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 up on inventory due to the increased demand for at-home activities. Unfortunately, the company over-bought and was left with warehouses full of unwanted games and toys. Hasbro executives assured investors that these extra toys were actually in anticipation for the 2022 holiday season, but in reality, demand for Hasbro’s products had diminished.

Investors learned the truth in October 2023: the toy giant failed to sell the excess inventory, which remained in warehouses. Executives announced a one-time, $55 million expenditure to aggressively market and apply heavy discounts to the merchandise.

Stunned investors quickly sold off their Hasbro shares, cause the stock’s price to freefall. Now, some of those shareholders are signing up for the class action lawsuit.

Join the Lawsuit.

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 just two days.  Now angry shareholders have filed a class action lawsuit against the bank, adding to the Company’s legal woes.  

According to that lawsuit, throughout much of 2024, Toronto-Dominion’s executives issued remarks reassuring investors about the Company’s ability to comply with U.S. anti-money laundering laws.  Even after the bank became the target of a U.S. government probe, executives downplayed the likelihood of a major fine and told investors that the company would continue to do business as usual.  In reality, those executives knew the U.S. Government was likely to hit Toronto-Dominion with massive fines and force the bank to restructure.

Investors learned the truth in October when Toronto-Dominion issued a press release announcing its settlement with the U.S. government.  The bank paid over three billion dollars in fines, and the government capped Toronto-Dominion’s total assets, forcing the bank to restructure its balance sheet and reduce its total assets by 10%.  

When investors discovered this settlement, they quickly offloaded their shares.  Some of those upset investors are now signing up for the class action lawsuit in hopes of recovering their lost investment.

Join the Lawsuit.

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 reported that Chipotle’s portion sizes were inconsistent or meager.  The chain denied the allegations while also implementing efforts to ensure their meals had more heft. 

Investors were stunned when the Company released its earnings report in October 2024.  After implementing consistent portion sizes, Chipotle’s costs skyrocketed, causing revenues to go sour.  When investors discovered the truth – that Chipotle couldn’t be profitable while also filling up customers’ plates – they dumped their shares, causing the stock price to plummet. 

Shareholders are now joining the class action lawsuit. 

Join the Lawsuit.

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, which dropped 15% in one day. Some of those investors recently filed a class action lawsuit in hopes of recovering their losses.

According to the lawsuit, in 2023 Iris issued a press release announcing it was opening new, high-powered data processing centers, shifting its focus from cryptocurrency mining. Public statements also emphasized these centers’ cooling efficiency, which is important because high-powered computing uses a great deal of energy. In reality, Iris’ executives knew this new site was ill-equipped for use as a data center and that the cooling systems were sub-par. Despite that knowledge, Iris’ executives fraudulently allowed these over-the-top promises to be published anyhow.

The truth came to light when Culper Research published a disturbing report revealing that Iris had severely oversold its abilities, particularly at its Texas site in Childress County. After this report came out, shocked investors dumped their shares, causing Iris’ price to plummet.

Some of those angry shareholders are now joining the class-action lawsuit.

Join the Lawsuit.

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 lawsuit against the Company in hopes of recovering some of their “green.”

WM is an online cannabis marketplace.  In its quarterly SEC reports, WM includes metrics for its monthly active users and paying clients.   Between 2021 and 2022, the Company’s quarterly reports showed it regularly increased those key figures.  But, according to the lawsuit, WM’s executives should have known those numbers were fraudulent and the result of misleading and deceptive accounting practices. 

The truth came to light in 2022 when the Company filed an SEC report revealing that an internal whistleblower had called out WM’s bogus method for counting active users and clients.  Then, in 2024 the SEC filed litigation against the company and its executives, based in part on those allegations.

Investors quickly sold off their shares after learning this news, causing WM’s share price to plummet.  Some of those investors are now signing up for the class action lawsuit.

Join the Lawsuit.

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 recover their losses.

In early 2024, UPS issued a press release announcing its financial results.  The Company said that while it anticipated challenges and flat growth early in the year, it expected 10% margins by year’s end.   In reality, Company executives used faulty assumptions and bad data when issuing these overly ambitious and bogus projections.

Investors learned the truth in July when UPS issued a press release announcing its quarterly financial results.  The report revealed that earnings had crashed, which resulted in UPS slashing its previously ambitious financial targets.    Investors quickly dumped their shares after this news, causing UPS’s share price to tumble.  Upset investors affected by this nosedive are now signing up for the lawsuit. 

Join the 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 quarterly financial reports detailing the Company’s assets and liabilities.   According to that lawsuit, on each of those reports, Paragon executives affirmed that the Company maintained effective control over financial reporting.   In reality, investors say, Paragon’s executives knew they lacked control over the Company and that as a result, there were major problems in the Company’s financial reports, including discrepancies of millions of dollars in costs and inventory.

The truth came out in 2024 when the Company filed a report with the SEC stating that investors should not rely on the Company’s previous financial reports because they were fraudulent.  Shareholders are now signing up for the lawsuit to recover some of their losses.

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 one day.  Angry shareholders recently filed a class-action lawsuit hoping to recover some of their losses.

According to that lawsuit, iLearning Engines frequently published overwhelmingly positive statements about the company’s revenue and expenses, attributing much of this success to their “Technology Partner.”  These reports failed to disclose this technology partner was a related party that iLearning Engines used to fake its revenue and expenses.  In reality, iLearning’s revenue was 99% less than what was reported on its financial statements, with the vast majority of its revenue being fraudulently claimed through this related entity. Investors allege that executives failed to exercise proper control over iLearning’s financials, which allowed for this fraud to occur.

Investors learned the truth in August 2024, when Hindenburg Research published “iLearning Engines: An Artificial Intelligence SPAC with Artificial Partners and Artificial Revenue” and quickly sold off iLearning stock.  Affected investors are now signing up for the class action lawsuit.

Join the Lawsuit.

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, Terran won a major, multi-billion dollar contract. Company executives assured investors the Terran had adequate cash reserves and resources to fund the contract. In reality, company executives knew Terran was cash-strapped, unable to fulfill the order, and thus unlikely to profit on this contract.

In April 2024, defense industry giant Lockheed Martin offered to buy out Terran at one dollar per share, but soon withdrew the offer. Terran later announced that it was short on cash and removed the major contract from its backlog, slashing the Company’s outstanding contracts by almost 90%.

Following this disappointing news, Terran announced that Lockheed had renewed its offer – this time at forty cents per share. The next day, Terran announced its final deal with Lockheed, which valued Terran at just twenty-five cents per share. Investors reacted negatively and Terran shares crashed 39% overnight. Some investors are now signing up for the class-action lawsuit in hopes of recouping their losses.

Join the Lawsuit.

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 against the company, hoping to recover some of their losses. According to the lawsuit, Elanco published ambitious statements about the release date for Zenrelia and Credelia Quattro, two prescription drugs for dogs. The pharmaceuticals were meant to be released in the first half of 2024. However, after being backed up several times, the release date was delayed the fourth quarter of 2024. Further, the Company revealed that Zenrelia would be released with a boxed safety warning because the drug showed safety problems, and executives expected this warning to slow the drug’s profitability. Investors were shocked when they about learned of these problems in a June 2024 press release. Investors quickly sold off their shares, causing Elanco stock to drop more than 20% overnight. Shareholders are now joining the class action lawsuit in hopes of recovering some of their lost money.

Join the Lawsuit.

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 the lawsuit, in late 2023, Bumble executives announced the app’s higher-priced Premium Plus subscription feature, suggesting that it would be a strong selling point for Bumble users. Bumble’s executives also indicated that they expected increased revenue in 2024, driven in part by Premium Plus. Investors and analysts learned the truth when Bumble later issued a press release announcing disappointing financial results and that users weren’t attracted to Premium Plus. The Company went on to post losses for three quarters in a row, until disgusted investors finally bailed, prompting the August sell-off. Shocked investors are now signing up for the class action lawsuit in hopes of recovering some of their losses.

Join the Lawsuit.

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 stating that the pizza giant expected to open 1100 stores globally by 2028. They also suggested that the Company was on track for sales and income growth. Executives failed to tell investors and analysts that, at the time of that guidance, Domino's was already experiencing major challenges with respect to store closings and was likely to miss its previously issued financial guidance. Investors got served a piping hot slice of the truth in 2024 when Domino's issued a press release stating that the Company had “suspended” its goal of eleven hundred store openings. Domino's also announced some store closures internationally. Analysts and investors reacted negatively to that news, and aggrieved investors are now signing up for the class action lawsuit.

Join the Lawsuit.

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 learned these projections were just hot air, New Fortress stock plummeted 23% overnight, prompting investors to file suit. 

According to that lawsuit, in February 2024, New Fortress executives issued a press release describing the Company’s financial position.  In that release, the Company suggested it was nearing completion of key projections in Brazil and Puerto Rico and was close to winning a major project in Mexico.  The Company also suggested it was on track to double key financial metrics such as revenue in 2024, but investors allege that executives made these statements while concealing negative facts about these projects’ viability and timetables.

The truth emerged later that year, when New Fortress issued a press release revealing that earnings had slowed to a trickle and slashed its guidance for the second half of the year.  In particular, it announced delays for the Brazil, Puerto Rico, and Mexico projects, all of which would harmed company profits.  

Shares cratered overnight following this news, and shareholders who lost money on that drop are now joining the lawsuit.

Join the Lawsuit.

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 their losses. 

In late 2023, STM executives provided investors and analysts with a glowing financial update.  Executives played up the Company’s strong margins and revenues, supposedly driven by strong automotive and communications segments.   In reality, Company executives knew demand for STM products was declining and causing revenues and margins to shrink too.

Investors and analysts were stunned when, in April 2024, STM executives revealed the truth: shaky automotive and communications segments caused STM’s margins and revenues to shrink, and overall sales declined almost 20% from the prior year.

After this revelation, investors lost confidence and began dumping STM stock and signing up for the class action lawsuit that was later filed.

Join the Lawsuit.

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. These investors have filed a class action lawsuit.

According to aggrieved investors, in late 2023, Starbucks’ executives gave investors a positive outlook for the company’s Reinvention Strategy, which included revising the coffee chain’s rewards programs, opening more stores internationally, and a positive financial outlook for U.S. stores. The buzz was short-lived. Just six months later, the Company issued a press release showing dismal financial results and declining global sales.

After learning the truth, investors quickly dumped Starbucks shares, causing the stock to lose 15% of its value overnight. Shareholders are now pursuing a class-action lawsuit to recoup some of their losses.

Join the Lawsuit.

A company without a leadership team loses its nerve, and when orthopedics manufacturer Orthofix botched its merger with SeaSpine, the Company lost its nerve, most of its board, and 30% of its share price.

When Orthofix announced its merger with SeaSpine, another orthopedics company, Orthofix gave investors an excellent prognosis, suggesting there was a great culture fit between the two companies. Instead, less than a year after the deal, Orthofix had to remove the new executives due to offensive and problematic conduct. Shockingly, Orthofix did not announce replacement officers, leaving an open wound in the Company’s leadership team.

Although Orthofix said these firings wouldn’t affect financial results, investors and analysts were horrified by the executives’ crass conduct and the company’s lack of transparency. Orthofix’s stock price plummeted, and investors were quick to file a lawsuit. Affected investors are now signing up for that class action in the hopes of recouping some of their losses.

Join the Lawsuit.

After shares in Super Micro Computer, Inc. fell 21% overnight in August, 2024, shareholders waved the red flag and filed a class action lawsuit against the company.

SMCI makes and develops various computing technologies. For years, the Company consistently issued glowing financial projections to investors. Those statements short-circuited when, in August 2024, a short seller report alerted the public that SMCI was engaged in self-dealing, had various accounting irregularities in its books, and its patents might have technical problems. Additionally, investors learned SMCI might be running afoul of U.S. export laws, putting the Company at risk of government sanctions.

Investors and analysts expressed shock at the short seller report findings, and investors pulled the plug on SMCI shares, causing many shareholders to suffer financial losses. These shareholders are now joining the recently filed class action lawsuit.

Join the Lawsuit.

Spire Global, Inc. shareholders recently filed a lawsuit against the satellite data and analytics company when Spire’s sky-high projections ended in a financial crash-landing. After Spire’s executives revealed that the Company was using dodgy data and analytics to make financial projections, Spire’s shares plummeted 33% overnight, causing heavy losses for shareholders.

According to the recently filed lawsuit, throughout much of 2024, Spire’s executives communicated to investors and analysts that the Company’s revenue and profits were improving. Executives also told investors they expected continued growth throughout 2024 from a number of contracts and projects Spire had won.

In August 2024, investors learned the truth when the Company issued a press release updating its financial projections. Investors and analysts were horrified to learn that the over-the-moon projections were, in reality, due to unusual accounting practices and other mismanagement. Investors quickly dumped the stock, causing its price to crash.

Those shareholders are now suing Spire in hopes of recouping some of their losses.

Join the Lawsuit.

Verve Therapeutics, Inc. broke investors’ hearts when its clinical trials of a novel drug flatlined.  Now investors are returning the heartache, filing a class action lawsuit alleging that Verve executives knowingly misrepresented various aspects of the clinical trials.

Verve Therapeutics is a genetic medicine company specializing in cardiovascular care.  In 2022, Verve announced the “Heart 1” clinical trials for VERVE-101, a novel drug designed to reduce LDL cholesterol.  The Company also touted the superiority of its propriety delivery system for VERVE-101.

According to the lawsuit, when Company executives described the Heart-1 study to investors and analysts, they didn’t announce the low threshold for calling off the whole study.  Investors claim that executives had long-standing, undisclosed reservations about the delivery system’s effectiveness and always knew they’d pull the plug on the program after any single adverse event.

In 2024, Investors learned the truth when the Company released a press release announcing that Verve had halted the Heart-1 trial due to a single adverse event.  Shocked investors dumped Verve stock, causing it to lose 35% of its value overnight.  Aggrieved investors are now joining the class-action lawsuit hoping to recoup some of their losses.

Join the Lawsuit.

If you enjoy receiving unsolicited marketing calls and emails, you can thank your friends at ZoomInfo Technologies. This software and data company’s principal product is a data platform that provides customer contact and business information to sales and marketing teams. It may annoy consumers, but it’s good business- or it at least it was until ZoomInfo stocked declined by ninety percent. Now it’s not just consumers who are angry, it’s shareholders too, and they’ve filed a lawsuit.

The lawsuit claims that the positive effect COVID-19 had on ZoomInfo’s growth was short lived, and large portions of ZoomInfo’s customer base were trying to lower their usage or abandon the product altogether. ZoomInfo used a bevy of unethical tactics to retain customers including manipulative and coercive auto-renew policies and threats of litigation, and these tactics had materially damaged the Company’s customer relationships, client franchise, and competitive advantages.

Find out if you're included by clicking here.

DexCom, Inc. develops, manufactures, and distributes continuous glucose monitoring systems for diabetes management. In the United States, about eleven percent of the population has diabetes, so DexCom seemed like a solid investment to many. That is, until July 2024, when DexCom announced disappointing financial results, and its stock price plummeted over 40 percent. Now shareholders claim that their losses aren’t just a disappointment, they’re the result of fraud.

Join the lawsuit.

Advances in biotechnology can have amazing results for patients, but bringing a drug to market can be a risky business for companies and investors. And the risks don’t end once a therapy is on the market, as investors in Ardelyx, Inc. learned when they lost over thirty percent of their investments. These shareholders claim that their losses aren’t the result of risky investing but of fraud by Ardelyx. Any shareholder who incurred a loss due to Ardelyx’s alleged misconduct can join the recently-filed lawsuit. 

Stellantis designs, engineers, manufactures, distributes, and sells such well-known vehicle brands as Maserati, Alfa Romeo, Jeep, Dodge, Ram, Chrysler, Fiat, Peugeot, and Vauxhall, but shareholders claim they were sold a lemon. The wheels came off in July 2024, when Stellantis announced its first half 2024 financial results, which included a fourteen percent drop in net revenues and a whopping forty-eight percent drop in net profits. Analysts and the market reacted quickly, and the price of Stellantis’ common stock declined dramatically. Shareholders have filed a class action lawsuit seeking damages for the money they lost as a result of Stellantis’ misinformation. See more here. 

The internet has been having a good laugh at the expense of shopping platform Temu nearly since its inception, and memes abound comparing advertising photos to the unrecognizable products that customers actually received. But one corner of the internet isn’t laughing- the investors in PPD Holdings Inc., the company that owns Temu. They say that the Company’s SEC filings are as misleading as Temu’s product photos, and they’ve filed a securities fraud lawsuit about it.

If you were affected by the recent stock drop, you can join the lawsuit here.

When Symbotic published their third quarter results, investors’ hopes crashed along with the Company’s stock price. Symbotic’s third quarter earnings before interest, taxes, depreciation, and amortization had been reduced more than forty-six percent. New shareholders are signing up every day for a recently filed class action lawsuit in the hopes of recovering some of what they lost.

Learn more and join the lawsuit here.

Nano Nuclear Energy, Inc., or “NNE”, brands itself as an early-stage nuclear energy company, but shareholders have branded the company a massive fraud and filed a class action lawsuit. If you think you have been affected, sign up to join the lawsuit.