Grabar Law Office Investigates Claims on Behalf of Shareholders of Invivyd, Inc. (IVVD) f/k/a Adagio Therapeutics (ADGI)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 29, 2024) - A securities fraud class action complaint has been filed that alleges that Invivyd, Inc. (NASADAQ: IVVD) f/k/a Adagio Therapeutics (NASDAQ: ADGI), through certain of its officers and directors, failed to disclose that: (i) the published epitope mapping, structural studies, and sequence analyses which defendants had used to claim ADG20 was effective against the Omicron variant of COVID-19 were insufficient, unreliable, and...
2024-02-29 9:01 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Inspire Medical Systems, Inc. (INSP)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 29, 2024) - A recently filed securities fraud class action complaint alleges that Inspire Medical Systems, Inc. (NYSE: INSP), via certain of its officers and directors, misled investors and/or failed to disclose that: (1) despite the Company's Acceleration Program, customers were encountering challenges with the prior authorization submission process, including with the scheduling of appointments; (2) a slowdown in prior authorization...
2024-02-29 8:39 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Enservco Corporation (ENSV)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 29, 2024) - A securities fraud class action complaint alleges that Enservco (NYSE American: ENSV) revealed that it needed to restate the interim financials from every quarterly report it filed in 2021 to correct accounting errors arising out of its failures to account for the warrants issued and its wrongful recognition of income for employee retention credits under the CARES Act. One week after filing its financial restatements, Enservco...
2024-02-29 8:36 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Holley Inc. (HLLY) f/k/a Empower Ltd. (EMPW)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 28, 2024) - A recently filed securities fraud class action complaint alleges that Holley Inc. (NYSE: HLLY) f/k/a Empower Ltd. (NYSE: EMPW), through certain of its officers and directors, made false and/or misleading statements and/or failed to disclose that: (i) as a result of Holley's extensive focus on its direct-to-consumer ("DTC") channel, Holley's critically important relationships with its resellers and distributors, whose business...
2024-02-28 3:41 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Mercury Systems, Inc. (MRCY)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 28, 2024) - A recently filed securities fraud class action complaint alleges that, Mercury Systems, Inc. (NASDAQ: MRCY) through certain officers and directors, acted as a serial acquirer that used acquisitions and improper revenue recognition practices to mask its inability to grow organically. The complaint further alleges that Defendants repeatedly misled investors to believe that their growth was organic by misrepresenting several...
2024-02-28 10:41 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Integra Lifesciences Holdings Corporation (IART)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 28, 2024) - A securities fraud class action complaint alleges that Integra LifeSciences Holdings Corporation (NASDAQ: IART), via certain of his officers and directors, repeatedly touted that it was on track to grow SurgiMend's market by obtaining FDA approval for use in post-mastectomy reconstruction, yet on May 23, 2023, the Company was forced to announce a "recall" of all products manufactured at its Boston Facility between March 1,...
2024-02-28 9:21 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Fate Therapeutics, Inc. (FATE)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 28, 2024) - Grabar Law Office is investigating claims on behalf of Fate Therapeutics, Inc. (NASDAQ: FATE) shareholders. The investigation concerns whether certain officers of Fate Therapeutics have breached their fiduciary duties owed to the company. An underlying securities fraud class action complaint alleges that Fate Therapeutics, through certain of its officers and directors, made materially false and misleading statements regarding...
2024-02-28 9:16 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Charles River Laboratories International, Inc. (CRL)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 28, 2024) - An ongoing federal securities fraud class action complaint has been filed against Charles River Laboratories International, Inc. (NYSE: CRL) alleges that Charles River, via certain of its officers and directors, made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company's business, operations, and prospects, including: (1) that Charles River had engaged in illegal...
2024-02-28 9:13 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of FMC Corporation (FMC)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 27, 2024) - A recently filed securities fraud class action complaint alleges that FMC Corporation (NYSE: FMC), via certain of its officers and directors, made materially false and/or misleading statements about the Company's business, operations, and prospects including that: (1) the diminishment of patent protection for FMC's flagship products, such as diamides (a class of insecticide), which accounted for almost 40% of FMC's revenues in...
2024-02-27 4:08 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Driven Brands Holdings Inc. (DRVN)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 27, 2024) - A recently filed securities fraud class action complaint alleges that Driven Brands (NASDAQ: DRVN), through certain of its officers and directors, made numerous materially false and misleading statements and omissions pertaining to: (i) Driven Brands' ability to efficiently and effectively integrate a high volume of acquired businesses, including statements related to the status of integrating its U.S. auto glass businesses;...
2024-02-27 3:54 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of DocGo Inc. (DCGO)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 27, 2024) - On September 18, 2023, New York City's Comptroller announced that his office was commencing a real-time audit of operations and invoices incurred by DocGo Inc. (NASDAQ: DCGO) as it had "serious concerns about the selection of this vendor and its performance of contract duties" under a $432 million migrant relocation contract the City had with DocGo. A securities fraud class action complaint then followed that alleges that...
2024-02-27 3:51 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Cummins Inc. (CMI) After Cummins Settles with DOJ for $1.675 Billion
Philadelphia, Pennsylvania--(Newsfile Corp. - February 27, 2024) - On January 10, 2024, the Department of Justice and California announced that diesel engine manufacturer Cummins Inc. (NYSE: CMI) agreed to pay a record $1.675 billion civil penalty for vehicle emissions test cheating. A recently filed securities fraud class action complaint further alleges that Cummins, via certain of its officers and directors, made materially false and/or misleading statements and/or failed to disclose that:...
2024-02-27 3:22 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Masimo Corporation (MASI)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 27, 2024) - A securities fraud class action was recently filed that alleges that Masimo Corporation (NASDAQ: MASI), via certain of its officers and directors, concealed adverse facts related to Masimo's two core businesses - its traditional healthcare unit and its newer Sound United acquisition (non-healthcare unit). First, it is alleged that Masimo, via certain of its officers and directors, misled the market about the healthcare...
2024-02-27 9:08 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Fox Factory Holding Corp. (FOXF)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 26, 2024) - A recently filed securities fraud class action complaint alleges that Fox Factory Holding Corp. (NASDAQ: FOXF), through certain of its officers and directors, made misleading statements and omissions regarding the Company's business, financial condition, and prospects. Specifically, the Complaint alleges Defendants misled the market concerning demand for Fox Factory's products and inventory levels and that when the truth about...
2024-02-26 1:38 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of NAPCO Security Technologies, Inc. (NSSC)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 26, 2024) - A recently filed securities fraud class action complaint alleges that NAPCO Security Technologies, Inc. (NASDAQ: NSSC), through certain of its officers and directors, made materially false and/or misleading statements and/or failed to disclose that: (1) NAPCO failed to address any material weaknesses with internal controls regarding cost of goods sold ("COGS") and inventory; (2) NAPCO downplayed the severity of material...
2024-02-26 8:04 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Dick's Sporting Goods, Inc. (DKS)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 26, 2024) - A recently filed securities fraud class action complaint alleges that Dick's Sporting Goods, Inc., (NYSE: DKS) through certain of its officers and directors, made false and/or misleading statements and/or failed to disclose that: (i) demand for products in Dick's Outdoor segment was slowing faster than Defendants represented, resulting in excess inventory; (ii) the "structural changes" that Defendants repeatedly touted,...
2024-02-26 7:56 AM EST
Attention Long Term SolarEdge Technologies, Inc. (SEDG) Shareholders: Grabar Law Office Is Investigating Claims on Your Behalf
Philadelphia, Pennsylvania--(Newsfile Corp. - February 23, 2024) - A recently filed securities fraud class action complaint alleges that SolarEdge Technologies, Inc. (NASDAQ: SEDG), via certain of its officers and directors, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects including that: (1) the Company's distribution channels in Europe had higher than optimal inventory levels; (2)...
2024-02-23 8:49 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Masimo Corporation (MASI)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 22, 2024) - A securities fraud class action was recently filed that alleges that Masimo Corporation (NASDAQ: MASI), via certain of its officers and directors, concealed adverse facts related to Masimo's two core businesses - its traditional healthcare unit and its new Sound United acquisition (non-healthcare unit). First, it is alleged that Masimo, via certain of its officers and directors, misled the market about the healthcare...
2024-02-22 8:19 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of iRhythm Technologies, Inc. (IRTC)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 21, 2024) - A recently filed securities fraud class action complaint alleges that iRhythm Technologies, Inc. (NASDAQ: IRTC), via certain of its officers and directors, falsely represented to investors that the Zio AT monitor was a real-time monitor intended for high-risk patients. Specifically, the complaint alleges that Defendants repeatedly touted the potential growth for the Zio AT as an innovative product that had only just begun to...
2024-02-21 2:52 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Masimo Corporation (MASI)
Philadelphia, Pennsylvania--(Newsfile Corp. - February 20, 2024) - A securities fraud class action was recently filed that alleges that Masimo Corporation (NASDAQ: MASI), via certain of its officers and directors, concealed adverse facts related to Masimo's two core businesses - its traditional healthcare unit and its new Sound United acquisition (non-healthcare unit). First, it is alleged that Masimo misled the market about the healthcare division's inability to introduce successful new...
2024-02-20 9:20 AM EST