Articles from Levi & Korsinsky, LLP

Promise vs. reality: FuelCell Energy announced an agreement for up to 380 MW of fuel cell power and told investors the deal validated scaling to 500 MW, yet a securities class action alleges the Company failed to appropriately caution investors of the possibility it would be unable to achieve contractual targets under the agreement and would have to incur charges thereunder. When the shortfall became a reality and the $17 million charge was announced, the stock fell 15.69% in a single-day.

Forensic research publicly warned on September 9, 2024 that Ryde Group Ltd carried "all the hallmarks" of a pump-and-dump; two days later a securities class action alleges RYDE purchasers watched the stock price sink

A securities class action alleges Unicycive Therapeutics leaned on a contract manufacturer already cited by the FDA for cGMP deficiencies, without verifying the vendor's compliance status, before the same deficiencies triggered a second Complete Response Letter and a 39.1% single-day collapse in UNCY shares.

Important information regarding Section 20(a) individual liability claims: the action alleges AST SpaceMobile's CEO and CFO personally certified filings that overstated the sufficiency of the Company's capital position while, as the complaint identifies, selling more than $18 million of their own stock during the Class Period

A securities class action alleges DICK'S Sporting Goods characterized athletic footwear promotional pressure as nothing management was "particularly concerned about," while allegedly omitting Foot Locker's dependence on the products exposed to such pressures.

Promise versus reality: the lawsuit contends Beta Bionics promoted "superior clinical outcomes" for its iLet insulin pump while a June 2025 FDA Form 483 documenting more than 18,000 unreported customer complaints stayed out of public view, and BBNX shares later fell roughly $23.09 from their Class Period high.

Key dates and disclosure events shareholders need to know: the securities action traces a chronology running from the Company's August 7, 2025 assurances about its strategic transformation to the August 6, 2026 guidance reset and dividend suspension that preceded a 17.18% single-session decline in PZZA shares

Important Information Regarding Section 20(a) Individual Liability Claims: The lawsuit names Millrose's CEO and CFO, who allegedly signed SEC filings pledging no tenants before the Company bought an estimated $200 million of Lennar homes to rent out.

Investors who acquired York Space Systems stock in or traceable to the Company's January 2026 IPO at $34.00 per share are urged to review their options. The action contends the registration statement touted "proven" and "scalable" satellite technology while omitting that onboard mission and payload software was allegedly not fully functional before launch.

Alert: Claims Focus on Alleged Misrepresentations About TSS Channel Inventory. The lawsuit centers on roughly $65 million in Opteon refrigerant aftermarket sales that distributor stocking allegedly shifted out of 2026 and into 2025.

Hyliion described roughly $400 million in potential pipeline revenue "at today's current pricing," but the securities class action alleges its disclosures never told investors what diligence, if any, supported the $133 million VFG letter of intent behind about one-third of that figure.

Time-Sensitive: Allegations focus on Ardelyx's representations that its patient-access strategy was working, while more stringent prior authorization and step edit requirements were allegedly slowing new-patient starts for IBSRELA and XPHOZAH.

Alert: Claims focus on alleged misrepresentations about the commercialization of Accelsius' NeuCool liquid cooling systems, including a 300MW deployment Innventure later removed from its internal bookings.

Important Information Regarding Individual Liability Claims: Compass's CEO and CFO signed merger Offering Materials that allegedly promised "reasonable best efforts" through ordinary regulatory channels while a Trump-aligned lawyer was allegedly retained to bypass DOJ antitrust review

Time-Sensitive: Allegations Focus on China-Tied Data Infrastructure Representations. The lawsuit asserts Webull assured shareholders that U.S. customer data was insulated from non-U.S. access while its core engineering and data routing were allegedly tied to the PRC.

Time-Sensitive: Allegations Focus on Energy Feature and AI-First Representations. Duolingo allegedly pitched its Hearts replacement as a reward for learners while designing it to push free users toward paid plans

Time-Sensitive: Allegations Focus on Consortium Partner Representations — the Flotek securities action contends investors were never told of doubts about the project group's capacity, an allegedly unauthorized third-party signature, and a convicted felon's involvement.

Key Dates and Disclosure Events Shareholders Need to Know: The lawsuit alleges Coastal's CCBX credit assurances continued through 21 months of growth and executive turnover before a $68.8 million single-partner credit expense emerged.

Key Dates and Disclosure Events Shareholders Need to Know: the securities action traces Alphabet timeline disclosure events from a twice-stated June 2026 launch for Gemini 3.5 Pro to a July 16 report that the flagship AI model was months behind schedule

Important Information Regarding Section 20(a) Individual Liability Claims: The lawsuit seeks to hold Fluence Energy's CEO and CFO personally accountable as control persons for fiscal 2026 guidance statements that allegedly failed to disclose unready contract manufacturing facilities.

Executive Accountability: Yan Zheng Named in Securities Action. Qfin's Chief Risk Officer allegedly assured investors that loan risk and asset quality were improving and stable as PRC regulatory headwinds mounted, and he now leads the Company as CEO

Notice to pension funds, asset managers, and fiduciaries holding AEVEX Corp. (NYSE: AVEX): a securities class action alleges the IPO offering documents concealed a pre-arranged plan to waive the 180-day lock-up, a disclosure sequence tied to roughly $900 million in erased market capitalization.

Time-Sensitive: Allegations Focus on Defense Contract Cybersecurity Representations. The securities action contends HONA purchasers were never told the Company was under Justice Department scrutiny for cybersecurity noncompliance in a Department of Defense contract, a matter resolved for over $2 million on September 1, 2026

A securities class action alleges Better Home & Finance conditioned its $1.0 billion monthly loan volume target on purported continued partnership growth, allegedly omitting the conversion-rate and interest-rate pressures already building inside its loan funnel, leaving BETR shareholders with a $12.17 per-share decline

Wall Street Reassessment: Analyst downgrades and price target cuts followed GoDaddy's February 24, 2026 disclosure of a $4.99 one-year domain promotion that the complaint alleges was concealed from investors while shares traded at inflated prices.

Two named officers of Fractyl Health, Inc. — Co-Founder and CEO Harith Rajagopalan and former CFO Lisa A. Davidson — face Section 20(a) control person claims over allegedly overstated Revita DMR efficacy data, after GUTS shares lost approximately 74.86% of their value across two trading days.

A securities class action alleges AppLovin's generative AI video creative tool for the AppLovin Ads platform was subject to significant development delays while investors were told the feature would reach all accounts shortly, an operational shortfall APP shareholders learned about only after the second quarter revenue miss

Market Impact Alert: Taboola.com Ltd. (NASDAQ: TBLA) shares repriced sharply on unusually heavy volume after the Company disclosed a Q2 2026 revenue miss and a $91 million cut to full-year guidance, which a securities class action alleges corrected earlier statements about "accelerated growth" and publisher network quality.

Notice to pension funds, asset managers, and fiduciaries: the pleading asserts that Doximity overstated how much its "Newsfeed" product drove revenue growth and misstated its competitive position, while DOCS holders absorbed three separate declines of 13%, 17%, and 23%

Disclosure Under Scrutiny: Were Risk Warnings Adequate? Baidu's annual report told investors the Company was "not aware of any trends, uncertainties, demands, commitments or events" reasonably likely to have a material and adverse affect on total revenue, while a securities class action alleges legacy advertising revenue was already deteriorating faster than AI revenue could offset

A securities class action alleges Lincoln Educational Services' SEC filings touted 19.5% student start growth and raised full-year guidance without disclosing that enrolled students had stopped showing up for class, or that resumed federal student loan repayment obligations were already driving borrower defaults

LULU shareholders saw the stock price falter across two single-day declines after lululemon lowered its fiscal 2026 outlook in June and again in September. An investigation is underway into whether investors received a complete picture of the Company's prospects.

Alert: Claims Focus on Alleged Misrepresentations About Gemini 3.5 Pro Coding and Training Data Setbacks. The AI model development delay securities case contends that Alphabet's flagship model fell months behind its June 2026 schedule while unfinished coding work and unsuccessful training data updates allegedly went undisclosed

Wall Street Reassessment: Analysts were modeling sustained user growth and roughly $344 million in fourth-quarter bookings while, the lawsuit alleges, Duolingo's friction-heavy monetization and mass-produced AI lessons were already eroding daily active users

The action alleges Fluence Energy's fiscal 2026 guidance depended on contract manufacturing facilities not ready for assumed volumes. This notice outlines the federal investor rights held by Class Period purchasers

Promise vs. Reality: The Qfin Performance Gap. Management allegedly promised stable liquidity and a stronger, more resilient business under tightening PRC rules, yet second-quarter 2026 revenue fell 31.6% and net income fell 76.8%

Alert: Claims Focus on Alleged Misrepresentations About Supply Chain Output and Factory Throughput. The securities action contends a small group of constrained suppliers gated hundreds of millions of dollars in Honeywell Aerospace revenue while purchasers were told output was on track

Ardelyx's Chief Commercial Officer, Eric Foster, is named as an individual defendant in a securities class action alleging he assured investors the Company's patient-access strategy was working while payer prior authorization and step edit requirements were allegedly restricting IBSRELA and XPHOZAH prescriptions

A securities class action alleges AppLovin management publicly dismissed a "disconnect between market sentiment and the reality of our business" while the pace of meaningful AI model improvement was allegedly already slowing, and APP shareholders who believed that message watched the stock slide

Promise versus reality: AST SpaceMobile told shareholders a financing had been completed with "minimal dilution," yet the complaint alleges that $3.0 billion of convertible notes followed in nine months and ASTS stock price faltered as a result

Investor rights notice: a securities class action alleges Baidu, Inc. overstated the ability of its AI-powered business to offset a rapidly collapsing legacy search advertising franchise. Purchasers of BIDU securities between November 18, 2025 and August 17, 2026 may have recovery rights whether or not they still hold the shares

A securities class action alleges Lincoln Educational Services' Chief Executive Officer and Chief Financial Officer, as control persons, permitted the Company to tout investments in "people and processes" while allegedly omitting that enrolled students were not converting into actual class starts

Time-Sensitive: Allegations Focus on Banking-as-a-Service Indemnification Representations. The securities action asserts that Coastal cited 98.8% credit-risk indemnification while a single partner portfolio of roughly $500 million allegedly deteriorated.

Disclosure under scrutiny: a securities class action alleges FuelCell Energy's SEC risk warnings framed inadequate manufacturing capacity as a hypothetical future possibility while output was already trending below the volume needed to match contract pricing

Papa John's President and Chief Executive Officer Todd Allan Penegor and former Chief Financial Officer Ravi Thanawala are named as individual defendants in a securities class action alleging they portrayed the Company's strategic transformation as working while North American comparable sales allegedly deteriorated.

Ryde Group Ltd purchasers who bought between the $4.00 March 2024 IPO and the September 11, 2024 collapse hold specific rights under the federal securities laws, following allegations that an undisclosed social media promotion scheme inflated RYDE shares

A securities class action names Unicycive Therapeutics' Chief Executive Officer and Chief Financial Officer as individual defendants under Section 20(a) control person claims, alleging they controlled disclosures telling shareholders a third-party manufacturer had made "significant progress" toward FDA compliance that the Company had never verified through its own inspection

Wall Street stayed constructive on BBNX even after the FDA Warning Letter surfaced, with Leerink writing on January 30, 2026 that management "highlighted there have been no new issues" and Truist stating on February 17, 2026 that the letter was "not on the safety or performance of the company's insulin pump itself." A securities class action alleges those analyst views rested on Company statements that minimized more than 18,000 unreported iLet complaints

A securities class action alleges Hyliion presented a "new data center partnership" on May 12, 2026 with a counterparty incorporated barely four months earlier, and that HYLN shares declined 33.24% across two trading sessions after the arrangement drew public scrutiny

Wall Street Reassessment: Published research on August 17, 2026 alleged Flotek's $400 million PREPA contract had already been canceled, over the next three days shares fell a nearly 30%, collectively

Allegations center on operational failures at one of six REMAIN-1 Midpoint Cohort clinical sites, which the complaint contends skewed Revita DMR weight maintenance data that Fractyl Health promoted to investors.

Important Notice Regarding Alleged Domain Discount Promotion Misrepresentations: GoDaddy investors who purchased shares between September 3, 2025 and February 24, 2026 may be eligible to recover losses following a 14% single-day stock decline.

Alert: Claims Focus on Alleged Misrepresentations About Taboola.com Ltd.'s Publisher Network Quality, Where the Company Later Said It Took a "More Aggressive Approach" to Exiting Publisher Relationships That Did Not Meet Advertiser Standards.

A securities class action alleges Simply Good Foods concealed a bloated organizational structure, ballooning general and administrative spending, and heavy discounting used to mask margin erosion, while SMPL shares lost more than 70% of their value.

Pension funds, asset managers, and other fiduciaries holding Aardvark Therapeutics, Inc. (NASDAQ: AARD) positions acquired in or after the February 2025 IPO may wish to evaluate lead plaintiff options, as a securities class action alleges the Company misrepresented the safety and tolerability of ARD-101 before a Phase 3 trial pause and a full FDA clinical hold.

Levi & Korsinsky, LLP tracks the evolution of Wall Street analyst opinion on AppLovin Corporation (NASDAQ: APP) and notifies investors that a securities class action was filed on behalf of shareholders who purchased securities between February 12, 2026 and August 5, 2026. Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP reminds purchasers of Doximity, Inc. (NYSE: DOCS) securities of a pending securities class action brought on behalf of investors who acquired shares between August 8, 2024 and May 13, 2026. Find out if you might qualify for recovery. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP notifies investors in AST SpaceMobile, Inc. (NASDAQ: ASTS) that a securities class action has been filed on behalf of shareholders who purchased securities between March 4, 2025 and July 15, 2026. Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP notifies investors in Lincoln Educational Services Corporation (NASDAQ: LINC) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between May 11, 2026 and August 9, 2026. Find out if you could qualify to recover your losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP encourages investors who suffered losses in Ryde Group Ltd (NYSE: RYDE) to contact the firm. Those who purchased RYDE securities between March 6, 2024 and September 11, 2024 may be entitled to recover damages. Find out if you may be eligible to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP notifies institutional investors in FuelCell Energy, Inc. (NASDAQ: FCEL) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between June 24, 2026 and September 1, 2026. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP alerts investors in Baidu, Inc. (NASDAQ: BIDU) of a pending securities class action on behalf of shareholders who purchased securities between November 18, 2025 and August 17, 2026. Find out if you may be eligible to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP notifies investors in The Simply Good Foods Company (NASDAQ: SMPL) that a class action has been filed on behalf of shareholders who purchased securities between October 24, 2024 and April 8, 2026. Submit your information. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP alerts investors in Aardvark Therapeutics, Inc. (NASDAQ: AARD) that a securities class action has been filed on behalf of shareholders who purchased or acquired securities between February 13, 2025 and May 14, 2026, and/or pursuant to the Company's February 2025 initial public offering. Find out if you may be eligible to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP notifies investors in HDFC Bank Limited (NYSE: HDB) that a securities class action has been filed on behalf of shareholders who purchased securities between July 17, 2023 and May 26, 2026. Submit your information now. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP announces an investigation into Cooper Companies. Adjusted earnings of $1.15 per share beat the $1.12 consensus; however, the investigation alleges that Cooper Companies (NASDAQ: COO) shareholders lost money anyway: quarterly revenue came in at approximately $1.07 billion against roughly $1.10 billion expected, the company slashed its full year projections from at least 3.5% growth to no more than 3%, and the stock fell as analysts moved to downgrade the shares and cut price targets. If you suffered a loss on your Cooper Companies investment, you are encouraged to submit your loss information for review. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Cooper Companies (NASDAQ: COO) shareholders took losses when the stock sold off after the Company posted quarterly revenue of approximately $1.07 billion against consensus of roughly $1.10 billion -- a shortfall of about $30 million -- and told investors that U.S. channel inventory reductions at CooperVision would continue into the following quarter. If you suffered a loss on your Cooper Companies investment, you are encouraged to click here to submit your information. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Holders of lululemon athletica inc. (NASDAQ: LULU) saw the Company's FY2026 revenue outlook cut to $10.35 billion to $10.50 billion on September 3, 2026, from $11.00 billion to $11.15 billion -- a reduction of roughly $650 million at the midpoint, with third-quarter revenue now projected to decline 10% to 11%. If you lost money holding LULU, you have legal rights right now and are encouraged to see if you qualify to recover your LULU losses. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Levi & Korsinsky, LLP notifies investors in DICK'S Sporting Goods, Inc. (NYSE: DKS) that a securities class action has been filed on behalf of shareholders who purchased common stock between September 8, 2025 and August 24, 2026. Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP notifies institutional investors in Unicycive Therapeutics, Inc. (NASDAQ: UNCY) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between December 29, 2025 and June 29, 2026. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP notifies investors in Papa John's International, Inc. (NASDAQ: PZZA) that a securities class action has been filed on behalf of shareholders who purchased securities between August 7, 2025 and August 5, 2026. Find out if you could qualify to recover your per-share losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP alerts investors in Beta Bionics, Inc. (NASDAQ: BBNX) that Chief Executive Officer Sean Saint and Chief Financial Officer Stephen Feider are named as individual defendants in a pending securities class action asserting control person and primary liability claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, on behalf of purchasers between July 30, 2025 and February 24, 2026. Find out if you may be eligible to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP alerts investors in Replimune Group, Inc. (NASDAQ: REPL) of a pending securities class action on behalf of purchasers between October 20, 2025 and April 10, 2026. Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP alerts investors in Alibaba Group Holding Limited (NYSE: BABA) of a pending securities class action on behalf of purchasers of BABA securities between June 26, 2025 and June 24, 2026. Find out if you may qualify to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Levi & Korsinsky, LLP notifies investors that Gary Williams, who served as Chief Accounting Officer of Datavault AI Inc. (NASDAQ: DVLT) until November 30, 2024, is named as an individual defendant in a securities class action brought on behalf of purchasers of DVLT securities between September 4, 2024 and October 30, 2025. Find out if you may qualify to recover losses or call (212) 363-7500. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com.