GAAP

Luna Innovations (LUNA) Hit with Securities Class Action After Admitting to Improper Accounting – Hagens Berman

Retrieved on: 
Tuesday, April 9, 2024
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SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Luna Innovations Incorporated (NASDAQ: LUNA) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Luna Innovations Incorporated (NASDAQ: LUNA) investors who suffered substantial losses to submit your losses now .
  • Luna Innovations Incorporated (LUNA) Securities Fraud Class Action:
    The litigation focuses on the propriety of Luna’s past financial statements and adherence to U.S. generally accepted accounting principles (“GAAP”).
  • This news drove the price of Luna shares crashing over 35% lower on Mar.
  • “We’re investigating whether Luna management may have intentionally violated GAAP and its stated revenue recognition policies to appear more profitable,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

PLUG INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Plug Power, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Retrieved on: 
Tuesday, April 9, 2024
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The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.

Key Points: 
  • The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.
  • or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660.
  • If you suffered a loss in Plug you have until May 21, 2024, to request that the Court appoint you as lead plaintiff.
  • Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Plug Power Inc. of Class Action Lawsuit and Upcoming Deadlines – PLUG

Retrieved on: 
Monday, April 8, 2024
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NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Plug Power Inc. (“Plug” or the “Company”) (NASDAQ: PLUG) and certain officers.

Key Points: 
  • NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Plug Power Inc. (“Plug” or the “Company”) (NASDAQ: PLUG) and certain officers.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Plug offers its products to retail-distribution and manufacturing businesses through a direct product sales force, original equipment manufacturers, and dealer networks.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Innoviz Technologies Ltd. of Class Action Lawsuit and Upcoming Deadlines – INVZ

Retrieved on: 
Monday, April 8, 2024
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NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Innoviz Technologies Ltd. (“Innoviz” or the “Company”) (NASDAQ: INVZ) and certain officers.

Key Points: 
  • NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Innoviz Technologies Ltd. (“Innoviz” or the “Company”) (NASDAQ: INVZ) and certain officers.
  • To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Innoviz Technologies Ltd. (INVZ)

Retrieved on: 
Friday, April 5, 2024
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You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Key Points: 
  • You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
  • Additionally, the Company issued 2023 guidance in the range of $12 to $15 million, significantly below consensus estimates of $30 million.
  • 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.
  • Glancy Prongay & Murray LLP, Los Angeles

Highwoods Announces Recent Disposition Activity

Retrieved on: 
Thursday, April 4, 2024
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RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold in a series of transactions non-core properties in Raleigh for combined gross proceeds of $79.4 million.

Key Points: 
  • RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold in a series of transactions non-core properties in Raleigh for combined gross proceeds of $79.4 million.
  • Gross proceeds from dispositions closed in the first quarter of 2024 totaled $16.9 million with the remainder closing early in the second quarter.
  • As part of the sale of one building, the Company provided $6.2 million in non-recourse first mortgage seller financing.
  • The note is scheduled to mature in February 2025, but can be prepaid without penalty at any time prior to maturity.

Luna Innovations (LUNA) Hit with Securities Class Action After Admitting to Improper Accounting – Hagens Berman

Retrieved on: 
Thursday, April 4, 2024
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Luna Innovations Incorporated (LUNA) Securities Fraud Class Action:

Key Points: 
  • Luna Innovations Incorporated (LUNA) Securities Fraud Class Action:
    The litigation focuses on the propriety of Luna’s past financial statements and adherence to U.S. generally accepted accounting principles (“GAAP”).
  • Investors began to learn the truth on Mar.
  • This news drove the price of Luna shares crashing over 35% lower on Mar.
  • “We’re investigating whether Luna management may have intentionally violated GAAP and its stated revenue recognition policies to appear more profitable,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Dayforce Inc. and Encourages Investors with Losses to Contact the Firm

Retrieved on: 
Thursday, April 4, 2024
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LOS ANGELES, April 04, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dayforce Inc. (“Dayforce” or “the Company”) (NYSE: DAY ) for violations of the securities laws.

Key Points: 
  • LOS ANGELES, April 04, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dayforce Inc. (“Dayforce” or “the Company”) (NYSE: DAY ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Reliance Global Group’s Revenue Grows by 17% and 40% in 2023 Compared to 2022 and 2021, respectively

Retrieved on: 
Thursday, April 4, 2024
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LAKEWOOD, N.J., April 04, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided a business update and reported financial results for the year ended December 31, 2023.

Key Points: 
  • “We are pleased to report 17% and 40% year-over-year increases in revenue for 2023 compared to 2022 and 2021, respectively,” commented Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group.
  • Commission expense increased by $592,000, or 19%, to $3.7 million in 2023, compared to $3.1 million in 2022, driven primarily by the Company’s increased commission income revenues.
  • Net loss was $12.0 million in 2023, compared to net income of $6.5 million in 2022.
  • Working capital increased by $5.8 million, or 126%, to $1.2 million in 2023, compared to negative working capital of $4.6 million in 2022.

Radius Recycling Reports Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, April 4, 2024
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PORTLAND, Ore., April 04, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ: RDUS) today reported results for the second quarter of fiscal 2024 ended February 29, 2024.

Key Points: 
  • Results for the second quarter include a benefit from average inventory accounting of approximately $2 per ferrous ton, compared to a detriment of $1 per ferrous ton in the first quarter of fiscal 2024.
  • The Company recognized insurance recoveries of $2 million in the second quarter, compared to $4 million in the first quarter of fiscal 2024, in connection with previously submitted claims related to certain property damage and business interruption matters that had occurred in prior periods.
  • The Company expects fiscal 2024 capital expenditures to be approximately $80 million, including the completion of our nonferrous technology initiatives and investments to support recycling services expansion.
  • During the second quarter, the Company returned capital to shareholders through its 120th consecutive quarterly dividend.