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Halper Sadeh LLC Encourages SunPower Corporation Shareholders to Contact the Firm to Discuss Their Rights
Businesswireยท 2025-10-23 18:00
Oct 23, 2025 2:00 PM Eastern Daylight Time Halper Sadeh LLC Encourages SunPower Corporation Shareholders to Contact the Firm to Discuss Their Rights Share Shareholders should contact the firm immediately as there may be limited time to enforce your rights. NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of SunPower Corporation (NASDAQ: SPWR) breached their fiduciary duties to shareholders. If you currently own SunPower stock a ...
Halper Sadeh LLC Encourages Live Nation Entertainment, Inc. Shareholders to Contact the Firm to Discuss Their Rights
Businesswireยท 2025-10-23 16:40
Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Live Nation Entertainment, Inc. (NYSE: LYV), urging shareholders to contact the firm to discuss their rights and possible legal actions [1][2]. Group 1: Shareholder Rights and Legal Options - Shareholders who acquired Live Nation stock on or before February 23, 2022, may seek corporate governance reforms, return of funds, court-approved financial incentives, or other benefits [2]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [2]. Group 2: Importance of Shareholder Participation - Shareholder involvement is crucial for improving company policies, practices, and oversight, which can lead to enhanced transparency, accountability, and ultimately, shareholder value [3]. Group 3: Firm's Background and Experience - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors [4].
Halper Sadeh LLC Encourages Ryvyl Inc. Shareholders to Contact the Firm to Discuss Their Rights
Businesswireยท 2025-10-22 23:33
Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by officers and directors of Ryvyl Inc., urging shareholders to contact the firm to discuss their rights and possible legal actions [1][2]. Group 1: Shareholder Rights and Legal Options - Shareholders who acquired Ryvyl stock on or before May 13, 2021, may seek corporate governance reforms, return of funds, court-approved financial incentives, or other benefits [2]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees [2]. Group 2: Importance of Shareholder Participation - Active shareholder involvement can lead to improved company policies, practices, and oversight, ultimately enhancing shareholder value [3]. Group 3: Firm's Background and Experience - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors [4].
Halper Sadeh LLC Encourages Exxon Mobil Corporation Shareholders to Contact the Firm to Discuss Their Rights
Businesswireยท 2025-10-22 19:39
Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Exxon Mobil Corporation, encouraging shareholders to contact the firm to discuss their rights and possible legal actions [1][2]. Group 1: Shareholder Rights and Legal Options - Shareholders who acquired Exxon Mobil stock on or before March 7, 2018, may seek corporate governance reforms, return of funds, court-approved financial incentives, or other benefits [2]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [2]. Group 2: Importance of Shareholder Participation - Shareholder involvement is crucial for improving company policies, practices, and oversight mechanisms, which can lead to enhanced transparency, accountability, and ultimately, shareholder value [3]. Group 3: Firm's Background and Experience - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors [4].
Deadline Approaching: Marex Group PLC (MRX) Shareholders Who Lost Money Urged to Contact Law Offices of Howard G. Smith
Businesswireยท 2025-10-15 18:57
Core Viewpoint - Marex Group PLC is facing a class action lawsuit due to allegations of accounting fraud and misleading financial disclosures, with a deadline for investors to file a lead plaintiff motion by December 8, 2025 [1][5]. Summary by Sections Allegations and Findings - A report by NINGI Research on August 5, 2025, accused Marex of engaging in a multi-year accounting scheme involving off-balance-sheet entities, fictitious transactions, and misleading disclosures to hide losses and inflate profits [3]. - Specific allegations include a $17 million receivable created without basis, a subsidiary's profit inflated by 150% before liquidation, and a $14.9 million asset sold to Robinhood for only $2.5 million [3]. - The report also claimed Marex concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund, misclassifying structured note issuance as income to inflate cash flow [3]. Stock Market Reaction - Following the allegations, Marex's stock price dropped by $2.33, or 6.2%, closing at $35.31 per share on August 5, 2025, with unusually high trading volume [4]. Lawsuit Details - The class action lawsuit alleges that Marex made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the class period from May 16, 2024, to August 5, 2025 [5]. - Key points of the lawsuit include the sale of over-the-counter financial instruments to itself, inconsistencies in financial statements, and the unreliability of Marex's financial disclosures [5]. Participation Information - Investors who purchased Marex securities during the class period can file a motion to be appointed as lead plaintiff by the deadline of December 8, 2025 [6].
Abacus Worldwide bolsters African presence
Yahoo Financeยท 2025-10-15 11:07
Group 1 - Abacus Worldwide has added two new members from Africa: Munyao, Muthama & Kashindi Advocates (MMK) from Kenya and P&A Accountants from South Africa [1][2] - P&A Accountants provides a range of solutions including accounting and tax compliance for businesses of all sizes, while MMK offers legal services with offices in Nairobi and Mombasa [1][2] - The CEO of Abacus Worldwide, Julio Gabay, emphasized that having members in Africa enhances the association's global reach and ability to serve clients with international expertise [2][3] Group 2 - The expansion into Africa is seen as a response to the continent's rapidly growing economies and expanding professional services sector, which presents opportunities for cross-border collaboration [3] - Abacus Worldwide also incorporated Balans-Inform-Audit (BIA), an audit firm from Uzbekistan, which supports companies in adapting to the local market-oriented economy [3][4] - BIA's membership in Abacus Worldwide includes joining Task International, a network for independent accounting firms specializing in transnational auditing and compliance [4]
Deadline Alert: Fortinet, Inc. (FTNT) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswireยท 2025-09-26 16:37
Core Viewpoint - Fortinet, Inc. is facing a class action lawsuit due to alleged securities fraud, with a deadline for lead plaintiff motions set for November 21, 2025, following a significant drop in stock price after disappointing financial results [1][5]. Financial Performance - On August 6, 2025, Fortinet reported its Q2 2025 financial results, indicating that it was "approximately 40% to 50% of the way through the 2026 firewall upgrade cycle" and provided weaker-than-expected revenue guidance for Q3, projecting revenue between $1.67 billion and $1.73 billion [2][4]. Stock Price Reaction - Following the announcement of the financial results, Fortinet's stock price fell by $21.28, or 22%, closing at $75.30 per share on August 7, 2025, which negatively impacted investors [3]. Allegations in the Lawsuit - The class action lawsuit alleges that Fortinet made materially false and misleading statements regarding its business operations and prospects, including: 1. Misrepresentation of the profitability of the refresh cycle, which was based on old products that constituted a small percentage of the business [4]. 2. Lack of clarity on the actual number of FortiGate firewalls eligible for upgrades [4]. 3. Concealment of the rapid progress of the refresh cycle, which was pushed through in a few months rather than over two years as claimed [4]. 4. Overall misleading statements about the company's business health and future prospects [4].
FSFG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of First Savings Financial Group, Inc. Is Fair to Shareholders
Businesswireยท 2025-09-25 14:50
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of First Savings Financial Group, Inc. to First Merchants Corporation, specifically whether the exchange ratio of 0.85 shares of First Merchants common stock per share of First Savings common stock is equitable for shareholders [1][3]. Group 1 - The investigation focuses on potential violations of federal securities laws and breaches of fiduciary duties by First Savings and its board of directors [3]. - Key concerns include whether the best possible consideration was obtained for shareholders, if First Merchants is underpaying for First Savings, and whether all material information necessary for shareholders to assess the merger was disclosed [3][4]. - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other forms of relief [4].
Law Offices of Frank R. Cruz Encourages Fluor Corporation (FLR) Investors To Inquire About Securities Fraud Class Action
Businesswireยท 2025-09-22 16:09
Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation for securities fraud, following a significant drop in stock price after the company reported disappointing financial results for Q2 2025 [1][3]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of investors who purchased Fluor securities between February 18, 2025, and July 31, 2025, with a deadline of November 14, 2025, to file a lead plaintiff motion [1][2]. - The lawsuit alleges that Fluor made materially false and misleading statements regarding its business operations and financial outlook during the class period [4]. Group 2: Financial Performance - On August 1, 2025, Fluor reported Q2 2025 financial results that missed consensus estimates, attributing the shortfall to rising costs from subcontractor design errors, price increases, and scheduling delays, along with reduced capital spending from clients [3]. - Following the announcement, Fluor's stock price fell by $15.35, or 27%, closing at $41.42 per share, which negatively impacted investors [3]. Group 3: Allegations Against Defendants - The complaint claims that the defendants failed to disclose significant adverse facts, including rising costs in key projects and the negative impact of economic uncertainty on the company's financial results [4]. - It is alleged that Fluor's financial guidance for FY 2025 was unreliable, and the effectiveness of its risk mitigation strategies was overstated [4].
Deadline Approaching: Fly-E Group, Inc. (FLYE) Investors Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswireยท 2025-09-16 17:44
Core Viewpoint - Fly-E Group, Inc. is facing a class action lawsuit due to significant financial losses and misleading statements made by the company regarding its business operations and prospects during the class period from July 15, 2025, to August 14, 2025 [3][5]. Financial Performance - On August 14, 2025, Fly-E reported a 32% year-over-year decline in net revenues, primarily attributed to decreased unit sales following multiple lithium-battery accidents involving its E-Bikes and E-Scooters [3]. - Following this announcement, Fly-E's stock price plummeted by $6.76, or 87.1%, closing at $1.00 per share on August 15, 2025, resulting in significant losses for investors [4]. Legal Proceedings - A class action lawsuit has been filed alleging that Fly-E's management made materially false and misleading statements about the company's brand reputation, cost reductions, and the risks associated with lithium batteries, which misled investors about the company's true financial health [5]. - Investors who purchased Fly-E securities during the class period are encouraged to file a lead plaintiff motion by the deadline of November 7, 2025, if they meet certain legal requirements [6].