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Scott+Scott Attorneys at Law LLP Alerts Investors That It Has Begun An Investigation Into Compass Diversified Holdings (NYSE: CODI)
GlobeNewswire News Room· 2025-05-08 22:42
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, is investigating whether Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI) or certain of its officers and directors issued misleading and false statements and/or failed to disclose information material to investors in violation of federal securities laws. CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS POTENTIAL CLASS ACTION Compass owns ...
LegalZoom Reports Strong First Quarter 2025 Financial Results, Reiterates 2025 Guidance of 5% Revenue Growth and Commitment to Profitability Targets
Globenewswire· 2025-05-07 20:01
Core Insights - LegalZoom reported strong first quarter results with a revenue of $183.1 million, reflecting a 5% year-over-year growth, driven by an 8% increase in subscription revenue to $116.3 million [5][6][29] - The company achieved an Adjusted EBITDA of $37.0 million, marking a 33% increase year-over-year, with an Adjusted EBITDA margin of 20% [5][6][34] - LegalZoom reiterated its full-year revenue outlook of 5% year-over-year growth, despite macroeconomic uncertainties [2][5] Financial Performance - First quarter net income was $5.1 million, an 8% increase from the previous year, maintaining a net income margin of 3% [5][6][29] - Non-GAAP net income for the quarter was $23.8 million, up 30% year-over-year, with a Non-GAAP net income margin of 13% [6][34] - Cash and cash equivalents at the end of the quarter totaled $210.0 million, up from $142.1 million at the end of 2024 [5][6][26] Operational Highlights - The company experienced a 20% increase in subscription units year-over-year, indicating successful subscription growth initiatives [5][6][7] - LegalZoom's acquisition of Formation Nation contributed $8.6 million in revenue since the acquisition date [8] - The company announced a $100 million increase in its share repurchase authorization, bringing the total to approximately $150 million [5][8] Key Business Metrics - Transaction revenue was $66.9 million, a 1% increase year-over-year, with transaction units also up by 1% [6][7] - Average revenue per subscription unit (ARPU) decreased by 7% to $252 [7] - Free cash flow for the quarter was $41.3 million, a significant increase of 67% year-over-year [6][37]
TOP RANKED ROSEN LAW FIRM Encourages BigBear.ai Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BBAI
GlobeNewswire News Room· 2025-05-04 21:04
Core Viewpoint - Rosen Law Firm is reminding investors who purchased BigBear.ai Holdings, Inc. securities between March 31, 2022, and March 25, 2025, of the June 10, 2025, deadline to become lead plaintiffs in a class action lawsuit [1] Group 1: Class Action Details - A class action lawsuit has been filed against BigBear.ai, and investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2] - Investors wishing to serve as lead plaintiffs must file with the court by June 10, 2025 [2] Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements for investors, including over $438 million in 2019 and has been ranked highly in securities class action settlements since 2013 [3] Group 3: Case Allegations - The lawsuit alleges that BigBear.ai made false and misleading statements regarding its accounting practices, particularly related to the 2026 Convertible Notes [4] - Specific allegations include deficiencies in accounting review policies, improper accounting for the 2026 Convertible Notes, and the likelihood of needing to restate financial statements [4] - The inaccuracies in financial statements are claimed to have caused investor damages when the true details became public [4]
ROSEN, A TOP RANKED LAW FIRM, Encourages Bakkt Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – BKKT
GlobeNewswire News Room· 2025-05-04 19:33
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bakkt Holdings, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 2, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Bakkt securities between March 25, 2024, and March 17, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 2, 2025 [2]. - The lawsuit alleges that Bakkt made false or misleading statements regarding its crypto services revenue stability, dependence on a single contract with Webull, and its ability to maintain key client relationships, which misled investors [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise in this area [3].
OPEN LENDING ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Open Lending Corporation and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-05-02 01:00
Core Viewpoint - A class action lawsuit has been filed against Open Lending Corporation for allegedly making materially false and misleading statements regarding its business operations and financial performance during the Class Period from February 24, 2022, to March 31, 2025 [1][3]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Texas on behalf of all individuals and entities who purchased Open Lending securities during the specified Class Period [1]. - Investors have until June 30, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against Open Lending - The complaint alleges that Open Lending misrepresented the capabilities of its risk-based pricing models [3]. - It is claimed that the company issued materially misleading statements regarding its profit share revenue [3]. - The lawsuit states that Open Lending failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [3]. - Allegations include misrepresentation of the underperformance of the company's 2023 and 2024 vintage loans [3]. - As a result of these actions, the positive statements made by the defendants about the company's business and prospects were deemed materially misleading and lacked a reasonable basis [3].
TFII DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages TFI International Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TFII
GlobeNewswire News Room· 2025-04-30 21:36
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TFI International Inc. (NYSE: TFII) between April 26, 2024 and February 19, 2025, both dates inclusive (the “Class Period”), of the important May 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased TFI International securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ar ...
Colin Biggers & Paisley selected Intapp Time to modernize timekeeping and compliance practices
Globenewswire· 2025-04-29 13:00
Core Insights - Colin Biggers & Paisley, a leading Australian law firm, has selected Intapp Time to modernize its timekeeping practices, aiming to enhance efficiency and client outcomes [1][2] - The adoption of Intapp Time aligns with the firm's strategy to leverage innovative technology for improved operational efficiency and compliance in the legal market [2][4] Company Strategy - The firm prioritized replacing its legacy timekeeping solution with a cloud-based system to enhance operational efficiency [2][3] - The goal is to provide lawyers with technology that saves time and allows them to focus on high-value client work [3] Technology Features - Intapp Time offers AI-powered data capture, enabling lawyers to record time more accurately and improve efficiency [3][4] - The solution includes configurable templates, seamless integrations with financial systems, and flexible timekeeping methods to simplify processes and increase accuracy [4] Benefits - The modernized timekeeping approach is expected to streamline billing processes, reduce disputes, and enhance client satisfaction, ultimately increasing the firm's revenue [5] - Advanced reporting and dashboards will assist firm leaders in evaluating resources and tracking time against budgets to optimize utilization and profitability [5]
Annual report and financial statements for the year ended 31 December 2024
Globenewswire· 2025-04-29 06:00
Core Viewpoint - Octopus Titan VCT plc reported a disappointing total return of -14.1% for the year ending December 31, 2024, with net assets decreasing to £831 million, primarily due to company-specific performance issues and challenging market conditions [3][4][27]. Financial Summary - Net assets decreased from £993.74 million in 2023 to £831.358 million in 2024 [2]. - Loss after tax for the year was £147.649 million, slightly improved from £149.499 million in the previous year [2]. - NAV per share fell from 62.4p in 2023 to 50.5p in 2024, reflecting a decrease of 8.8p per share [2][3]. - Total value per share decreased from 164.4p in 2023 to 155.6p in 2024 [2][7]. - Total return per share was -8.8p, translating to a total return percentage of -14.1% for the year [2][7]. - Dividends paid in 2024 totaled 3.1p, down from 5.0p in 2023, resulting in a dividend yield of 5.0% [2][13]. Performance Analysis - The decline in NAV was attributed to underperformance of portfolio companies, particularly Pelago, Many Pets, and Big Health, which collectively accounted for about one-third of the total NAV decline [4][48][49]. - The five-year tax-free annual compound return for shareholders is now -3.5%, and since the high watermark at December 31, 2021, the total return per share has decreased by 39.8% [5][27]. - The company utilized £137 million of cash resources during the year, with £30 million allocated to new and follow-on investments [6]. Strategic Review - A strategic review was initiated in September 2024 to address performance challenges and develop a plan for future sustainability and improved performance [10][30]. - The review includes an analysis of historical investment performance, sustainability, future investment strategy, and team structure [10][34]. - The Board is considering feedback from a shareholder survey indicating significant dissatisfaction with past performance and capital growth opportunities [10][71]. Portfolio Management - The portfolio consists of over 135 companies, with 42% not expecting further funding needs, increasing to 67% when including those with more than 12 months' cash runway [29]. - In 2024, Titan completed 8 new investments and 14 follow-on investments totaling £30 million [68]. - The company returned £29 million in cash proceeds from exits during the year, which was below the level achieved in 2023 [28][56]. Governance and Management Changes - Erin Platts was appointed as the new CEO of Octopus Ventures in January 2025, bringing extensive experience from her previous role at HSBC Innovation Banking UK [41][42]. - The Board has acknowledged the turnover in the Octopus Ventures team and is assessing the team structure and culture as part of the ongoing strategic review [23][30].
Landstar System, Inc. ALERT: Securities Fraud Investigation by Block & Leviton Could Allow Investors to Recover Losses
GlobeNewswire News Room· 2025-04-28 19:30
Group 1 - Block & Leviton is investigating Landstar System, Inc. for potential securities law violations following a significant drop in share price [1][2] - Shares of Landstar System, Inc. fell over 3% on April 25 after the company announced a delay in filing its 10-Q and postponement of its earnings release to May 13 due to ongoing evaluation of internal accounting controls and financial reporting related to previous supply chain fraud issues [2] - Investors who have lost money in their Landstar System, Inc. investment are encouraged to contact Block & Leviton for potential recovery options [3][5] Group 2 - Block & Leviton is considering filing an action to recover losses on behalf of investors who have been affected by the company's issues [4] - The firm is recognized as a leading securities class action firm, having recovered billions of dollars for defrauded investors [7] - Whistleblowers with non-public information about Landstar System, Inc. may assist in the investigation and could receive rewards of up to 30% of any successful recovery [6]
值得借鉴的律师成长路径
梧桐树下V· 2025-04-07 09:05
"如何上手律师实务工作、如何快速成长、独立办案?"这大概是每个新人律师都问过自己的问题。 理 想的情况是,进入律所后就有资深律师带教, 跟着师傅拆解案件、逐步成长。 然而事实却是,绝大部分的新手律师都被"放养" : 法律检索3小时仍毫无头绪,带教只会说"再查一遍"; 合同审查总被批"风险点遗漏",却无人解释标准; 跟案时拼命记录,复盘时才发现"法庭交锋的逻辑根本不在笔记上"。 这些让法律新人卡壳的"隐藏知识",却从来没人写进实习手册。 所以我们联系了 6家知名律所的8位资深律师 , 把带教不会提醒的 实务细节全都讲透,汇总成法律新 人的"成长说明书" 。 lines the ◀ 扫码试看课程 资深律师授课:中伦、德恒、国枫等知名律 所导师。 随课赠送:法律工具包 内含: 合同模板/检索清单/尽调报告范例等 DeepSeek入门到精通 常用协议 内容全面系统: 8门课11小时,涵盖工具、 调研、文书 …… 实务技巧精讲: 合同起草、尽调等核心技能 拆解。 案例深度剖析:精选真实案例与行业动态。 资源丰富实用: 配套课件、法律工具包、律 师答疑。 ■ 财务顾问尽职调查所需资料清单.doc 國 尽职调查清单.doc ...