News Board

Chipotle’s feeling the heat after media reports criticized the Mexican food chain’s skimpy portion sizes.  When hungry customers’ allegations caused the chain’s bottom line to plummet, investors responded by tossing out their shares.  Some of those shareholders have now filed a class action lawsuit against the company. In mid-2024, Fox Business and other media outlets...Read more

Investors have chilly feelings about Iris Energy Limited after the bitcoin mining operation recently lost big. While Iris sold investors on hopes of a high-power computing facility, in reality, investors got left in the dark when that computing facility had inadequate facilities to get the job done. Aggrieved investors pulled the plug on Iris stock,...Read more

WM Technologies gave investors a high when the Company published overly rosy numbers on the Company’s financial reports.  But those figures went up in smoke after the SEC announced an investigation of the cannabis company’s fraudulent financials.  Angry investors quickly dumped their shares, causing the stock to tumble.  Those investors have now filed a class-action...Read more

Delivery giant UPS dropped the package and shattered investors’ hopes when it missed its own financial projections.  While the Company suggested it was on track for improved revenues and profitability in the second half of 2024, actual earnings proved lackluster.   UPS’s stock price quickly plummeted, prompting some shareholders to file a class action lawsuit to...Read more

Foot and ankle orthopedic manufacturer Paragon 28 tripped up when it issued financial statements that seriously misled investors about  costs and inventory levels.  When investors learned the truth about these accounting practices, Paragon shares fell 20% overnight.  Some shareholders have now filed a class-action lawsuit against the Company to recoup their losses.  Paragon repeatedly released...Read more

Investors in artificial intelligence company iLearning Engines were shocked to discover that the company’s financial statements were artificial too.  A recent Hindenburg report revealed that most of company’s revenue was largely fake, making the company’s financial statements unreliable.  Following this news, investors pulled the plug on the stock, causing stock price to plummet 35% in...Read more

Share prices for satellite manufacturer Terran Orbital crash-landed after its recent acquisition by Lockeed Martin. Investors allege that while Lockheed originally offered a sky-high price for Terran shares, when the final deal price was in the dirt. Angry shareholders are now suing Terran to recoup their losses. According to the class action lawsuit, in 2023,...Read more

Investors are barking mad at Elanco Animal Health after it botched the rollout of two new canine drugs, Zenrelia and Credelia Quattro. Elanco repeatedly pushed back the rollout date for both drugs, and Zenrelia proved less safe than initially thought. After investors learned the truth, Elanco stock plummeted. Angry investors recently filed a class-action lawsuit...Read more

Dating app Bumble tries to help its users find love, but investors dumped the stock, which plummeted 29% in August. This messy break-up followed an announcement that Bumble had fumbled the roll-out of its Premium Plus product and a report of bleak financial results. Those investors have now filed a lawsuit against Bumble. According to...Read more

Domino’s Pizza burned investors when it recently botched its long-term financial guidance. As a result, investors dumped the stock, causing share price to plummet almost 14% overnight. Investors singed by the drop have now filed a class action to recoup some of their lost “dough.” According to that lawsuit, in 2023, Domino’s executives issued guidance...Read more

Natural gas company New Fortress Energy is facing a class action lawsuit filed by investors who claim the Company delivered nothing but a well of empty promises. In early 2024, New Fortress executives issued a gushing annual fiscal outlook which suggested the Company would double key financial metrics and close out key projects.  When investors...Read more

On September 13, 2024, Donald J. Enright delivered plaintiff’s oral argument against Defendants’ motions to dismiss in Turnbull v. Klein, et al., C.A. No. 2023-1125-SG in the Delaware Court of Chancery in Georgetown, Delaware. Following the argument, Vice Chancellor Samuel Glasscock III summed up his feelings about the argument, noting: “Mr. Enright, the way you...Read more

Beaumont v. Paucek, et al., 8:24-cv-01723-DLB is a lawsuit currently pending in the United States District Court for the District of Maryland. The action was filed on behalf of investors in 2U, Inc. (NASDAQ: TWOU) who allegedly suffered losses due to securities fraud by the company. On September 13, 2024, District Judge Deborah L. Boardman...Read more

STMicroelectronics is a global semiconductor company, so management should know the importance of precision and getting things right.  But when STM recently botched the job on its financial outlook and got the numbers all wrong, its share price lost 15% just in one day.  Shareholders are now suing the company in an attempt to recoup...Read more

Starbucks got the order wrong when it revamped its rewards program and global success plan. While the Company told investors these strategies were piping hot, investors were left in the cold when these plans proved to be stale. Investors say executives made baseless claims about the Company’s financial outlook using bad data and unfounded optimism....Read more