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Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm Encourages Driven Brands Holdings Inc. (DRVN) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-03-12 18:09
Core Viewpoint - A securities fraud class action lawsuit has been filed against Driven Brands Holdings Inc. (DRVN) on behalf of investors who acquired shares between May 9, 2023, and February 24, 2026, due to material errors in the company's financial statements [1] Group 1: Lawsuit Details - The lawsuit alleges that Driven Brands made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the class period [1] - Investors have until May 8, 2026, to file a lead plaintiff motion in this class action lawsuit [1] Group 2: Financial Misstatements - On February 25, 2025, Driven Brands disclosed material errors in its consolidated financial statements dating back to 2023, which required restatement [1] - The company identified at least ten categories of errors, including inappropriate revenue recognition, unreconciled cash account differences, and overstatement of expenses [1] - The stock price fell by $5.01, or 30.2%, closing at $11.60 per share on February 25, 2026, following the announcement of these errors [1] Group 3: Specific Errors Identified - Errors included issues with lease recording impacting right of use assets and liabilities, inaccuracies in cash balances and operating cash flows, and misclassification of expenses [1] - Additional errors were related to income tax provisions, supply revenue, fixed assets, and revenue recognition in the ATI business [1]
Deadline Alert: Camping World Holdings, Inc. (CWH) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Businesswire· 2026-03-12 17:55
Core Viewpoint - Camping World Holdings, Inc. is facing a class action lawsuit due to alleged securities fraud, with significant financial losses reported during the Class Period from April 29, 2025, to February 24, 2026 [1] Financial Performance - In Q3 2025, Camping World reported a decrease in new vehicle revenue by $58.1 million, or 7.0%, and an 8.6% drop in the average selling price of new vehicles [1] - The total gross margin decreased by 27 basis points during the same period [1] - For Q4 2025, the company reported a net loss of $(109.1) million, an increase of $49.6 million, or 83.3%, compared to the previous year [1] - Adjusted EBITDA for Q4 2025 was $(26.2) million, reflecting an increased loss of $23.7 million [1] - Gross profit decreased by $38.7 million, or 10.3%, with total gross margin at 28.8%, down 247 basis points [1] Stock Performance - Following the Q3 2025 results announcement, Camping World's stock fell by $4.17, or 24.8%, closing at $12.65 per share [1] - After the Q4 2025 results, the stock price dropped by $1.79, or 16.5%, to close at $9.06 per share [1] Lawsuit Details - The class action lawsuit alleges that the company made materially false and misleading statements regarding its business operations and financial health [1] - Specific allegations include overstating inventory management capabilities, retail demand, and the adequacy of systems for accurate disclosures [1] - Investors who purchased securities during the Class Period are encouraged to file a lead plaintiff motion by May 11, 2026 [1]
Driven Brands Holdings Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and 39% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
Businesswire· 2026-03-12 14:55
Core Points - Driven Brands Holdings Inc. is facing a securities fraud class action lawsuit due to erroneous financial statements that led to a 39% decline in stock price [1] - The lawsuit is based on allegations that the company and its executives failed to disclose material information during the class period from May 9, 2023, to February 24, 2026 [1] - The company disclosed on February 25, 2026, that it identified at least seven categories of material errors in its financial statements for fiscal years 2023 and 2024, necessitating a restatement [1] Legal Context - Investors who suffered substantial losses have until May 8, 2026, to file lead plaintiff applications in the class action lawsuit against Driven Brands [1] - The case is currently pending in the United States District Court for the Southern District of New York, under the title Clark v. Driven Brands Holdings Inc., et al. [1] - Kahn Swick & Foti, LLC is representing the investors and is recognized as a leading firm in securities litigation [1]
Law Offices of Howard G. Smith Encourages Driven Brands Holdings Inc. (DRVN) Shareholders to Inquire About Securities Fraud Class Action
Businesswire· 2026-03-11 23:27
Core Viewpoint - A class action lawsuit has been filed against Driven Brands Holdings Inc. (DRVN) for securities fraud, following the company's disclosure of material errors in its financial statements, leading to a significant drop in stock price [1] Summary by Relevant Sections Company Overview - Driven Brands Holdings Inc. is facing legal action due to alleged securities fraud, with a class action lawsuit initiated for investors who purchased shares between May 9, 2023, and February 24, 2026 [1] Financial Disclosures - On February 25, 2025, Driven Brands revealed material errors in its consolidated financial statements dating back to 2023, necessitating a restatement of these financials [1] - The company identified at least ten categories of errors, including inappropriate revenue recognition, unreconciled cash account differences, and overstatement of expenses [1] Stock Performance - Following the announcement of these errors, Driven Brands' stock price fell by $5.01, or 30.2%, closing at $11.60 per share on February 25, 2026, which adversely affected investors [1] Allegations in the Lawsuit - The lawsuit alleges that the defendants made materially false and misleading statements and failed to disclose adverse facts about the company's operations and prospects [1] - Specific allegations include errors in lease accounting, cash balance reporting, and improper revenue recognition in the company's ATI business [1]
Law Offices of Howard G. Smith Encourages Camping World Holdings, Inc. (CWH) Shareholders to Inquire About Securities Fraud Class Action
Businesswire· 2026-03-11 18:36
Core Viewpoint - A class action lawsuit has been filed against Camping World Holdings, Inc. (CWH) for securities fraud, affecting investors who purchased shares between April 29, 2025, and February 24, 2026, with a deadline for filing a lead plaintiff motion set for May 11, 2026 [1] Financial Performance - Camping World reported a decrease in new vehicle revenue by $58.1 million, or 7.0%, for Q3 2025, with the average selling price of new vehicles down by 8.6% and total gross margin decreasing by 27 basis points [1] - For Q4 2025, the company reported a net loss of $(109.1) million, an increase of $49.6 million, or 83.3%, and adjusted EBITDA of $(26.2) million, a decline of $23.7 million [1] - Gross profit for Q4 2025 was $338.2 million, down by $38.7 million, or 10.3%, with total gross margin at 28.8%, a decrease of 247 basis points [1] Stock Performance - Following the Q3 2025 results announcement, Camping World's stock fell by $4.17, or 24.8%, closing at $12.65 per share [1] - After the Q4 2025 results were released, the stock price dropped by $1.79, or 16.5%, to close at $9.06 per share [1] Allegations in the Lawsuit - The lawsuit alleges that the company made materially false and misleading statements regarding its business operations and prospects, including overstating its inventory management capabilities and retail demand [1] - It is claimed that the company failed to disclose the need for strict inventory management, which negatively impacted gross profit and margins, and that inadequate systems prevented accurate disclosures about its financial health [1]
Deadline Alert: Eos Energy Enterprises (EOSE) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Businesswire· 2026-03-11 17:13
Core Viewpoint - Eos Energy Enterprises (EOSE) is facing a class action lawsuit due to significant revenue shortfalls and misleading statements regarding its production capabilities, leading to a substantial drop in stock price [1]. Financial Performance - Eos Energy reported full year 2025 revenue of $114.2 million, which was significantly below the previously issued guidance of $150 to $160 million [1]. - The company's stock price fell by $4.39, or 39.4%, closing at $6.74 per share on February 26, 2026, following the announcement of its financial results [1]. Production Issues - Management cited that battery line downtime was well above industry norms, contributing to the revenue shortfall [1]. - The company experienced delays in achieving quality targets for its automated bipolar production, which further impacted its operational efficiency [1]. - Eos Energy disclosed inefficiencies that resulted in longer end-to-end production times, indicating systemic issues within its production processes [1]. Legal Proceedings - A class action lawsuit has been filed on behalf of investors who purchased Eos Energy securities between November 5, 2025, and February 26, 2026 [1]. - The lawsuit alleges that the company made materially false and misleading statements and failed to disclose adverse facts about its business and operations [1]. - Investors are urged to contact Glancy Prongay Wolke & Rotter LLP to potentially pursue claims to recover losses under federal securities laws [1].
CWH CLASS ACTION NOTICE: Glancy Prongay Wolke & Rotter LLP Files Securities Fraud Lawsuit On Behalf Of Camping World Holdings, Inc. Investors
Businesswire· 2026-03-11 16:53
Core Viewpoint - Glancy Prongay Wolke & Rotter LLP has filed a class action lawsuit against Camping World Holdings, Inc. on behalf of investors who purchased securities between April 29, 2025, and February 24, 2026, alleging securities fraud due to misleading statements and failure to disclose adverse facts about the company's business and operations [1]. Financial Performance - On October 28, 2025, Camping World reported a decrease in new vehicle revenue by $58.1 million, or 7.0%, and an 8.6% drop in the average selling price of new vehicles, alongside a total gross margin decrease of 27 basis points [1]. - The company projected a "consecutive year of Adjusted EBITDA growth" starting in the low $300 million range [1]. - Following the Q3 results announcement, Camping World's stock fell by $4.17, or 24.8%, closing at $12.65 per share on October 29, 2025 [1]. - On February 24, 2026, the company reported a net loss of $(109.1) million for Q4 2025, an increase of $49.6 million, or 83.3%, and an adjusted EBITDA loss of $(26.2) million, an increase of $23.7 million [1]. - The gross profit for Q4 2025 was $338.2 million, a decrease of $38.7 million, or 10.3%, with a total gross margin of 28.8%, down 247 basis points [1]. - Following the Q4 results, the stock price dropped by $1.79, or 16.5%, closing at $9.06 per share on February 25, 2026 [1]. Allegations in the Lawsuit - The lawsuit claims that the defendants made materially false and misleading statements and failed to disclose critical adverse facts about the company's operations and prospects [1]. - Specific allegations include overstating the company's ability to manage inventory and consumer demand, which led to the need for strict inventory management objectives negatively impacting gross profit and margins [1]. - The complaint also highlights inadequate systems and processes that prevented accurate disclosures regarding the company's financial health and management of expenses [1].
Law Offices of Frank R. Cruz Encourages Camping World Holdings, Inc. (CWH) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-03-11 16:05
Core Viewpoint - A class action lawsuit has been filed against Camping World Holdings, Inc. (CWH) for securities fraud, affecting shareholders who acquired securities between April 29, 2025, and February 24, 2026 [1] Financial Performance - On October 28, 2025, Camping World reported a decrease in new vehicle revenue by $58.1 million, or 7.0%, and an 8.6% drop in the average selling price of new vehicles [1] - The company announced a net loss of $(109.1) million for Q4 2025, an increase of $49.6 million, or 83.3%, compared to the previous year [1] - Adjusted EBITDA for Q4 2025 was reported at $(26.2) million, a loss increase of $23.7 million [1] - Gross profit decreased by $38.7 million, or 10.3%, with total gross margin at 28.8%, down 247 basis points [1] Stock Performance - Following the Q3 2025 results announcement, Camping World's stock fell by $4.17, or 24.8%, closing at $12.65 per share [1] - After the Q4 2025 results, the stock price dropped by $1.79, or 16.5%, to close at $9.06 per share [1] Allegations in the Lawsuit - The lawsuit alleges that the company made materially false and misleading statements regarding its business operations and financial health [1] - Specific claims include overstating inventory management capabilities, retail demand, and the adequacy of systems for accurate disclosures [1]
BYND DEADLINE NOTICE: Beyond Meat, Inc. Investors Encouraged to Contact Kirby McInerney LLP By March 24, 2026
Businesswire· 2026-03-11 00:00
Core Viewpoint - Beyond Meat, Inc. is facing a class action lawsuit due to alleged securities fraud, with a deadline for investors to join as lead plaintiffs by March 24, 2026 [1]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased securities between February 27, 2025, and November 11, 2025, alleging that the book value of long-lived assets exceeded their fair value, leading to a likely material non-cash impairment charge [1]. - On October 24, 2025, Beyond Meat announced it expected to record a non-cash impairment charge for Q3 2025, which caused shares to decline by $0.65, or approximately 22.89%, closing at $2.19 [1]. - Following a delay in the earnings announcement on November 3, 2025, shares fell by $0.27, or approximately 16.27%, closing at $1.39 [1]. - The financial results for Q3 2025 revealed a loss from operations of $112.3 million, including a $77.4 million non-cash impairment charge, leading to a further decline in shares by $0.12, or approximately 8.96%, to close at $1.22 on November 11, 2025 [1]. - On November 11, 2025, Beyond Meat disclosed that the total impairment amount of $77.4 million was allocated to property, plant, and equipment, operating lease ROU assets, and prepaid lease costs, resulting in an additional share decline of $0.11, or approximately 8.61%, to close at $1.12 [1]. Group 2: Investor Actions - Investors who suffered losses are encouraged to contact Kirby McInerney LLP to discuss their rights or interests in the class action lawsuit at no cost [1]. - The law firm has a history of successful recoveries in securities litigation, totaling billions of dollars for shareholders [1].
INVESTOR ALERT: Kirby McInerney LLP Files A Securities Class Action Lawsuit Against Camping World Holdings, Inc.
Businesswire· 2026-03-11 00:00
Core Viewpoint - Kirby McInerney LLP has filed a securities class action lawsuit against Camping World Holdings, Inc. on behalf of investors who acquired the company's securities during the specified class period, alleging that the company overstated its inventory management capabilities and consumer demand, leading to significant financial losses for investors [1]. Group 1: Lawsuit Details - The lawsuit is titled Siverd v. Camping World Holdings, Inc. et al., No. 26 Civ. 2710, filed in the United States District Court for the Northern District of Illinois [1]. - Investors who suffered losses on their Camping World investments have until May 11, 2026, to request lead plaintiff appointment [1]. - The allegations include overstating inventory management capabilities, overstating retail demand, and inadequate systems preventing accurate disclosures about the company's financial health [1]. Group 2: Financial Performance - On October 28, 2025, Camping World reported a new vehicle revenue of $766.8 million for Q3 2025, a decrease of $58.1 million, or 7.0% [1]. - The average selling price of new vehicles sold decreased by 8.6%, and the new vehicle gross margin was reported at 12.7%, a decrease of 81 basis points [1]. - For Q4 2025, the company reported a net loss of $(109.1) million, an increase of $49.6 million, or 83.3%, and an adjusted EBITDA of $(26.2) million, an increase of $23.7 million [1]. Group 3: Stock Price Impact - Following the Q3 2025 results announcement, Camping World shares declined by $4.17, or approximately 24.8%, from $16.82 to $12.65 [1]. - After the Q4 2025 results were released, the stock price fell by $1.79, or approximately 16.5%, from $10.85 to $9.06 [1]. Group 4: Management Actions - The company implemented strict inventory management objectives to improve turnover rates, which created gross margin headwinds into 2026 [1]. - Camping World announced it would pause its quarterly cash dividend due to forecasted tax distributions and a focus on reducing net debt leverage [1].