Legal
Search documents
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].
NASDAQ: FLY: Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Class Action Lawsuit Against Firefly Aerospace Inc. (FLY)
Businesswire· 2025-11-14 16:24
Core Viewpoint - A securities class action lawsuit has been filed against Firefly Aerospace Inc. by Kessler Topaz Meltzer & Check, LLP, alleging that the company made false and misleading statements regarding its business operations and growth prospects [1][2]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased Firefly's common stock during the IPO on August 7, 2025, and those who acquired securities between August 7, 2025, and September 29, 2025 [1]. - The lead plaintiff deadline for the lawsuit is set for January 12, 2026 [1]. Allegations Against Defendants - The complaint claims that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [2]. - It is alleged that the Alpha rocket program did not meet its claimed operational readiness and commercial viability [2]. - As a result of these issues, the statements made by the defendants regarding the company's business and prospects were materially false and misleading [2]. Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class by the deadline of January 12, 2026, or may choose to remain absent [3]. - The lead plaintiff will represent all class members in directing the litigation and selecting counsel [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].
RMBI Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Richmond Mutual Bancorporation, Inc. is Fair to Shareholders
Businesswire· 2025-11-13 13:34
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the merger between Richmond Mutual Bancorporation, Inc. and The Farmers Bancorp for Richmond shareholders, who will own approximately 62% of the combined entity upon completion of the transaction [1]. Group 1: Investigation Details - The investigation focuses on whether Richmond and its board violated federal securities laws or breached fiduciary duties by not obtaining the best possible consideration for shareholders and failing to disclose all material information necessary for assessing the merger [3]. - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief related to the proposed transaction [4]. Group 2: Legal Rights and Contact Information - Richmond shareholders are encouraged to contact Halper Sadeh LLC to learn about their legal rights and options regarding the merger [2]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [4].
CWH Investigation: Investors Encouraged to Contact Kirby McInerney LLP
Businesswire· 2025-11-11 23:00
Core Viewpoint - The law firm Kirby McInerney LLP is investigating potential violations of federal securities laws by Camping World Holdings, Inc. and its senior management, following the company's disclosure of prior misstatements in its financial reporting [1][2]. Financial Results and Impact - On October 28, 2025, Camping World announced its third-quarter 2025 financial results, revealing that management identified misstatements related to the deferred tax asset, leading to a revision of its 2024 annual report with an increase of $43.8 million in reported deferred tax assets [2]. - Following this announcement, Camping World shares fell by $4.17, approximately 24.79%, from $16.82 to $12.65 per share [2]. Legal Actions - Investors who purchased or acquired Camping World securities are encouraged to contact Kirby McInerney LLP for more information regarding their rights and the ongoing investigation [3]. - Kirby McInerney LLP specializes in securities litigation and has a history of recovering billions of dollars for shareholders [4].