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Deadline Alert: StubHub Holdings, Inc. (STUB) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswire· 2025-11-26 17:52
Core Viewpoint - StubHub Holdings, Inc. is facing a class action lawsuit due to alleged securities fraud related to its initial public offering (IPO) and subsequent financial disclosures, which reportedly misled investors about the company's financial health and operations [1][6]. Group 1: IPO and Financial Performance - StubHub conducted its IPO on September 17, 2025, selling approximately 34 million shares at $23.50 per share [2]. - In the third quarter of 2025, StubHub reported a free cash flow of negative $4.6 million, a 143% decrease from the previous year's positive free cash flow of $10.6 million [3]. - The company's net cash provided by operating activities was $3.8 million, down 69.3% from $12.4 million in the same period the previous year [3]. Group 2: Stock Price Reaction - Following the negative financial results announced on November 13, 2025, StubHub's stock price fell by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025 [4]. - By the time the lawsuit commenced, StubHub's stock was trading as low as $10.31 per share, representing a nearly 56% decline from the IPO price [5]. Group 3: Allegations in the Lawsuit - The class action lawsuit alleges that the Registration Statement was materially false and misleading, failing to disclose significant adverse facts about the company's business and operations [6]. - Specific allegations include undisclosed changes in the timing of payments to vendors, which adversely affected free cash flow, and misleading statements regarding the company's financial health [6].
STUB ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of StubHub Holdings, Inc. Investors
Businesswire· 2025-11-26 01:00
Core Viewpoint - A class action lawsuit has been filed against StubHub Holdings, Inc. by Kirby McInerney LLP on behalf of investors who acquired StubHub securities during its September 2025 IPO, alleging that the company failed to disclose significant financial issues that misled investors [1][2]. Summary by Sections Lawsuit Details - The lawsuit claims that StubHub did not disclose changes in payment timing to vendors, which adversely affected free cash flow, leading to materially misleading financial reports and IPO offering documents [2]. - Investors who suffered losses have until January 23, 2026, to request lead plaintiff appointment [2]. Financial Impact - StubHub reported a negative free cash flow of $4.6 million for Q3 2025, a 143% decrease from the previous year's positive free cash flow of $10.6 million [3]. - Following this earnings report, StubHub's stock price dropped by $3.95, or approximately 21.0%, from $18.82 to $14.87 per share [3]. - By November 24, 2025, StubHub's stock price fell to $12.01, nearly 50% below its IPO price of $23.50 per share [4].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of StubHub
Businesswire· 2025-11-25 22:09
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against StubHub Holdings, Inc. due to allegations of misleading information in the company's registration statement during its IPO on September 17, 2025 [2][4]. Summary by Sections Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in StubHub to contact them for discussing legal options [1]. - The firm is reminding investors of the January 23, 2026 deadline to seek the role of lead plaintiff in a federal securities class action against StubHub [2]. Allegations Against StubHub - The class action complaint alleges that the registration statement was materially false and/or misleading, failing to disclose significant adverse facts about the company's business and operations [4]. - Specific undisclosed issues included changes in payment timing to vendors, which adversely affected free cash flow, leading to misleading reports [4]. Financial Performance - StubHub's IPO priced at $23.50 per share, with approximately 34 million shares sold [4]. - Following the release of third-quarter financial results on November 13, 2025, the company reported a free cash flow of negative $4.6 million, a 143% decrease from the previous year's positive $10.6 million [5]. - The company's net cash provided by operating activities was reported at $3.8 million, a 69.3% decrease from $12.4 million in the prior year [5][6]. Stock Price Impact - After the negative financial news, StubHub's stock price fell by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025 [7]. - By the time of the legal action, the stock was trading as low as $10.31 per share, representing a nearly 56% decline from the IPO price [7].
STUB Investors Have Opportunity to Lead StubHub Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-25 19:55
STUB Investors Have Opportunity to Lead StubHub Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm Share LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against StubHub Holdings, Inc. ("StubHub†or "the Company†) (NYSE: STUB) for violations of the federal securities laws. Investors who purchased the Company's securities pursuant and/or traceable to its initial public offering ("IPO†) conducted o ...
STUB CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit On Behalf Of StubHub Holdings, Inc. Shareholders
Businesswire· 2025-11-25 02:14
Core Viewpoint - Glancy Prongay & Murray LLP has filed a class action lawsuit against StubHub Holdings, Inc. on behalf of shareholders who purchased stock during the company's September 2025 IPO, alleging securities fraud due to misleading statements in the registration statement [1][7]. Company Overview - StubHub conducted its IPO on September 17, 2025, selling approximately 34 million shares of Class A common stock at a price of $23.50 per share [3]. - Following the IPO, StubHub reported negative free cash flow of $4.6 million for Q3 2025, a 143% decrease from the previous year's positive free cash flow of $10.6 million [4]. - The company's net cash provided by operating activities also decreased by 69.3%, from $12.4 million in the previous year to $3.8 million [4]. Stock Performance - After the Q3 2025 financial results were announced, StubHub's stock price fell by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025 [5]. - By the time the lawsuit commenced, StubHub's stock was trading as low as $10.31 per share, representing a nearly 56% decline from the IPO price [6]. Allegations in the Lawsuit - The lawsuit claims that the registration statement was materially false and misleading, failing to disclose significant adverse facts about the company's business and operations [7]. - Specific allegations include undisclosed changes in the timing of payments to vendors, which adversely impacted free cash flow, leading to misleading reports [8].
The Law Offices of Frank R. Cruz Announces Investigation of Western Alliance Bancorporation (WAL) on Behalf of Investors
Businesswire· 2025-11-21 16:40
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Western Alliance Bancorporation regarding possible breaches of fiduciary duties to shareholders [1][2]. Group 1: Investigation Details - The investigation focuses on whether the board of directors grossly mismanaged the company and breached its fiduciary duties to shareholders [2][3]. - Shareholders who purchased Western Alliance shares before October 2025 are encouraged to participate in the investigation [3]. Group 2: Contact Information - Interested shareholders can contact Frank R. Cruz at The Law Offices of Frank R. Cruz for inquiries regarding their rights and interests [3]. - Contact details include a phone number (310-914-5007) and an email address (info@frankcruzlaw.com) [3].
JYD Investors Have Opportunity to Lead Jayud Global Logistics Limited Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-20 23:31
Nov 20, 2025 6:31 PM Eastern Standard Time JYD Investors Have Opportunity to Lead Jayud Global Logistics Limited Securities Fraud Lawsuit with the Schall Law Firm Share LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Jayud Global Logistics Limited ("Jayud†or "the Company†) (NASDAQ: JYD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the ...
BABA Investors Have Opportunity to Join Alibaba Group Holding Limited Fraud Investigation with the Schall Law Firm
Businesswire· 2025-11-20 21:40
Share LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Alibaba Group Holding Limited ("Alibaba†or "the Company†) (NYSE: BABA) for violations of the securities laws. Nov 20, 2025 4:40 PM Eastern Standard Time BABA Investors Have Opportunity to Join Alibaba Group Holding Limited Fraud Investigation with the Schall Law Firm The Schall Law Firm NYSE:BABA Release Summary BABA Investors Have Oppo ...
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
Share Nov 20, 2025 3:50 PM Eastern Standard Time Deadline Approaching: Primo Brands Corporation (PRMB) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming January 12, 2026 deadline to file a lead plaintiff motion in the case filed on behalf of Primo Brands Corporation ("Primo Brands†or the "Company†) (NYSE: PRMB) investors who purchased or otherwise acquired: (1) Primo Water Corporation ...
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].