News Board

Investors in Caribou Biosciences were shocked after an analyst report revealed the pharmaceutical firm’s new drug posed safety concerns.  When investors realized they’d been sold snake water, they quickly sold their shares, sending Caribou’s stock price tumbling 25%.  Now, some of those investors are taking legal action to recover their losses. Caribou Biosciences was researching...Read more

Transocean’s stock price sank after it sold two of its rigs for a $630 million loss.   Now, stunned investors are suing the Company to recover some of their damages.  Transocean provides offshore drilling for oil and gas.  Two of its rigs sat idle since mid-2023.  But, Transocean consistently assured investors that the value of its...Read more

On January 6, 2025, Hon. Fernando L. Aenlle-Rocha appointed nationally-recognized securities law firm Levi & Korsinsky, LLP  as lead counsel in a class action lawsuit against Toyota Motor Corp.  In the same order, Judge Aenlle-Rocha appointed Dr. Prafulchandra Patel as lead plaintiff.  In appointing Levi & Korsinsky to lead the case, Judge Aenlle-Rocha wrote “[t]he...Read more

Shocked investors quickly dumped their shares of AstraZeneca after Chinese authorities accused the pharmaceutical giant of insurance fraud.  The sell-off caused AstraZeneca’s stock price to plummet more than 10%, prompting some angry shareholders to file a class-action lawsuit against the Company. In October 2024, AstraZeneca posted an announcement to its Website stating its Chinese branch...Read more

Investors in Capri Holdings were left with an empty bag when the FTC blocked a proposed merger with Tapestry. Angry investors quickly sold their shares, sending Capri’s stock price into freefall. Some of those shareholders are now suing the Company to recover their losses. In 2023, fashion company Capri received a merger offer from a...Read more

MGP Ingredients gave investors a headache after the distiller admitted it hadn’t been truthful about its inventory levels.   When investors learned the Company had higher inventory levels than indicated, investors quickly dumped their shares, causing MGPI’s stock price to plummet 50%.  Now, some of those investors are signing up for a class action lawsuit to...Read more

Investors in Kaspi.Kz (Kaspi) were stunned after a shortseller report made shocking allegations, including violations of international economic sanctions. Stunned investors quickly dropped their shares, sending Kaspi’s stock price down 16%. Now, some of those angry investors are suing the company to recover their losses. Kaspi is a Kazakhstan-based finance company. In 2024, it made...Read more

Investors in Marqueta were stunned when the fintech company announced its profits and revenue were far less than it led investors to expect.  When angry investors rapidly sold off their Marqueta stock, the Company’s stock price dropped over 42% in a day.  Some of those investors are now suing the Company to recover their losses....Read more

Applied Therapeutics is under fire after the FDA issued the pharmaceutical company a warning letter for submitting problematic data.  Shocked investors rapidly dumped their shares, causing the Company’s stock price to plummet.  Some of those investors are now suing the Company to recoup their losses. Applied Therapeutics was investigating govorestat, a drug to treat a...Read more

A class action lawsuit against Seastar Medical Holding Corp. will proceed with Levi & Korsinsky as lead counsel.   On December 27, 2024, Federal Magistrate Judge Timothy O’Hara signed an order consolidating multiple lawsuits against Seastar into a single suit.  The suits allege Seastar deceived investors about aspects of a merger, including an application to...Read more

After investors learned that Cassava Sciences had lied about its clinical trials, they quickly sold off their shares in the pharmaceutical company, sending its stock price crashing 84%.  Now, some of those furious investors are suing the company to recover their losses.  Cassava developed simufilam, a potential Alzheimer treatment.  In February 2024, Cassava announced a...Read more

When Five9, Inc. issued sky-high financial projections, investors’ hopes were in the clouds.  After the Company’s executives slashed those projections just months later, investors dumped their shares, sending Five9’s stock price crashing and triggered a lawsuit by shareholders seeking to recover their losses. Five9 provides software for cloud-based business centers.  In June 2024, the Company’s...Read more

Investors now doubt the integrity of Sun Communities, Inc. after a recent short-seller report made stunning allegations against the Company’s CEO.  Shocked investors have now filed a class action lawsuit against the company. According to the lawsuit, in 2019, Sun Communities’ CEO took a $4 million mortgage from the parents of one of the company’s...Read more

There is a class action lawsuit on behalf of investors in GitLab Inc.(NASDAQ: GTLB) who allegedly suffered losses due to securities fraud by the company currently pending in the United States District Court for the Northern District of California.  The action seeks monetary recovery for a class of shareholders. On December 23, 2024, District Judge...Read more

Holzer v. Bumble Inc., et al., 1:24-cv-01131-RP is a lawsuit currently pending in the United States District Court for the Western District of Texas. The action was filed on behalf of investors in Bumble Inc. (NASDAQ: BMBL) who allegedly suffered losses due to securities fraud by the company. On December 19, 2024, District Judge Robert...Read more