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Deadline Soon: Fluor Corporation (FLR) Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
Businesswire· 2025-11-11 17:00
Core Viewpoint - Fluor Corporation is facing a securities fraud class action lawsuit due to significant financial losses reported in Q2 2025, which were attributed to rising costs and reduced capital spending by clients [2][3]. Financial Performance - On August 1, 2025, Fluor reported Q2 2025 financial results that missed consensus estimates, leading to a stock price drop of $15.35, or 27%, closing at $41.42 per share [2]. - The company lowered its full-year 2025 outlook, citing client hesitation due to economic uncertainty, which impacted new awards and project delays [2]. Lawsuit Details - The class action lawsuit alleges that Fluor made materially false and misleading statements regarding its business operations and financial outlook during the class period from February 18, 2025, to July 31, 2025 [3]. - Specific allegations include undisclosed rising costs in major projects due to subcontractor errors and economic factors affecting client spending [3]. Investor Information - Investors who acquired Fluor securities during the class period are urged to participate in the lawsuit, with a deadline set for November 14, 2025, to seek lead plaintiff status [4].
Deadline Alert: James Hardie Industries plc (JHX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswire· 2025-11-07 22:01
Core Points - James Hardie Industries plc is facing a class action lawsuit due to a significant decline in sales, specifically a 12% drop in North America Fiber Cement sales attributed to customer destocking [2][4] - The company's stock price plummeted by $9.79, or 34.4%, closing at $18.64 per share following the announcement of the sales decline [3] - The lawsuit alleges that the company made materially false and misleading statements regarding its business operations and failed to disclose adverse facts about its sales performance [4] Company Summary - James Hardie Industries plc's common stock was previously American Depositary Shares until its conversion on July 1, 2025 [1] - The class period for the lawsuit is defined as May 20, 2025, to August 18, 2025 [1][5] - Investors who purchased shares during this period are encouraged to file a lead plaintiff motion by December 23, 2025 [5]
GIFI Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Gulf Island Fabrication, Inc. is Fair to Shareholders
Businesswire· 2025-11-07 18:55
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Gulf Island Fabrication, Inc. (NASDAQ: GIFI) to IES Holdings, Inc. for $12.00 per share in cash, raising concerns about the potential underpayment to shareholders and the adequacy of disclosures regarding the transaction [1][3]. Group 1: Investigation Details - The investigation focuses on whether Gulf Island and its board violated federal securities laws or breached fiduciary duties by not securing the best possible consideration for shareholders [3]. - Key concerns include whether IES is underpaying for Gulf Island and if all material information necessary for shareholders to assess the merger consideration has been disclosed [3]. Group 2: Legal Actions - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other forms of relief related to the proposed transaction [4]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [4].
October hiring rate down 24% from pre-pandemic levels, according to LinkedIn jobs report
CNBC Television· 2025-11-06 22:18
Labor Market Overview - LinkedIn's jobs report indicates a 6% year-over-year decrease in hiring for October [1] - The hiring rate on LinkedIn is down more than 24% compared to pre-pandemic levels [1][3] - The job market shows stability with hiring and quits remaining consistent with September figures [2][3] - The number of available jobs relative to job seekers on LinkedIn has remained relatively stable [3] Impact on Graduates - College graduates with bachelor's degrees in entry-level roles are performing in line with the overall labor market [5] - Individuals with advanced degrees (MBAs, JDs) are experiencing worse job market outcomes [5] Industry Specific Slowdowns - Industries such as technology, media, legal, accounting, consulting, and financial services have experienced the most significant slowdowns due to rising interest rates [6] - These industries have been disproportionately affected by the labor market slowdown [6]
BHF Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Brighthouse Financial, Inc. is Fair to Shareholders
Businesswire· 2025-11-06 19:04
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Brighthouse Financial, Inc. to Aquarian Capital LLC for $70.00 per share, focusing on whether the transaction is equitable for shareholders [1][3]. Investigation Details - The investigation aims to determine if Brighthouse and its board violated federal securities laws or breached fiduciary duties by not securing the best possible consideration for shareholders, assessing if Aquarian is underpaying, and failing to disclose all material information necessary for shareholders to evaluate the merger [3][4]. - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other forms of relief related to the proposed transaction [4]. Legal Rights and Contact Information - Brighthouse shareholders are encouraged to contact Halper Sadeh LLC to learn about their legal rights and options regarding the sale [2][4]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees [4].
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm Encourages Avantor, Inc. (AVTR) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2025-11-06 17:51
Core Viewpoint - A securities fraud class action lawsuit has been filed against Avantor, Inc. for allegedly misleading investors regarding the company's competitive position and financial performance during the specified class period from March 5, 2024, to October 28, 2025 [1][7]. Financial Performance - On April 25, 2025, Avantor reported first quarter results that missed consensus estimates and reduced guidance for the remainder of 2025, citing increased competitive intensity [2]. - Following this announcement, Avantor's stock price dropped by $2.57, or 16.6%, closing at $12.93 per share [3]. - On August 1, 2025, the company again missed estimates in its second quarter results, revealing a year-over-year decrease in net sales and further reducing its 2025 guidance [3]. - This led to a further decline in stock price by $2.08, or 15.5%, closing at $11.36 per share [4]. - On October 29, 2025, Avantor disclosed disappointing third quarter results, including a -5% organic revenue growth and a net loss of $712 million, primarily due to a non-cash goodwill impairment charge of $785 million [5]. - The stock price fell by $3.50, or 23.2%, closing at $11.58 per share following this announcement [6]. Allegations in the Lawsuit - The lawsuit alleges that throughout the class period, Avantor's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and competitive position [7][8]. - Specifically, it is claimed that the company did not adequately represent its competitive positioning and the negative impacts of increased competition on its operations [7].
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Avantor
Businesswire· 2025-11-06 16:40
Core Insights - Faruqi & Faruqi, LLP is investigating potential securities law violations at Avantor, Inc. following disappointing financial results [2][3] - Avantor reported a net loss of $712 million for Q3 2025, primarily due to a non-cash goodwill impairment charge of $785 million, alongside a -5% organic revenue growth [3][4] - The company's stock price dropped over 23%, falling from $15.08 to $11.58 per share after the announcement of the financial results [4] Company Performance - Avantor's Q3 2025 results included a net loss of $712 million, attributed mainly to a goodwill impairment charge [3] - The company experienced a -5% organic revenue growth, which was below the guidance provided earlier in August [3] Market Reaction - Following the announcement of the financial results, Avantor's stock price fell by $3.50 per share, representing a decline of more than 23% [4]
GDEN Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Golden Entertainment, Inc. is Fair to Shareholders
Businesswire· 2025-11-06 16:31
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Golden Entertainment, Inc.'s operating assets and casino real estate assets to ensure that shareholders receive adequate consideration for their shares [1][3]. Group 1: Transaction Details - Golden shareholders will receive a fixed exchange ratio of 0.902 shares of VICI common stock and $2.75 from Blake Sartini for each share of Golden [1]. - The investigation focuses on whether the buyers are underpaying for Golden's assets and if the board of directors has fulfilled their fiduciary duties [3]. Group 2: Legal Rights and Options - Halper Sadeh LLC encourages Golden shareholders to contact them to learn about their legal rights and options regarding the proposed transaction [2][4]. - The firm may seek increased consideration for shareholders and additional disclosures related to the transaction [4].
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Quanex Building Products
Businesswire· 2025-11-06 16:19
Core Insights - Faruqi & Faruqi, LLP is investigating potential securities law violations at Quanex Building Products Corporation following significant financial losses reported by the company [2][3][4] Financial Performance - Quanex reported a diluted EPS of ($6.04) for Q3 FY2025, a substantial decline from $0.77 in the same period last year [3] - The company disclosed operational issues at its Tyman Mexico hardware business, which negatively impacted EBITDA by nearly $5 million in Q3 [4] - Adjusted EBITDA for the quarter was reported at $70.30 million, with the company adjusting for lower expected volumes and delaying procurement savings from Tyman integration [3][4] Stock Market Reaction - Following the earnings announcement, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025, with unusually high trading volume [4] - The stock continued to decline on September 8, 2025, dropping an additional $1.98, or 10.9%, to close at $16.20 per share [4]
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at KBR
Businesswire· 2025-11-06 16:03
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential securities law violations at KBR, Inc. following a significant drop in its stock price after the announcement of the termination of a contract by HomeSafe Alliance [2][3]. Group 1: Investigation Details - The investigation is being led by Faruqi & Faruqi, a national securities law firm known for recovering hundreds of millions of dollars for investors since its establishment in 1995 [2]. - Investors who suffered losses in KBR are encouraged to contact the firm to discuss their legal options [1][4]. Group 2: Stock Price Impact - On June 20, 2025, KBR's stock price fell by $3.85 per share, a decrease of 7.29%, closing at $48.93 following the contract termination announcement [3]. - The decline continued on June 23, 2025, with an additional drop of $1.30 per share (2.65%), closing at $47.63 [3].