Grabar Law Office Investigates Claims on Behalf of Shareholders of Innovage Holding Corp (INNV)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 27, 2023) - Grabar Law Office is investigating potential claims against the officers and directors of InnovAge Holding Corp. on behalf of current long-term stockholders. 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...
2023-12-27 8:54 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Paycom Software, Inc. (PAYC)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 27, 2023) - Grabar Law Office is investigating potential claims against the officers and directors of Paycom Software, Inc. on behalf of current long-term stockholders. A recently filed securities fraud class action complaint alleges that Paycom (NYSE: PAYC), via certain of its officers and directors, made materially false and/or misleading statements and/or failed to disclose that: (1) Paycom's Beti product led to cannibalization of the...
2023-12-27 8:51 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Illumina, Inc. (ILMN)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 27, 2023) - A recently filed securities fraud complaint alleges current and former directors of Illumina, Inc. (NASDAQ: ILMN), breached their fiduciary duty owed to the Company. The Complaint was filed under seal, but according to Reuters, the investor "told the 13D Monitor Active-Passive Investor Summit in New York on Tuesday that the lawsuit pertained to Illumina completing its acquisition of cancer diagnostic test maker Grail." This...
2023-12-27 8:44 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Inspire Medical Systems, Inc. (INSP)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 27, 2023) - 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...
2023-12-27 8:41 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Roblox Corporation (RBLX)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 26, 2023) - A recently filed securities fraud class action complaint alleges that Roblox Corporation (NYSE: RBLX), via certain of its officers and directors, made material misrepresentations to investors concerning Roblox's bookings growth and the adequacy of its user protection controls. Current Roblox shareholders who have held Roblox stock since on or shortly after the Company's March 10, 2021 direct listing can seek corporate reforms,...
2023-12-26 3:32 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of FMC Corporation (FMC)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 26, 2023) - 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...
2023-12-26 3:28 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of SunPower Corp. (SPWR)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 26, 2023) - A recently filed securities fraud class action complaint, now pending a motion to dismiss, alleges that SunPower Corporation (NASDAQ: SPWR), via certain of its officers and directors, misled investors by failing to disclose that: (1) certain connectors used by SunPower suffered from cracking issues; (2) that, as a result, the Company was reasonably likely to incur costs to remediate the faulty connectors; (3) that, as a result...
2023-12-26 3:24 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of SentinelOne, Inc. (S)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 26, 2023) - A recently filed securities fraud class action complaint alleges that SentinelOne, Inc. (NYSE: S), 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) that the Company lacked effective internal controls over accounting and financial reporting; (2) that, as a result, the Company's "Annualized...
2023-12-26 10:23 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Leslie's, Inc. (LESL)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 26, 2023) - 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...
2023-12-26 10:18 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of SunPower Corp. (SPWR)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 21, 2023) - A recently filed securities fraud class action complaint, now pending a motion to dismiss, alleges that SunPower Corporation (NASDAQ: SPWR), via certain of its officers and directors, misled investors by failing to disclose that: (1) due to a material weakness in its internal controls over financial reporting, the Company had inaccurately reported cost of revenue and inventory metrics; (2) as a result of the foregoing the...
2023-12-21 7:35 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Leslie's, Inc. (LESL)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 21, 2023) - A federal securities fraud class action complaint alleges that Leslie's, Inc. (NASDAQ: LESL), via certain of its officers and directors, misled investors and/or 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...
2023-12-21 7:29 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Roblox Corporation (RBLX)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 13, 2023) - A recently filed securities fraud class action complaint alleges that Roblox Corporation (NYSE: RBLX), via certain of its officers and directors, made material misrepresentations to investors concerning Roblox's bookings growth and the adequacy of its user protection controls. Current Roblox shareholders who have held Roblox stock since on or shortly after the Company's March 10, 2021 direct listing can seek corporate reforms,...
2023-12-13 9:44 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of FMC Corporation (FMC)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 7, 2023) - 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 and failed to disclose material adverse facts 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...
2023-12-07 10:57 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Owlet, Inc. (OWLT) FKA Sandbridge Acquisition Corp (SBG)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 5, 2023) - On October 4, 2021, Owlet, Inc. (NYSE: OWLT) revealed that it had received a warning letter from the U.S. Food and Drug Administration ("FDA"), which stated that "the Company's marketing of its Owlet Smart Sock product . . . renders [it] a medical device requiring premarket clearance or approval from FDA." Owlet has not obtained such clearance or approval. Moreover, the FDA requested that the Company cease commercial...
2023-12-05 8:50 AM EST
Grabar Law Office Investigates Claims on Behalf of Current Shareholders Veradigm, Inc. (MDRX)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 5, 2023) - A securities fraud class action lawsuit alleges that Veradigm, Inc. (NASDAQ: MDRX) made false and/or misleading statements and/or failed to disclose that: (i) Veradigm had overstated its historical revenues by at least $20 million; (ii) Veradigm had artificially inflated its revenue by recording duplicate transactions, among other things, over a more than two-year period; (iii) Veradigm had artificially inflated its earnings...
2023-12-05 8:41 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Roblox Corporation (RBLX)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 5, 2023) - A recently filed securities fraud class action complaint alleges that Roblox Corporation (NYSE: RBLX), via certain of its officers and directors, made material misrepresentations to investors concerning Roblox's bookings growth and the adequacy of its user protection controls. User protection controls are a particular concern for the Company as about half of the Company's users are under the age of 13, thus exposing Roblox to...
2023-12-05 8:36 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of BioXcel Therapeutics, Inc. (BTAI)
Philadelphia, Pennsylvania--(Newsfile Corp. - December 5, 2023) - A recently filed securities fraud class action complaint alleges that BioXcel Therapeutics Inc. (NASDAQ: BTAI), via certain 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) that the Company lacked adequate internal controls over protocol adherence and data integrity; (2)...
2023-12-05 8:32 AM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of BioXcel Therapeutics, Inc. (BTAI)
Philadelphia, Pennsylvania--(Newsfile Corp. - November 29, 2023) - A recently filed securities fraud class action complaint alleges that BioXcel Therapeutics Inc. (NASDAQ: BTAI), via certain 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. Specifically, the complaint alleges Defendants failed to disclose to investors: (1) that the Company lacked adequate...
2023-11-29 9:42 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Roblox Corporation (RBLX)
Philadelphia, Pennsylvania--(Newsfile Corp. - November 28, 2023) - A recently filed securities fraud class action complaint alleges that Roblox Corporation (NYSE: RBLX), via certain of its officers and directors, made material misrepresentations to investors concerning Roblox's bookings growth and the adequacy of its user protection controls. User protection controls are a particular concern for the Company as about half of the Company's users are under the age of 13, thus exposing Roblox to...
2023-11-28 4:30 PM EST
Grabar Law Office Investigates Claims on Behalf of Shareholders of Owlet, Inc. (OWLT)
Philadelphia, Pennsylvania--(Newsfile Corp. - November 28, 2023) - On October 4, 2021, Owlet, Inc. (NYSE: OWLT) revealed that it had received a warning letter from the U.S. Food and Drug Administration ("FDA"), which stated that "the Company's marketing of its Owlet Smart Sock product . . . renders [it] a medical device requiring premarket clearance or approval from FDA." Owlet has not obtained such clearance or approval. Moreover, the FDA "requests the Company cease commercial distribution...
2023-11-28 2:06 PM EST