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Investors who lost money on Vestis Corporation (VSTS) should contact The Gross Law Firm about pending Class Action - VSTS
GlobeNewswire News Room· 2025-08-07 20:33
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Vestis Corporation regarding a class action lawsuit due to allegations of misleading statements and failure to meet growth expectations [1][3]. Allegations and Financial Impact - The allegations state that Vestis Corporation provided overly positive statements while concealing material adverse facts about its business growth capabilities [3]. - On May 7, 2025, Vestis announced disappointing financial results for Q2 2025, withdrew its revenue guidance for the full fiscal year, and provided lower-than-expected guidance for Q3 2025, attributing the poor performance to "lost business in excess of new business" and "lower adds over stops" [3]. - Following the announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in one day [3]. Class Action Details - The class period for the lawsuit is defined as May 2, 2024, to May 6, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is August 8, 2025, and there is no cost to participate in the case [4]. Firm's Commitment - The Gross Law Firm emphasizes its mission to protect investors' rights and ensure companies adhere to responsible business practices [5].
2025年1-7月A股IPO中介机构收费排行榜
梧桐树下V· 2025-08-05 07:27
Core Viewpoint - In the first seven months of 2025, A-shares saw 59 companies listed, a year-on-year increase of 18.00%, with a total fundraising net amount of 544.21 billion yuan, up 63.83% from the previous year [2] Group 1: Listing and Fundraising - A total of 59 new companies were listed, comprising 14 on the Shanghai Main Board, 8 on the Sci-Tech Innovation Board, 8 on the Shenzhen Main Board, 22 on the Growth Enterprise Market, and 7 on the Beijing Stock Exchange [2] - The net fundraising amount of these companies reached 544.21 billion yuan, compared to 332.18 billion yuan in the same period last year [2] Group 2: Fees Charged by Intermediaries - The total fees charged by IPO intermediaries for these 59 companies amounted to 43.90 billion yuan, with underwriting and sponsorship fees at 30.22 billion yuan, legal fees at 4.48 billion yuan, and audit fees at 9.20 billion yuan [2] - The ranking of underwriting and sponsorship fees by board is as follows: Growth Enterprise Market, Shanghai Main Board, Sci-Tech Innovation Board, Shenzhen Main Board, and Beijing Stock Exchange [3] Group 3: Average Fees by Board - The average underwriting and sponsorship fee is highest in the Sci-Tech Innovation Board at 68.96 million yuan, while the lowest is in the Beijing Stock Exchange at 22.63 million yuan [6] - The average legal fee is highest in the Sci-Tech Innovation Board at 8.30 million yuan, and the lowest in the Beijing Stock Exchange at 3.63 million yuan [6] - The average audit fee is highest in the Shanghai Main Board at 21.17 million yuan, and the lowest in the Beijing Stock Exchange at 5.29 million yuan [6] Group 4: Top Intermediaries - CITIC Securities ranked first in total underwriting and sponsorship fees at 3.28 billion yuan, followed by Guotai Junan and CITIC Jianzhong at 3.28 billion yuan and 3.17 billion yuan respectively [8] - The top three law firms by total fees are Shanghai Jintiancheng, Beijing Zhonglun, and Zhejiang Tiance, with total fees of 66.14 million yuan, 46.18 million yuan, and 35.24 million yuan respectively [11] - The top three accounting firms by total fees are Rongcheng, Tianjian, and Ernst & Young Huaming, with total fees of 1.77 billion yuan, 1.53 billion yuan, and 1.33 billion yuan respectively [14]
The Gross Law Firm Notifies Neogen Corporation Investors of a Class Action Lawsuit and Upcoming Deadline – NEOG
GlobeNewswire News Room· 2025-08-04 20:32
Core Viewpoint - Neogen Corporation (NASDAQ: NEOG) is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its integration with the Food Safety Division of 3M Company, which misled investors about the progress of the integration [3]. Group 1: Allegations and Class Action Details - The class period for the lawsuit is from January 5, 2023, to June 3, 2025 [3]. - Defendants allegedly downplayed inefficiencies arising from the integration and assured investors of their commitment to resolving these issues quickly [3]. - Shareholders are encouraged to register for the class action by September 16, 2025, to potentially become lead plaintiffs [4]. Group 2: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
MSS ALERT: Bragar Eagel & Squire, P.C. is Investigating Maison Solutions on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-30 22:59
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Maison Solutions Inc. (NASDAQ: MSS) on behalf of long-term stockholders following a class action complaint related to the company's IPO and subsequent disclosures [2][5]. Group 1: Company Background and IPO Details - Maison Solutions filed a registration statement on Form S-1 on May 22, 2023, which was declared effective on September 29, 2023, after several amendments [3]. - The company conducted its IPO between October 5, 2023, and October 10, 2023, issuing 2,500,000 common shares at an offering price of $4.00 per share, resulting in approximately $10 million in proceeds before expenses [4]. Group 2: Legal Investigation and Allegations - A class action complaint was filed against Maison Solutions on January 2, 2024, concerning the period from October 5, 2023, to December 15, 2023, focusing on potential breaches of fiduciary duties by the board of directors [2]. - The complaint alleges that the Offering Documents were negligently prepared, containing untrue statements or omitting necessary facts, including issues with auditors and underwriters, undisclosed related party transactions, and past legal issues of a key executive [5].
比特币突破12万美元!去中心化Web3.0时代商业犯罪如何辩护?丨律新调研
Sou Hu Cai Jing· 2025-07-25 10:43
Core Insights - The article discusses the transformative impact of Web3.0 technologies on the legal services industry, highlighting both challenges and opportunities presented by decentralized structures and blockchain technology [2][20]. Group 1: Challenges in Legal Services - The anonymity and decentralization of Web3.0 create significant challenges in tracing criminal activities, leading to difficulties in identifying perpetrators and proving the source of funds [3]. - The cross-border nature of Web3.0 crimes complicates jurisdictional issues, resulting in conflicts between different countries' legal systems and regulatory standards [4][5]. - The rapid evolution of Web3.0 technologies has outpaced existing legal frameworks, creating gaps in regulation and legal recourse for new types of crimes [6]. Group 2: Opportunities in Legal Services - Web3.0 offers expanded defense strategies for legal practitioners, allowing for nuanced arguments based on the volatility of cryptocurrency values and the legality of evidence collection [9][14]. - The rise of Web3.0 has led to increased demand for compliance services, particularly in data protection and the regulation of stablecoins and tokenized real-world assets [12]. - Technological advancements in Web3.0 enhance the efficiency of legal processes, particularly in evidence preservation and data analysis, providing a robust foundation for legal arguments [13][15]. Group 3: Strategies for Legal Service Providers - Legal service providers must develop interdisciplinary skills that integrate technology and law to effectively address the complexities of Web3.0 [16]. - Collaboration with technology experts and participation in industry self-regulatory organizations are essential for navigating the challenges posed by Web3.0 [17]. - Establishing a global network for cross-border legal cooperation is crucial to address the jurisdictional challenges inherent in Web3.0 crimes [18][19].
科创板6周年!中介机构排名(保荐/律所/审计)
梧桐树下V· 2025-07-23 02:13
Core Viewpoint - The article highlights the development and current status of the Sci-Tech Innovation Board (STAR Market) in China, marking its sixth anniversary with a total of 589 listed companies and providing insights into the performance of various underwriting institutions, law firms, and accounting firms involved in IPO services. Group 1: STAR Market Overview - As of July 22, the STAR Market has 589 listed companies, with the number of new listings per year as follows: 70 in 2019, 143 in 2020, 162 in 2021, 124 in 2022, 67 in 2023, 15 in 2024, and 8 from 2025 to present [1]. Group 2: Underwriting Institutions Performance - A total of 53 underwriting institutions have handled the IPOs for the 589 STAR Market companies. The top five institutions by the number of IPOs are: 1. Guotai Junan: 95 IPOs 2. CITIC Securities: 84 IPOs 3. CITIC Jianzhong: 56 IPOs 4. CICC: 53 IPOs 5. Huatai United: 51 IPOs [2][3]. Group 3: Law Firms Performance - There are 67 law firms that provided legal services for the IPOs of the 589 STAR Market companies. The top five law firms are: 1. Shanghai Jintiancheng: 62 cases 2. Beijing Zhonglun: 56 cases 3. Beijing Deheng: 46 cases 4. Beijing Jindu: 36 cases 5. Beijing Guofeng: 35 cases [7]. Group 4: Accounting Firms Performance - A total of 29 accounting firms provided audit services for the IPOs of the 589 STAR Market companies. The top five accounting firms are: 1. Tianjian: 108 cases 2. Lixin: 88 cases 3. Rongcheng: 68 cases 4. Tianzhi International: 41 cases 5. Dahua: 35 cases [8].
Rosen Law Firm Encourages KBR, Inc. Investors to Inquire About Securities Class Action Investigation - KBR
Prnewswire· 2025-07-22 20:52
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of KBR, Inc. due to allegations of materially misleading business information issued by KBR [1] Group 1: Investigation and Allegations - The investigation is prompted by KBR's announcement regarding the termination of HomeSafe Alliance's role in a significant contract with U.S. Transportation Command, which led to a notable decline in KBR's stock price [3] - KBR's stock fell by $3.85 per share, or 7.2%, closing at $48.93 on June 20, 2025, following the announcement [3] Group 2: Class Action Details - Shareholders who purchased KBR securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees, facilitated by a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement 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 of dollars for investors [4]
RCAT DEADLINE ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Red Cat Holdings, Inc. Investors to Secure Counsel Before Important July 22 Deadline in Securities Class Action – RCAT
GlobeNewswire News Room· 2025-07-19 21:18
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Red Cat Holdings, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on July 22, 2025, and the potential for compensation without out-of-pocket costs [1][2]. Group 1: Class Action Details - Investors who bought Red Cat securities between March 18, 2022, and January 15, 2025, may be eligible for compensation through a class action lawsuit [1][2]. - A class action lawsuit has already been filed, and interested parties must act by the lead plaintiff deadline to participate [2][5]. - The lawsuit alleges that Red Cat made false and misleading statements regarding its production capacity and the value of its contracts, leading to investor damages when the truth was revealed [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in this area [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in terms of settlements since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3].
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Augusta Gold Corp. (OTCMKTS: AUGG)
GlobeNewswire News Room· 2025-07-17 16:13
Group 1 - Class Action Attorney Juan Monteverde's firm, Monteverde & Associates PC, has recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - The firm is investigating Augusta Gold Corp. in relation to its merger with AngloGold Ashanti Holdings, Inc., where each outstanding share of Augusta will be converted to receive CAD$1.70 in cash upon completion of the transaction [1] - The article raises the question of whether the proposed deal is fair for shareholders [1] Group 2 - Monteverde & Associates PC is a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court [2] - The firm operates from the Empire State Building in New York City [2] - The firm offers free consultations for shareholders with concerns regarding their investments [3]
激活创新动能 龙城街道开展惠企政策宣讲
Nan Fang Du Shi Bao· 2025-07-12 07:25
Group 1 - The event aimed to empower enterprise innovation through a combination of policy, financial, and legal services, attracting nearly 30 local companies [1] - The seminar focused on the application policies for national high-tech enterprises and specialized, innovative small and medium-sized enterprises, providing practical tips and common challenges faced in previous applications [3] - Financial institutions, including Hangzhou Bank and CITIC Bank, participated to explain the "Park Loan" products, facilitating initial cooperation intentions between several companies and banks [3] Group 2 - Legal guidance was provided by a law firm on labor management and compliance, covering the entire process from employee handbook creation to labor safety, helping companies establish harmonious labor relations [3] - The local government plans to conduct targeted visits to assist companies in reapplying for national high-tech and specialized innovative status, providing personalized support for growing tech firms [4] - The initiative aims to accelerate the cultivation of innovation momentum and inject new vitality into the local economy through collaboration among government, park operators, and financial institutions [4]