Grabar Law Office Investigates Claims on Behalf of Shareholders of Vertex Energy, Inc. (VTNR)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 26, 2024) - Grabar Law Office is investigating potential claims on behalf of Vertex Energy, Inc. (NASDAQ: VTNR) shareholders. The investigation concerns whether certain officers of Vertex Energy have breached their fiduciary duties owed to the company. In early 2021, Vertex Energy announced that it had reached an agreement to acquire an oil refinery located in Mobile, Alabama and a key component of the acquisition was Vertex Energy's plan...
2024-01-26 7:45 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. - January 26, 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:...
2024-01-26 8:15 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of DocGo Inc. (DCGO)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 24, 2024) - In spring 2023, New York City's Mayor announced a new policy calling for the city to relocate migrants outside of New York City's five boroughs. To oversee the relocation program, New York City awarded DocGo a no-bid $432 million contract (the "Relocation Contract") that took effect in early May 2023. The contract required DocGo to house migrants and provide them with services including case management, medical care, food,...
2024-01-24 4:40 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Bioventus Inc. (BVS)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 24, 2024) - A securities fraud class action complaint alleges that Bioventus (NASDAQ: BVS), through certain of its officers and directors, made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges that the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (i) Bioventus suffered from...
2024-01-24 3:14 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Cummins Inc. (CMI)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 24, 2024) - Per a press release issued by the DOJ on January 10, 2024, the "United States and California Announce Diesel Engine Manufacturer Cummins Inc. Agrees to Pay a Record $1.675 Billion Civil Penalty in Vehicle Test Cheating Settlement." A recently filed securities fraud class action complaint further alleges that Cummins (NYSE: CMI), via certain of its officers and directors, made materially false and/or misleading statements and/or...
2024-01-24 3:06 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Leslie's, Inc. (LESL)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 22, 2024) - A federal securities fraud class action complaint alleges that Leslie's, Inc. (NASDAQ: LESL), via certain of its officers and directors, misled investors when it failed to disclose that (1) the Company's growth was caused by customers over purchasing products; (2) such sales inflated revenues and earnings and were not indicative of durable and sustainable demand or financial growth; (3) the Company prolonged the inflated...
2024-01-22 8:43 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of InnovAge Holding Corp (INNV) as Class Action Survives Motion to Dismiss
Philadelphia, Pennsylvania--(Newsfile Corp. - January 22, 2024) - Claims alleged in a securities fraud class action complaint against InnovAge (NASDAQ: INNV) have survived a motion to dismiss. As alleged, on March 4, 2021, InnovAge went public as certain of its officers and directors boasted that the healthcare provider's meteoric growth over the previous four years resulted from a business model that provided comprehensive care for the most frail seniors in the United States. InnovAge...
2024-01-22 8:37 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Inspire Medical Systems, Inc. (INSP)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 22, 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...
2024-01-22 8:32 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Cummins Inc. (CMI)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 19, 2024) - On December 22, 2023, the United States Department of Justice released a press release entitled "Attorney General Merrick Garland Statement on the Agreement in Principle with Cummins Inc. (NYSE: CMI) to Settle Alleged Installation of Illegal Defeat Devices in Engines." The press release stated that Cummins "allegedly installed defeat devices on 630,000 model year 2013 to 2019 RAM 2500 and 3500 pickup truck engines", but then...
2024-01-19 3:14 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Aldeyra Therapeutics, Inc. (ALDX)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 12, 2024) - A recently filed securities fraud class action complaint alleges that Aldeyra Therapeutics, Inc. (NASDAQ: ALDX), through certain of its officers and directors, made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically the Company made false and misleading statements about or failed to disclose: (i) the ADX-2191 new drug application ("NDA") did not include adequate...
2024-01-12 7:51 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Leslie's, Inc. (LESL)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 12, 2024) - A federal securities fraud class action complaint alleges that Leslie's, Inc. (NASDAQ: LESL), via certain of its officers and directors, misled investors when it failed to disclose that (1) the Company's growth was caused by customers over purchasing products; (2) such sales inflated revenues and earnings and were not indicative of durable and sustainable demand or financial growth; (3) the Company prolonged the inflated...
2024-01-12 7:48 AM EST
Grabar Law Office Investigates Claims on Behalf of TaskUs, Inc. (TASK) Shareholders as Securities Fraud Class Action Survives Motion to Dismiss
Philadelphia, Pennsylvania--(Newsfile Corp. - January 10, 2024) - A recently filed securities fraud class action complaint against TaskUs, Inc. (NASDAQ: TASK) has survived a motion to dismiss. That complaint alleges that TaskUs, via certain of its officers and directors, made materially false and misleading positive statements about its business, when in truth: (1) TaskUs was experiencing severe financial strain and business challenges; (2) the Content Security market was smaller than...
2024-01-10 1:38 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Driven Brands Holdings Inc. (DRVN)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 8, 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; and...
2024-01-08 10:29 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Leslie's, Inc. (LESL)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 8, 2024) - A federal securities fraud class action complaint alleges that Leslie's, Inc. (NASDAQ: LESL), via certain of its officers and directors, misled investors when it failed to disclose that (1) the Company's growth was caused by customers over purchasing products; (2) such sales inflated revenues and earnings and were not indicative of durable and sustainable demand or financial growth; (3) the Company prolonged the inflated...
2024-01-08 9:14 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Hawaiian Electric Industries, Inc. (HE)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 8, 2024) - A recently filed securities fraud class action complaint alleges that the Hawaiian Electric Industries, Inc. (NYSE: HE), through certain of its officers and directors, made false and/or misleading statements and/or failed to disclose that: (i) Hawaiian Electric's wildfire prevention and safety protocols and procedures were inadequate to meet the challenges for which they were ostensibly designed; (ii) accordingly, despite...
2024-01-08 8:48 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Aldeyra Therapeutics, Inc. (ALDX)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 8, 2024) - A recently filed securities fraud class action complaint alleges that Aldeyra Therapeutics, Inc. (NASDAQ: ALDX), through certain of its officers and directors, made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically the Company made false and misleading statements about or failed to disclose: (i) the ADX-2191 new drug application ("NDA") did not include adequate...
2024-01-08 8:40 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Hawaiian Electric Industries, Inc. (HE)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 5, 2024) - A recently filed securities fraud class action complaint alleges that the Hawaiian Electric Industries, Inc. (NYSE: HE), through certain of its officers and directors made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, it is alleged that false and/or misleading statements and/or failures in to disclose were made relating to the fact that: (i)...
2024-01-05 8:40 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Aldeyra Therapeutics, Inc. (ALDX)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 4, 2024) - A recently filed securities fraud class action complaint alleges that Aldeyra Therapeutics, Inc. (NASDAQ: ALDX), through certain of its officers and directors, made materially false and misleading statements regarding the Company's business, operations, and prospects as pertains to the facts that: (i) the ADX-2191 new drug application ("NDA") did not include adequate and well-controlled investigations and thus failed to show...
2024-01-04 2:36 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Inspire Medical Systems, Inc. (INSP)
Philadelphia, Pennsylvania--(Newsfile Corp. - January 3, 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...
2024-01-03 8:15 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Driven Brands Holdings Inc. (DRVN)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 27, 2023) - 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;...
2023-12-27 9:24 AM EST