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Deadline Approaching: Hercules Capital, Inc. (HTGC) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire· 2026-03-24 16:01
Core Viewpoint - Hercules Capital, Inc. (HTGC) is facing a class action lawsuit due to allegations of misleading statements and inadequate due diligence in its deal sourcing and portfolio valuation processes, which has led to significant financial losses for investors [2][4][5]. Group 1: Lawsuit Details - The lawsuit is based on claims that during the class period from May 1, 2025, to February 27, 2026, the company made materially false and misleading statements regarding its business operations and financial health [4][5]. - Allegations include overstating the due diligence in deal sourcing and loan origination, misclassifying portfolio investments, and misrepresenting portfolio valuations [5][6]. Group 2: Impact on Stock Price - Following the publication of a report on February 27, 2026, which criticized the company's practices, Hercules Capital's stock price dropped by $1.22, or 7.9%, closing at $14.21 per share on unusually high trading volume [3]. Group 3: Company Practices - A report indicated that Hercules Capital's deal sourcing relied heavily on copying investments from Google Ventures without conducting its own due diligence [2]. - The company's valuation process was described as lacking sufficient checks, with a small team responsible for evaluating numerous companies, raising concerns about the accuracy of its reported book value [3].
Deadline Alert: Gartner, Inc. (IT) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Businesswire· 2026-03-24 15:47
On August 5, 2025, Gartner released its second quarter 2025 financial results, revealing a decline in the Company's contract value ("CV†) growth rate from 7% the previous quarter to only 5%. On this news, Gartner's stock price fell $92.78, or 27.6%, to close at $243.93 per share on August 5, 2025, thereby injuring investors. Then, on February 3, 2026, Gartner disclosed that its CV growth rate had continued to decline, as "fourth quarter contract value or CV grew 1% year-over-year.†Deadline Alert: Gartne ...
Deadline Alert: Power Solutions International, Inc. (PSIX) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Businesswire· 2026-03-24 15:41
Core Viewpoint - Power Solutions International, Inc. (PSIX) is facing a class action lawsuit due to alleged securities fraud, with a deadline for shareholders to file a lead plaintiff motion by May 19, 2026 [1][7]. Financial Performance - The company reported a gross margin of 23.9% for Q3 2025, a decrease of 5.0% year-over-year, attributed to temporary inefficiencies from an accelerated production ramp-up for key data center product lines [2]. - Sales growth for the full year 2025 is anticipated at 45%, a significant decline from the previous year's growth rates of 74% in Q2 and 65% in Q3 2025 [2]. - In the fourth quarter and full year 2025 results, gross margin declined by 8% year-over-year, again due to operating inefficiencies related to the production ramp-up for data center products [4]. Stock Market Reaction - Following the Q3 2025 results announcement, PSIX's stock price fell by $15.55, or 19.14%, closing at $65.69 on November 7, 2025, with unusually heavy trading volume [3]. - After the Q4 and full year 2025 results were disclosed, the stock dropped by $24.84, or 28.97%, closing at $60.91 on March 3, 2026, also on unusually heavy trading volume [4]. Allegations in the Lawsuit - The class action lawsuit alleges that the company made materially false and misleading statements and failed to disclose adverse facts about its business and operations [5]. - Specific allegations include overstating the company's ability to capture sales demand in the data center market and understating the impact of manufacturing capacity enhancements, including expected costs and related inefficiencies [6].
Scott+Scott Attorneys at Law LLP Files Securities Class Action Against Concorde International Group, Ltd. (NASDAQ: CIGL)
Businesswire· 2026-03-23 23:34
Core Viewpoint - Scott+Scott Attorneys at Law LLP has filed a class action lawsuit against Concorde International Group, Ltd. for allegedly making false and misleading statements and failing to disclose adverse facts about the company's business [1][2][3] Company Overview - Concorde International Group, Ltd. claims to be an integrated security services provider, offering three main services: i-Guarding Services, Man-Guarding Services, and Consultancy and Training Services [2] - The company asserts that 97-99% of its revenues come from i-Guarding Services, which include electronic security systems and mobile patrols [2] Allegations and Legal Action - The lawsuit alleges that the defendants violated provisions of the Securities Act by making materially false and misleading statements and failing to disclose material adverse facts about the company's operations and trading activities [3] - The complaint claims that the defendants orchestrated a pump-and-dump scheme on Concorde International's Class A ordinary shares, leading to an artificial inflation of the stock price through social media promotions [3] Class Action Details - The class action is filed in the U.S. District Court for the Southern District of New York, with a lead plaintiff deadline set for May 20, 2026 [1][4]
Deadline Alert: ChowChow Cloud International Holdings Limited (CHOW) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Businesswire· 2026-03-23 17:48
Deadline Alert: ChowChow Cloud International Holdings Limited (CHOW) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit Mar 23, 2026 1:48 PM Eastern Daylight Time Deadline Alert: ChowChow Cloud International Holdings Limited (CHOW) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit IF YOU SUFFERED A LOSS ON YOUR CHOW INVESTMENTS, CLICK HERETO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECO ...
BRBR CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds BellRing Brands Investors of the Securities Class Action Lawsuit Deadline Tonight March 23, 2026
Businesswire· 2026-03-23 17:26
Core Viewpoint - Faruqi & Faruqi, LLP is reminding investors of BellRing Brands, Inc. about the deadline for a securities class action lawsuit, emphasizing the importance of contacting the firm if they suffered losses during the specified period [1][2]. Group 1: Legal Action Details - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against BellRing Brands is March 23, 2026 [2]. - The lawsuit alleges that BellRing and its executives violated federal securities laws by making false or misleading statements regarding the company's sales growth and the impact of competition [4]. - Investors who purchased or acquired BellRing securities between November 19, 2024, and August 4, 2025, are encouraged to discuss their legal rights with the firm [1][2]. Group 2: Stock Performance and Impact - On May 5, 2025, BellRing announced that several key retailers had lowered their weeks of supply, which negatively impacted Q3 2025 growth, leading to a stock price decline of $14.88 per share, or 19%, from $78.43 to $63.55 [5]. - Following disappointing quarterly consumption results for Premier Protein RTD Shakes on August 4, 2025, BellRing's stock fell by $17.46 per share, or nearly 33%, from $53.64 to $36.18 [6].
Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm Encourages ODDITY Tech Ltd. (ODD) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-03-23 16:57
Core Viewpoint - A securities fraud class action lawsuit has been filed against ODDITY Tech Ltd. on behalf of investors who acquired its securities between February 26, 2025, and February 24, 2026, due to significant financial disclosures that negatively impacted the company's stock price [1][2]. Financial Performance - On February 25, 2026, ODDITY reported its fourth quarter and full year 2025 financial results, revealing a dislocation with its largest advertising partner caused by algorithm changes, leading to increased user acquisition costs and an expected revenue decline of approximately 30% year-over-year for Q1 2026 [2][3]. Stock Price Impact - Following the negative financial news, ODDITY's stock price plummeted by $14.28, or 49.2%, closing at $14.74 per share on February 25, 2026, resulting in significant losses for investors [3]. Allegations in the Lawsuit - The lawsuit alleges that ODDITY's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and financial prospects, including the impact of the algorithm change on advertising costs and customer acquisition [3].
Rosen Law Firm Urges Hercules Capital, Inc. (NYSE: HTGC) Stockholders to Contact the Firm for Information About Their Rights
Businesswire· 2026-03-23 15:35
Core Viewpoint - Rosen Law Firm has initiated a class action lawsuit against Hercules Capital, Inc. (NYSE: HTGC) on behalf of investors who purchased securities between May 1, 2025, and February 27, 2026, alleging that the company misled investors regarding its business operations [1][2]. Allegations - The lawsuit claims that Hercules Capital made false and misleading statements and failed to disclose critical information, including: - Overstating the due diligence in its deal sourcing and loan origination process [3] - Overstating the due diligence in its portfolio valuation process [3] - Reporting misclassified portfolio investments [3] - Resulting in overstated and misrepresented portfolio valuations [3] - Positive statements about the company's business and prospects were materially misleading [3] Legal Proceedings - Shareholders wishing to serve as lead plaintiffs must file motions with the court by May 19, 2026 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Rosen Law Firm Background - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [6].
HTGC DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Hercules Capital (HTGC) Investors of Securities Class Action Deadline on May 19, 2026
Businesswire· 2026-03-23 15:22
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Hercules Capital, Inc. (HTGC) and reminds investors of the May 19, 2026 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company [2][4]. Group 1: Allegations Against Hercules Capital - The complaint alleges that Hercules Capital and its executives violated federal securities laws by making false and misleading statements and failing to disclose critical information regarding their due diligence processes and portfolio valuations [4]. - Specific allegations include overstating the due diligence in deal sourcing and loan origination, misclassifying portfolio investments, and misrepresenting portfolio valuations [4]. - A report from Hunterbrook Media claims that the company's deal sourcing process was inadequate, relying heavily on external sources like Google Ventures without conducting proper due diligence [5][6]. Group 2: Impact on Stock Price - Following the publication of the report on February 27, 2026, Hercules Capital's stock price fell by $1.22, or 7.9%, closing at $14.21 per share, with unusually high trading volume [6]. Group 3: Legal Proceedings - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of class members, overseeing the litigation on behalf of the class [7]. - Faruqi & Faruqi encourages anyone with information regarding Hercules Capital's conduct to contact the firm, including whistleblowers and former employees [8].
SMCI INVESTIGATION NOTICE: Robbins Geller Rudman & Dowd LLP Launches Investigation into Super Micro Computer, Inc., Encourages Investors and Potential Witnesses to Contact Law Firm
Businesswire· 2026-03-23 11:04
Core Viewpoint - Robbins Geller Rudman & Dowd LLP has initiated an investigation into Super Micro Computer, Inc. for potential violations of U.S. securities law following an indictment related to export-control violations, which led to a significant drop in the company's stock price [1][3]. Company Overview - Super Micro Computer, Inc. specializes in developing and manufacturing high-performance server and storage solutions [2]. Investigation Details - The investigation focuses on whether Super Micro and its executives made materially false and/or misleading statements to investors [7][11]. - The U.S. Attorney's Office for the Southern District of New York unsealed an indictment against three individuals associated with Super Micro on March 19, 2026, which resulted in a stock price decline of over 33% [3]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is recognized as a leading law firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone, and a total of $8.4 billion over the past five years [4].