Law

DEADLINE ALERT for BROG, NYCB, IRTC, and HUT: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Retrieved on: 
Tuesday, March 26, 2024
New York Community Bank, Law, Defendant, Medical device, Security (finance), NYCB, Medical device reporting, Suite, Hut 8, Investment, Fraud, BIA, Category, FDA

LOS ANGELES, March 26, 2024 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.

Key Points: 
  • LOS ANGELES, March 26, 2024 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.
  • Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected] .
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • The Law Offices of Frank R. Cruz, Los Angeles

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. (PLUG)

Retrieved on: 
Tuesday, April 9, 2024
Class Action Lawsuit, Professional Services, Legal, Law, Telephone, Defendant, News, Alpha, Plug, Suite, Hydrogen, GAAP, Probability, Court, Cryptocurrency

Law Offices of Howard G. Smith reminds investors of the upcoming May 21, 2024 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Plug Power Inc. (“Plug” or the “Company”) (NASDAQ: PLUG ) securities between May 9, 2023 and January 16, 2024, inclusive (the “Class Period”).

Key Points: 
  • Law Offices of Howard G. Smith reminds investors of the upcoming May 21, 2024 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Plug Power Inc. (“Plug” or the “Company”) (NASDAQ: PLUG ) securities between May 9, 2023 and January 16, 2024, inclusive (the “Class Period”).
  • Investors suffering losses on their Plug investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at (215) 638-4847 or by email to [email protected] .
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of HireRight Holdings Corporation (HRT) Investors

Retrieved on: 
Tuesday, April 9, 2024
Class Action Lawsuit, Professional Services, Legal, Employment, Law, HireRight, Risk, Telephone, Defendant, News, IPO, Alpha, Suite, HRT, Security (finance)

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased HireRight Holdings Corporation (“HireRight” or the “Company”) (NYSE: HRT ) securities pursuant and/or traceable to the Offering Documents issued in connection with HireRight’s October 2021 initial public offering (the “IPO” or “Offering”).

Key Points: 
  • Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased HireRight Holdings Corporation (“HireRight” or the “Company”) (NYSE: HRT ) securities pursuant and/or traceable to the Offering Documents issued in connection with HireRight’s October 2021 initial public offering (the “IPO” or “Offering”).
  • HireRight investors have until June 3, 2024 to file a lead plaintiff motion.
  • Investors suffering losses on their HireRight investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .
  • On November 1, 2021, HireRight conducted its IPO, selling approximately 22 million shares of common stock at $19.00 per share.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Xponential Fitness, Inc. (XPOF)

Retrieved on: 
Monday, April 8, 2024
Class Action Lawsuit, Professional Services, Legal, SSS, Research, Bloomberg Businessweek, Law, AUV, Defendant, Sale, News, Suite, Retirement, Court

Fuzzy Panda also claims that franchise documents suggest that 8 out of every 10 Xponential brands are losing money monthly, with over half of Xponential studios never making a positive financial return.

Key Points: 
  • Fuzzy Panda also claims that franchise documents suggest that 8 out of every 10 Xponential brands are losing money monthly, with over half of Xponential studios never making a positive financial return.
  • On this news, Xponential’s stock price fell $9.39, or 37.4%, to close at $15.72 per share on June 27, 2023, thereby injuring investors.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz Announces Investigation of Perion Network Ltd. (PERI) on Behalf of Investors

Retrieved on: 
Monday, April 8, 2024
Class Action Lawsuit, Professional Services, Legal, Perion Network, Suite, Law, News

The Law Offices of Frank R. Cruz announces an investigation of Perion Network Ltd. (“Perion” or the “Company”) (NASDAQ: PERI ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz announces an investigation of Perion Network Ltd. (“Perion” or the “Company”) (NASDAQ: PERI ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
  • The Company attributed the revision to a drop in search advertising pricing due to changes made by Microsoft’s Bing search engine.
  • On this news, Perion’s stock price fell as much as 41% during intraday trading on April 8, 2024, thereby injuring investors.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Luna Innovations Incorporated (LUNA) Investors

Retrieved on: 
Monday, April 8, 2024
Class Action Lawsuit, Professional Services, Legal, Law, Defendant, News, LUNA, Bank statement, Suite, Court, Person, Cryptocurrency

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Luna Innovations Incorporated (“Luna” or the “Company”) (NASDAQ: LUNA ) securities between August 11, 2023 and March 25, 2024, inclusive (the “Class Period”).

Key Points: 
  • The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Luna Innovations Incorporated (“Luna” or the “Company”) (NASDAQ: LUNA ) securities between August 11, 2023 and March 25, 2024, inclusive (the “Class Period”).
  • Luna investors have until May 31, 2024 to file a lead plaintiff motion.
  • On this news, Luna’s stock price fell $2.24, or 35.8%, to close at $4.02 per share on March 13, 2024, thereby injuring investors.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Amylyx Pharmaceuticals, Inc. (AMLX)

Retrieved on: 
Monday, April 8, 2024
Class Action Lawsuit, Professional Services, Legal, Law, ALS, Patient, Defendant, News, Suite, GAAP, Court, Pharmaceutical industry

On November 9, 2023, Amylyx released its third quarter 2023 financial results, missing GAAP earnings per share consensus estimates by approximately 29%.

Key Points: 
  • On November 9, 2023, Amylyx released its third quarter 2023 financial results, missing GAAP earnings per share consensus estimates by approximately 29%.
  • On this news, Amylyx’s stock price fell $5.74, or 31.9%, to close at $12.26 per share on November 9, 2023, thereby injuring investors.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

From the Tax Law Offices of David W. Klasing - CFO of Offshore Company Sent to Federal Prison over Undisclosed Foreign Accounts and Unreported Offshore Income

Retrieved on: 
Tuesday, April 9, 2024
IRS, Crime, Tax, Government, Arizona State University, PwC, Law, CFO, Risk, EAS, CPA, Record, Coutts, Tax law, Accounting, Bank, Fraud, Offense, Multimedia, Federal, FBAR

For instance, low-income earners might engage in tax evasion by underreporting their income or overstating deductions to minimize tax liability.

Key Points: 
  • For instance, low-income earners might engage in tax evasion by underreporting their income or overstating deductions to minimize tax liability.
  • In 2023, a former offshore Chief Financial Officer, "CFO" received an 86-month prison sentence for concealing assets and income from tax authorities.
  • After Coutts Bank made an initiative to comply with U.S. tax reporting requirements, The offshore CFO moved the funds to Hyposwiss.
  • However, in the years that followed, the offshore CFO continued to mislead his accountant regarding his foreign accounts.

Latham Expands Project Development & Finance Practice With Experienced Energy & Infrastructure Partner

Retrieved on: 
Monday, April 8, 2024
Project, Ministry of Finance, University, Energy, Law, Allen & Overy

CENTURY CITY, Calif., April 8, 2024 /PRNewswire/ -- Latham & Watkins LLP1 is pleased to announce that Daniel Sinaiko has joined the firm as a partner in the Project Development & Finance Practice and the Energy & Infrastructure Industry Group and as a member of the Finance Department.

Key Points: 
  • CENTURY CITY, Calif., April 8, 2024 /PRNewswire/ -- Latham & Watkins LLP1 is pleased to announce that Daniel Sinaiko has joined the firm as a partner in the Project Development & Finance Practice and the Energy & Infrastructure Industry Group and as a member of the Finance Department.
  • Sinaiko, who joins the firm's Century City office, brings significant experience in the renewables and energy transition sectors to advise on project development, debt finance, cash and tax equity finance, joint ventures, and mergers and acquisitions.
  • "With a versatile skill set, Dan delivers unparalleled client results in the energy sector," said Jeff Greenberg, Global Chair of the Project Development & Finance Practice.
  • Eli Katz, Global Vice Chair of the firm's Energy & Infrastructure Industry Group, added: "Latham tops the renewable and energy transition league tables, handling more matters in the space than any other firm.

More mergers to come under scrutiny in another leg of Chalmers’ competition policy

Retrieved on: 
Tuesday, April 9, 2024
ACCC, Risk, University, Treasurer, Food, OECD, Competition, Competition Tribunal, Workload, Treasury, Economics, Government, Law, Supermarket

Treasurer Jim Chalmers has unveiled new rules governing company mergers that will bring more of them under scrutiny to ensure they don’t worsen competition.

Key Points: 
  • Treasurer Jim Chalmers has unveiled new rules governing company mergers that will bring more of them under scrutiny to ensure they don’t worsen competition.
  • A mandatory notification system will be brought in and the Australian Competition and Consumer Commission will be the single decision-maker on all mergers.
  • At the moment, notifications are voluntary, with the ACCC having the right to object after they have gone ahead.
  • Mergers above a yet-to-be-determined threshold and mergers which could significantly change market concentration will have to be notified and approved before going ahead.