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Celsius Holdings Execs Cash Out and Shareholders Lose Big
Celsius Holdings, Inc. gave investors the wrong sort of buzz after executives revealed sales were down over $100 million. Stunned investors emptied out their shares, causing Celsius’ stock price to plummet almost 12%. Angry investors are now suing the company to recover their losses. Celsius, a popular energy drink brand, formed a distribution alliance with...Read more
December 20, 2024
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Lead Plaintiffs Appointed in Teladoc Health, Inc. Shareholder Litigation
On December 10,2024, Judge Kenneth M. Karas, United States District Judge in the United States District Court for the Southern District of New York, signed an order consolidating two class actions filed on behalf of shareholders of Teladoc Health, Inc. who were harmed by alleged securities fraud. The consolidated case is captioned Stary v. Teladoc,...Read more
December 19, 2024
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Lawsuit Filed After Warner Bros.' Negotiations with the NBA Run Long
When entertainment giant Warner Bros. Discovery, Inc. recently announced that it had taken a $10 billion, investors weren’t amused. Shareholders quickly dumped their stock, causing Warner Bros.’ stock price to tumble 9% overnight. Some of those shareholders have now filed a lawsuit against the company. In February, Warner Bros. announced that it was renegotiating its...Read more
December 18, 2024
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Short Seller Report on Zeta Global Holdings, Lawsuit Follows
Investors in Zeta Global Holdings quickly dumped their shares after a recent short seller report made shocking allegations against the digital marketing company. After Zeta’s stock price plummeted 37% overnight, some of Zeta’s investors filed a class action lawsuit to recover their losses. Zeta is a digital marketing company that holds data about over 240...Read more
December 18, 2024
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Aehr Test Systems, Inc. Shareholders Sue
Aehr Test Systems, Inc. short-circuited investors’ hopes when the semiconductor Company recently slashed its financial projections by millions. Upset investors quickly sold off their Aehr shares, and Aehr’s stock price fell over 22%. Now, shareholders have filed a class action lawsuit against the Company. In late 2023, Aehr issued its 2024 fiscal guidance. Aehr executives...Read more
December 17, 2024
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Lead Plaintiff Appointed in American Airlines Securities Fraud Case
On November 22, 2024, Judge Reed O’Connor, United States District Judge in the United States District Court for the Northern District of Texas, signed an order consolidating recent class actions filed on behalf of shareholders of American Airlines Group Inc. who were harmed by alleged securities fraud. The consolidated case is captioned In re American...Read more
December 16, 2024
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Export Regulations Lead to Slashed Sales Targets for ASML Holdings
Dutch semiconductor manufacturer ASML Holding N.V. missed the mark when it assured investors that it was on track for record sales by 2025. So, when investors learned sales had short-circuited and ASML’s projections were off-track, they quickly sold off their stock, causing ASML’s stock price to plummet. Now, some of those shareholders have filed a...Read more
December 13, 2024
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AIXI Delisted, Shareholders Litigate
In July, the NASDAQ delisted Chinese AI company Xiao-I because it had become a junk stock. Now, angry shareholders are suing the tech company to recover some of their lost investment. When Xiao-I launched its initial public offering in 2023, its executives should have known the company had problems. It wasn’t in compliance with Chinese...Read more
December 6, 2024
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Unhappy Holidays for Hasbro Investors
After dismal holiday sales, toy manufacturer Hasbro left investors holding a lump of coal. When investors quickly dumped their shares, Hasbro’s stock plummeted 11% overnight. Some of those angry shareholders have now filed a class action lawsuit against Hasbro hoping to recover their lost investment. During the early stages of the Covid pandemic, Hasbro loaded...Read more
December 5, 2024
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Toronto-Dominion Bank Fined by U.S., Sued by Investors
Investors were shocked when banking giant Toronto-Dominion Bank recently announced a settlement with the U.S. government over failures in the bank’s anti-money laundering systems. The settlement terms not only required Toronto-Dominion to pay a massive fine, but also to restructure its books. Stunned investors dumped their shares, causing Toronto-Dominion’s share price to plummet 10% in...Read more
November 26, 2024
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Meager Portions Leave Chipotle Tightening Its Belt
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
November 22, 2024
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Iris Energy Stock Can't Take the Heat- Lawsuit Follows
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
November 15, 2024
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Cannabis Marketplace Stock Goes Up In Smoke Following SEC Litigation
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
November 14, 2024
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Investors Sue UPS Following Poor Earnings
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
November 13, 2024
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For Paragon 28, Unreliable Reporting Leads to Lawsuit
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
November 12, 2024
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