 9.1%, closing at $24.00 per share [3]. - Following the announcement on November 6, 2025, regarding the replacement of its CEO and a reduction in full-year 2025 net sales and adjusted EBITDA guidance, the stock price fell by $8.20, or 36.2%, closing at $14.46 per share on November 7, 2025 [4]. Lawsuit Details - The class action lawsuit alleges that during the class period, the defendants made materially false and misleading statements and failed to disclose significant operational issues, including poor merger integration and major supply disruptions that negatively impacted financial results [5][6]. - Investors who purchased Primo Brands common stock during the specified class period (November 11, 2024, to November 6, 2025) are encouraged to file a lead plaintiff motion by January 12, 2026, if they meet legal requirements [1][6].
JHX DEADLINE ALERT: James Hardie Industries plc Investors Urged to Contact Kirby McInerney LLP About Class Action Lawsuit
Businesswire· 2025-11-19 23:00
Core Viewpoint - James Hardie Industries plc is facing a federal securities class action lawsuit due to allegations of misleading investors regarding the performance of its North America Fiber Cement segment during a specific period in 2025 [3][4]. Summary by Sections Lawsuit Details - The class action lawsuit is on behalf of investors who purchased James Hardie securities between May 20, 2025, and August 18, 2025 [3]. - The lawsuit claims that the company misrepresented the strength of its North America Fiber Cement segment, despite being aware of inventory destocking by distributors [3]. Financial Impact - On August 19, 2025, James Hardie reported a 12% decline in North American net sales for fiscal Q1 2026, attributing this to lower volumes as customers adjusted inventory levels [4]. - Following the earnings report, the company's share price dropped by $9.79, or approximately 34.4%, from $28.43 to $18.64 [4]. Investor Actions - Investors who acquired James Hardie securities during the class period are encouraged to contact Kirby McInerney LLP to discuss their rights and potential involvement in the lawsuit [2][5].
Law Offices of Frank R. Cruz Encourages Primo Brands Corporation (PRMB) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2025-11-18 17:05
Core Viewpoint - A class action lawsuit has been filed against Primo Brands Corporation (PRMB) for securities fraud, affecting shareholders who purchased stock during specified periods [1][5]. Summary by Sections Class Action Details - The lawsuit is on behalf of shareholders who acquired Primo Brands or Primo Water Corporation common stock between June 17, 2024, and November 8, 2024, and between November 11, 2024, and November 6, 2025 [1]. - Investors have until January 12, 2026, to file a lead plaintiff motion [1]. Company Events - On November 8, 2024, Primo Water merged with BlueTriton Brands, leading to the formation of Primo Brands [3]. - On August 7, 2025, the company reported disruptions in product supply and service due to rapid facility closures and headcount reductions, resulting in a stock price drop of $2.41, or 9.1%, closing at $24.00 per share [3]. - On November 6, 2025, the company announced a CEO replacement and lowered its full-year 2025 net sales and adjusted EBITDA guidance, causing a further stock price decline of $8.20, or 36.2%, to close at $14.46 per share [4]. Allegations in the Lawsuit - The lawsuit alleges that during the class period, the defendants made materially false and misleading statements and failed to disclose adverse facts about the company's operations and prospects [5][6]. - Specific failures included not disclosing poor merger integration tracking, major supply disruptions, and misleading positive statements regarding the company's business [6].
STUB INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Launches Investigation Into StubHub Holdings, Inc., and Encourages Investors and Potential Witnesses to Contact Law Firm
Businesswire· 2025-11-18 11:00
Core Viewpoint - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving StubHub Holdings, Inc. [1][7] Company Overview - StubHub operates a ticketing marketplace for live event tickets worldwide [2]. Investigation Details - The investigation focuses on whether StubHub and certain top executives made materially false and/or misleading statements and/or omitted material information regarding StubHub's business and operations [3]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm representing investors in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [4]. - The firm has been ranked 1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors [4]. - Robbins Geller is one of the largest plaintiffs' firms globally, with 200 lawyers in 10 offices [4].
PRMB Investors Have Opportunity to Lead Primo Brands Corporation Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-15 01:46
Core Viewpoint - The Schall Law Firm is reminding investors of a class action lawsuit against Primo Brands Corporation for alleged securities fraud, specifically violations of the Securities Exchange Act of 1934 [1][4]. Group 1: Lawsuit Details - The lawsuit targets investors who purchased securities of Primo Water Corporation between June 17, 2024, and November 8, 2024, and/or common stock of Primo Brands Corporation between November 11, 2024, and November 6, 2025 [2]. - The complaint alleges that Primo Brands made false and misleading statements regarding its merger with BlueTriton Brands, claiming the merger was proceeding "flawlessly" while failing to disclose material facts about the integration process [4]. Group 2: Investor Participation - Investors who suffered losses are encouraged to contact the Schall Law Firm to discuss their rights and potentially participate in the lawsuit before January 12, 2026 [2][3]. - The class action has not yet been certified, meaning that until certification occurs, investors are not represented by an attorney [3].
Fluor Corporation Deadline Today: Rosen Law Firm Urges Fluor Corporation (NYSE: FLR) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
Businesswire· 2025-11-14 16:27
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Fluor Corporation (NYSE: FLR) on behalf of investors who purchased securities between February 18, 2025, and July 31, 2025, alleging that the company misled investors regarding its business operations [1][2]. Allegations - The lawsuit claims that Fluor Corporation made false and misleading statements and failed to disclose significant issues, including rising costs associated with major projects such as the Gordie Howe International Bridge and various Texas highways due to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, negatively impacted Fluor's business and financial results [2]. - The financial guidance provided by Fluor for the full year 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategies [2]. Legal Proceedings - Shareholders interested in serving as lead plaintiffs must file motions with the court by November 14, 2025 [3]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [3]. About Rosen Law Firm - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [5].