Associated tags: Fraud, Action Replay, Trailblazer, News, Tobacco, Person, Hagens Berman, SAN, Pharmaceutical industry, Life insurance, Cryptocurrency, NYSE
Locations: SEATTLE, WA, US, FLORIDA, UTAH, OHIO, OREGON, TWIST, CALIFORNIA, PE, STALEY, ROCHESTER, JEFFRIES, LATIN AMERICA, BRAZIL, INDIA, CAO, OM, BRIGHTON, EMERSON, BLACKSTONE, WALL STREET, BROWNS, EU, LEAH, SCHNEIDER, III, SPAC, UAE, DISTRICT OF COLUMBIA, GW, UNITED STATES, CHINA, EUROPE, MASSACHUSETTS
In so doing, Avid admitted that it understated current liabilities by about 141% and overstated net income by about 116%.
Key Points:
- In so doing, Avid admitted that it understated current liabilities by about 141% and overstated net income by about 116%.
- The heart of the matter lies in the misclassification of certain notes as long-term liabilities.
- The spotlight is now on $143.8 million of 1.250% exchangeable senior notes due in 2026, known as the “2026 Notes.” These notes were privately placed with qualified institutional investors back in Mar.
- “We’re investigating whether Avid Bioservices may have intentionally misled investors about its debt,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
In addition, QuidelOrtho’s Adjusted EBITDA came in 28% below the analysts’ consensus expectations and the company slashed its 2024 endemic COVID-19 revenue guidance to $200 million.
Key Points:
- In addition, QuidelOrtho’s Adjusted EBITDA came in 28% below the analysts’ consensus expectations and the company slashed its 2024 endemic COVID-19 revenue guidance to $200 million.
- 2, 2024, QuidelOrtho announced that it withdrew its submission for the Savanna RVP4 Test because recent data failed to meet expectations.
- Since Feb. 13, 2024, the price of QuidelOrtho shares has fallen $24.59, or nearly 37%, wiping out about $1.6 billion of shareholder value.
- “We are investigating whether QuidelOrtho may have engaged in improper channel-stuffing and about the likelihood of FDA approval for the Savanna test,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
LLP,
Ernst & Young,
Communication,
Audit committee,
Luna Innovations,
LUNA,
Bank statement,
Hagens Berman,
SAN,
Person,
Cryptocurrency SAN FRANCISCO, April 25, 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 25, 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:
On Apr.
- 19, 2024, shares in Luna Innovations crashed after the fiber optics company revealed that its anticipated restatement of prior financial statements has expanded to now cover all of 2022 in addition to the first quarter of 2023, as a result of accounting errors.
- Luna says these accounting errors resulted in misstated financial results and that previously issued reports, press releases, and any communication regarding the affected periods should not be relied upon.
SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman, a prominent national trial attorney firm, is urging investors who suffered substantial losses in Plug Power Inc. (NASDAQ: PLUG) to take action by submitting your losses here .
Key Points:
- SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman, a prominent national trial attorney firm, is urging investors who suffered substantial losses in Plug Power Inc. (NASDAQ: PLUG) to take action by submitting your losses here .
- Securities Fraud Class Action Against Plug Power Inc. (NASDAQ: PLUG): The lawsuit challenges Plug Power’s claims that its green hydrogen production plant construction was “on track” and that it had identified non-dilutive funding opportunities.
- Investors learned the truth on Nov. 9, 2023, when Plug announced dismal Q3 2023 results.
- “We are investigating whether Plug may have deceived investors about the sufficiency of its liquidity,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
Gold,
Mining,
Hagens Berman,
SSRM,
SSR,
Safety,
SAN,
Miner,
Person,
Risk,
Cryptocurrency SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges SSR Mining Inc. (NASDAQ: SSRM) investors who suffered substantial losses to submit your losses now .
Key Points:
- SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges SSR Mining Inc. (NASDAQ: SSRM) investors who suffered substantial losses to submit your losses now .
- SSR Mining Inc. (SSRM) Securities Fraud Class Action:
SSR Mining Inc. (SSRM) investors are facing mounting losses after a series of negative developments, culminating in a securities class action lawsuit.
- The Denver-based precious metals producer's stock price has plummeted nearly 55% since mid-February following a devastating landslide at its gold mine in eastern Turkey.
- A securities class action lawsuit has been filed against SSR and its senior management on behalf of investors who purchased company stock between Feb. 23, 2022, and Feb. 27, 2024.
ChatGPT,
News,
Risk,
PERI,
FY,
Growth,
Digital,
Microsoft,
Advertising,
Hagens Berman,
SAN,
Person SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Perion Network Ltd. (NASDAQ: PERI) investors who suffered substantial losses to submit your losses now .
Key Points:
- SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Perion Network Ltd. (NASDAQ: PERI) investors who suffered substantial losses to submit your losses now .
- The suit, which is brought on behalf of damaged investors who purchased, or otherwise acquired, Perion common stock during the period from Feb. 9, 2021 through Apr.
- The truth about Perion’s search advertising business emerged on Apr.
- “We are investigating whether Perion knowingly concealed adverse changes in its search advertising business,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
SAN FRANCISCO, April 23, 2024 (GLOBE NEWSWIRE) -- - Hagens Berman urges Autodesk, Inc. (NASDAQ: ADSK) investors who suffered substantial losses to submit your losses now.
Key Points:
- Autodesk, Inc. (ADSK) Falls After Delaying Annual Report, Contacting SEC – Hagens Berman
SAN FRANCISCO, April 23, 2024 (GLOBE NEWSWIRE) -- - Hagens Berman urges Autodesk, Inc. (NASDAQ: ADSK) investors who suffered substantial losses to submit your losses now .
- 2, 2024, the price of Autodesk shares significantly fell after the software company announced that it was probing its own accounting practices.
- The disclosure has prompted prominent investor rights firm, Hagens Berman, to open an investigation in possible violations of the U.S. Securities laws.
- “We are investigating the propriety of Autodesk’s internal controls over financial reporting,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
SAN FRANCISCO, April 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges The Bancorp, Inc. (NASDAQ: TBBK) investors who suffered substantial losses to submit your losses now .
Key Points:
- SAN FRANCISCO, April 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges The Bancorp, Inc. (NASDAQ: TBBK) investors who suffered substantial losses to submit your losses now .
- Culper’s detailed allegations have led prominent investors’ rights law firm, Hagens Berman, to open an investigation into possible securities law violations.
- Culper observed that the Texas complex is only 47% occupied, rendering agency refinancing a non-starter.
- “We’re investigating whether TBBK may have misrepresented or concealed known risks in its real estate bridge loan portfolio,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
EQIX,
Real estate investment trust,
AI,
Machine learning,
Hindenburg Research,
The Insider,
Audit committee,
Hindenburg,
Bank statement,
REIT,
Hagens Berman,
SAN,
Person SAN FRANCISCO, April 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Equinix, Inc. (NASDAQ: EQIX) investors who suffered substantial losses to submit your losses now .
Key Points:
- SAN FRANCISCO, April 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Equinix, Inc. (NASDAQ: EQIX) investors who suffered substantial losses to submit your losses now .
- 25, 2024, Equinix disclosed announced that the Audit Committee of the company’s Board of Directors has commenced an independent investigation to review the matters referenced in a recent short seller report.
- Equinix further disclosed that after the release of the report, the company received a subpoena from the U.S. Attorney’s Office for the Northern District of California.
- “We’re investigating whether Equinix may have inflated key financial metrics to appear more profitable,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
SAN FRANCISCO, April 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Plug Power Inc. (NASDAQ: PLUG) investors who suffered substantial losses to submit your losses now .
Key Points:
- SAN FRANCISCO, April 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Plug Power Inc. (NASDAQ: PLUG) investors who suffered substantial losses to submit your losses now .
- The firm also encourages persons with knowledge who may be able to assist in the investigation to contact the firm’s attorneys.
- Plug Power Inc. (NASDAQ: PLUG) Securities Fraud Class Action:
The litigation challenges Plug Power’s assurances that its buildout and construction of its green hydrogen production plants was “on track” and that it identified multiple non-dilutive opportunities to continue funding its operations.
- “We are investigating whether Plug may have deceived investors about the sufficiency of its liquidity,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
