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TUESDAY INVESTOR DEADLINE: Compass Diversified Holdings Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - CODI
Prnewswire· 2025-07-06 16:15
Core Viewpoint - The Compass Diversified class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and its executives, primarily related to misleading financial statements and irregularities in its subsidiary, Lugano Holdings [1][4][5]. Group 1: Lawsuit Details - The lawsuit is titled Augenbaum v. Compass Diversified Holdings, No. 25-cv-01003 (C.D. Cal.) and seeks to represent purchasers of Compass Diversified Holdings publicly traded securities [1]. - The class action lawsuit claims that Compass Diversified made false statements and failed to disclose significant financial irregularities related to Lugano Holdings, which affected the reported financial results for fiscal 2024 [4][5]. - The lawsuit was initiated after Compass Diversified announced the need to restate its 2024 financial statements due to identified irregularities in Lugano's accounting practices, leading to a stock price drop of over 62% [5]. Group 2: Financial Impact - The acquisition of Lugano Holdings was announced on September 7, 2021, with an enterprise value of $256 million [3]. - Following the announcement of the need for financial restatement, Compass Diversified's stock experienced a significant decline, indicating a loss of investor confidence [5]. Group 3: Legal Representation - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a law firm with extensive experience in prosecuting investor class actions, particularly those involving financial fraud [6][8]. - The firm has a strong track record, having recovered over $2.5 billion for investors in securities-related class action cases in 2024 alone [8].
ROSEN, A TOP RANKED LAW FIRM, Encourages Avis Budget Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CAR
GlobeNewswire News Room· 2025-05-19 22:58
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Avis Budget Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Avis Budget securities between February 16, 2024, and February 10, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 24, 2025 [3]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Avis Budget made false and misleading statements regarding its fleet rotation plan, which negatively impacted the value of its vehicles and led to billions in impairment charges [5]. - The claims suggest that Avis Budget's financial and business prospects were overstated, resulting in investor damages when the true information became public [5].
PPTA DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Perpetua Resources Corp. Investors to Secure Counsel Before Important May 20 Deadline in Securities Class Action – PPTA
GlobeNewswire News Room· 2025-05-19 16:55
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Perpetua Resources Corp. during the specified Class Period of the upcoming lead plaintiff deadline on May 20, 2025 [1] Group 1: Class Action Details - Investors who purchased Perpetua securities between April 17, 2024, and February 13, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 20, 2025 [3] - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6] Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4] Group 3: Case Specifics - The lawsuit alleges that during the Class Period, Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost factors [5] - The misleading statements led investors to purchase Perpetua's securities at artificially inflated prices, resulting in damages when the true costs were revealed [5]
NET Power Inc. Shareholders Who Lost Money on Their Investment are Encouraged to Contact Johnson Fistel about the Class Action Lawsuit
GlobeNewswire News Room· 2025-05-03 01:05
Core Viewpoint - A class action lawsuit has been initiated against NET Power Inc. on behalf of investors who acquired securities between June 9, 2023, and March 7, 2025, alleging that the company made materially false and misleading statements regarding its business and operations [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit seeks to recover losses for investors during the specified Class Period [1]. - Investors wishing to act as lead plaintiffs must file a motion by June 17, 2025 [1]. Allegations Against NET Power Inc. - The Complaint claims that NET Power's management made false statements about the completion timeline and costs associated with Project Permian, citing supply chain issues and site-specific challenges [2]. - It is alleged that the company's projections regarding the time and capital required for Project Permian were unrealistic [2]. - The increased time and capital requirements are expected to negatively impact the company's business and financial results [2]. - Overall, the public statements made by the defendants are claimed to be materially false and misleading throughout the Class Period [2]. Law Firm Background - Johnson Fistel, PLLP is a recognized law firm specializing in shareholder rights and securities class action lawsuits, with multiple offices across the United States [3]. - The firm has a track record of recovering significant amounts for clients, having recovered approximately $90,725,000 in 2024 for aggrieved clients [4].
Monolithic Power Systems, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses; April 7, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-03-25 22:06
Core Viewpoint - A class action lawsuit has been initiated against Monolithic Power Systems, alleging misleading statements and undisclosed performance issues with its products, particularly affecting its relationship with Nvidia [3]. Group 1: Class Action Lawsuit - The class action represents investors who purchased Monolithic Power Systems securities between February 8, 2024, and November 8, 2024 [1]. - Investors have until April 7, 2025, to file a lead plaintiff motion [1]. - The lawsuit claims that the company failed to disclose significant performance and quality control issues with its voltage regulator modules and power management integrated circuits [3]. Group 2: Financial Performance - On October 30, 2024, Monolithic Power Systems reported a revenue decline in its Enterprise Data segment to $184 million, missing analysts' estimates of $211 million by nearly 13% [4]. - Following this financial report, the company's stock price dropped more than 17% [4]. Group 3: Relationship with Nvidia - A report from Edgewater Research on November 11, 2024, indicated that Nvidia canceled half of its outstanding orders with Monolithic Power Systems due to performance issues [5]. - Nvidia's engineers reportedly lost confidence in Monolithic Power Systems' components, leading to a shift towards competitors [5]. - Following the news of order cancellations, Monolithic Power Systems' stock price fell nearly 15% [5].
NEM Investors Have Final Opportunity to Lead Newmont Corporation Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-03-25 13:32
LOS ANGELES, March 25, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Newmont Corporation ("Newmont" or "the Company") (NYSE: NEM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 22, 2024 and October 23, 2024, inclusive (the "Class Period") ...
TBBK Investors Have Opportunity to Lead The Bancorp, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-03-22 13:00
Core Viewpoint - A class action lawsuit has been filed against The Bancorp, Inc. for alleged misleading statements and failures to disclose significant risks related to its loan portfolio and financial reporting during the Class Period from January 25, 2024, to March 4, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that The Bancorp underrepresented the risk of default on its REBL loan portfolio and that its credit loss methodology was inadequate [5]. - It is alleged that there were material weaknesses in the company's internal controls over financial reporting and that its financial statements lacked independent auditor approval [5]. - The lawsuit asserts that these issues led to misleading positive statements about the company's business and operations [5]. Group 2: Participation Information - Investors who purchased The Bancorp securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A lead plaintiff must file a motion with the court by May 16, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].
Christopher Nixon Cox Named Chairman of High-Trend International Group
Prnewswire· 2025-03-13 13:00
Core Viewpoint - High-Trend International Group has appointed Christopher Nixon Cox as Chairman and Bo Cui as Chief Legal Officer, aiming to enhance governance and drive strategic growth in innovation-driven sectors, particularly in maritime low-carbon initiatives [1][6]. Group 1: Leadership Changes - Christopher Nixon Cox has been appointed as Chairman of High-Trend International Group, effective immediately, bringing extensive expertise in global markets and sustainability [1]. - Mr. Jinyu Chang has resigned as Chairman but will remain a director of the Company [1]. - Bo Cui has been named the new Chief Legal Officer, emphasizing the Company's commitment to governance and compliance [1]. Group 2: Leadership Background - Christopher Nixon Cox has a diverse background, serving as CEO of Lightswitch Capital and Argali Carbon Corporation, and has experience in funding breakthrough therapies and advancing green infrastructure [2]. - Bo Cui has over two decades of experience in cross-border finance and mergers and acquisitions, having executed over $10 billion in strategic deals during his tenure at HNA Group [5]. Group 3: Strategic Focus - The Company aims to leverage Mr. Cox's expertise to advance maritime low-carbon initiatives and strengthen traditional shipping operations in the U.S. [6]. - Bo Cui's dual expertise in law and technology is expected to enhance the Company's legal strategy and risk management efforts as it navigates global markets [6].