A class action lawsuit has been filed against American Airlines, alleging that the company misrepresented its financial performance and sales strategy. Investors who purchased American Airlines securities during the class period may be eligible for compensation. The Rosen Law Firm, a leading securities class action law firm, is representing the plaintiffs.
NBA legend Shaquille O’Neal is facing a class-action lawsuit concerning his role in the Astrals NFT project. The lawsuit alleges that O’Neal, who was the face of the project, promoted unregistered securities and abandoned the project after the collapse of FTX, causing significant losses for investors. A U.S. court has partially dismissed the lawsuit but upheld the allegation that Astrals sold unregistered securities, meaning Shaq will still have to defend himself in court.
Faruqi & Faruqi, LLP, a national securities law firm, is investigating potential claims against Lifecore Biomedical, Inc. (LFCR) following a series of financial restatements and delisting warnings. The firm encourages investors who suffered losses exceeding $75,000 to contact them for a discussion of their legal options.
Intel’s CEO and CFO are facing a class-action lawsuit alleging they misled investors about the health of the company’s foundry business. The lawsuit comes after Intel reported a $1.6 billion loss and announced layoffs, raising concerns about the future of its manufacturing operations.
Intel is facing a class action lawsuit due to instability issues plaguing its 13th and 14th Gen Core CPUs. The lawsuit, filed by Abington Cole + Ellery, alleges that the company has failed to adequately address the problem, which affects millions of users. The issue stems from elevated operating voltages caused by a faulty microcode algorithm. Intel is releasing a microcode patch to fix the problem, but the lawsuit seeks compensation for users affected by the instability.
AstraZeneca is facing a class action lawsuit in the UK over claims that its Covishield vaccine caused deaths and severe injuries in several cases. Victims in as many as 51 cases in the UK High Court are seeking damages up to 100 million pounds. AstraZeneca has contested the claims, but admitted in court documents that Covishield can, in very rare cases, cause Thrombosis with Thrombocytopenia Syndrome (TTS), which leads to blood clots and low blood platelet count.
Pharmaceutical giant AstraZeneca has admitted that its Covid-19 vaccine can cause a rare side effect known as Thrombosis with Thrombocytopenia Syndrome (TTS). The admission was made in court documents for the first time since the vaccine was rolled out. The company, which developed the vaccine in partnership with the University of Oxford, is facing a class-action lawsuit alleging that their vaccine has resulted in fatalities and serious injuries among recipients. Victims and grieving relatives are seeking damages estimated to be worth up to £100 million.
Four Las Vegas restaurants have filed a class-action lawsuit against Uber, alleging that the ride-hailing company allowed impostor restaurants to use their names and identities to siphon business on its Uber Eats delivery service. According to the lawsuit, Uber’s failure to verify restaurant identities allowed malicious actors to create fake pages and deceive customers, resulting in lost revenue for the legitimate businesses.
A class action lawsuit has been filed against Autodesk Inc. (ADSK) alleging that the company made materially false and misleading statements about its internal controls and financial performance during the period between June 1, 2023, and April 16, 2024. The lawsuit claims that Autodesk lacked adequate internal controls, leading to issues with its free cash flow and non-GAAP operating margin practices. As a result, the company’s statements about its business and prospects were allegedly false and misleading.
A class-action lawsuit has been filed against Prime Hydration LLC, a sports drink company founded by Logan Paul and KSI, alleging that its grape-flavored drink contains toxic “forever chemicals” at levels three times higher than the recommended daily limit. The lawsuit, filed in the U.S. District Court for the Northern District of California, claims that Prime fraudulently marketed its drinks as healthy despite knowing about the presence of these chemicals. The company argues that the plaintiff lacks standing and has not suffered any cognizable injury. The court is expected to issue a written order once a decision has been made.
