Faruqi & Faruqi, LLP, a leading securities law firm, is investigating potential claims against iLearningEngines, Inc. after Hindenburg Research alleged the company inflated its revenue through undisclosed related party transactions. Investors who suffered losses exceeding $75,000 are encouraged to contact the firm to discuss their legal options.
Faruqi & Faruqi, LLP, a leading securities law firm, is investigating potential claims against Spire Global, Inc. (SPIR) for alleged misstatements about its revenue recognition practices. The firm encourages investors who suffered losses exceeding $75,000 to contact them.
Faruqi & Faruqi, LLP, a national securities law firm, is investigating potential claims against PDD Holdings Inc. (formerly known as Pinduoduo Inc.) for alleged securities fraud. The firm is seeking investors who lost over $100,000 in PDD between April 30, 2021, and June 25, 2024, to join a class action lawsuit. The lawsuit alleges that PDD misled investors about its business practices, including the presence of malware in its apps and the sale of products made by forced labor.
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Extreme Networks, Inc. for alleged misleading statements about its business performance, particularly concerning backlog orders and revenue projections. Investors who suffered losses exceeding $100,000 in Extreme Networks between July 27, 2022 and January 30, 2024 are encouraged to contact the firm to discuss their options.
Icahn Enterprises stock climbed higher on Tuesday following a 14% jump the previous day. The boost came after a U.S. District Court judge dismissed a class action lawsuit against the company, finding that the claims made by short seller Hindenburg Research lacked merit. This positive news comes on the heels of a settlement with the SEC regarding disclosures about Icahn’s personal margin loans.
The Hershey Company is facing a class action lawsuit alleging misleading packaging for Reese’s peanut butter candies. Hershey has requested dismissal of the suit, calling it baseless and arguing that consumers were not misled about the product’s quality or taste. The plaintiffs are seeking $5 million in damages.
American Airlines investors who purchased the company’s securities between July 20, 2023, and May 28, 2024, have until September 16th to file lead plaintiff applications in class action lawsuits alleging the company withheld important information, resulting in a significant stock price drop. The lawsuits stem from American Airlines’ announcement of the termination of its Chief Commercial Officer and a downward revision of its short-term guidance.
Faruqi & Faruqi, LLP, a national securities law firm, is investigating potential claims against Endava plc (DAVA) and reminds investors of the October 25, 2024 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit. The lawsuit alleges that Endava misled investors about its business performance, causing significant stock price declines. Investors who suffered losses exceeding $100,000 are encouraged to contact Faruqi & Faruqi.
Faruqi & Faruqi, LLP, a leading securities law firm, is investigating potential claims against Super Micro Computer, Inc. (SMCI) following a short report by Hindenburg Research alleging accounting irregularities, undisclosed related party transactions, and sanctions and control failures. The firm encourages investors who suffered losses exceeding $100,000 to contact them to discuss their legal options.
Shares of Wheeler Real Estate Investment Trust (WHLR) surged over 120% on Friday after the company secured a victory in a class action lawsuit. The Fourth Circuit Court of Appeals upheld a lower court’s decision dismissing a lawsuit filed against the company and its affiliate, Cedar Realty Trust, by holders of Cedar’s preferred stock. The positive outcome has investors optimistic about Wheeler’s future.
