Grabar Law Office Investigates Claims on Behalf of Shareholders of Enovix Corp. (ENVX)
Philadelphia, Pennsylvania--(Newsfile Corp. - July 19, 2023) - According to a recently filed securities fraud class action complaint, Enovix (NASDAQ: ENVX) overstated its ability to produce batteries at scale, instead touting the Company's "meaningful progress" in scaling up its manufacturing facility, and its being positioned to deliver batteries ahead of competitions, despite its continued manufacturing issues. Current Enovix shareholders who have held Enovix shares or the RSVAC SPAC since...
2023-07-19 12:51 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Baxter International Inc. (BAX)
Philadelphia, Pennsylvania--(Newsfile Corp. - July 14, 2023) - A recently filed securities fraud class action complaint alleges that Baxter International Inc. (NYSE: BAX), through certain of its officers and directors, materially misrepresented and/or concealed the true nature and severity of supply chain problems it was encountering and the impact these problems were having on the Company's current and expected earnings. Defendants' failure to disclose Baxter's true problems relating to its...
2023-07-14 12:29 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Enovix Corp. (ENVX)
Philadelphia, Pennsylvania--(Newsfile Corp. - July 13, 2023) - On July 15, 2021, Enovix (NASDAQ: ENVX) became a publicly traded company by merging with a special purpose acquisition company ("SPAC"), after being acquired by the Rodgers Silicon Valley Acquisition Corp. ("RSVAC") on July 14, 2021. According to a recently filed securities fraud class action complaint, it is alleged that Defendants overstated Enovix's ability to produce batteries at scale, touting the Company's "meaningful...
2023-07-13 1:47 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Horizon Bancorp, Inc. (HBNC)
Philadelphia, Pennsylvania--(Newsfile Corp. - July 13, 2023) - According to a recently filed securities class action Complaint, it is alleged that between March 9, 2022 and March 10, 2023, Horizon Bancorp, Inc. (NASDAQ: HBNC) via certain officers and directors, made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company maintained...
2023-07-13 1:08 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of National Vision Holdings, Inc. (EYE)
Philadelphia, Pennsylvania--(Newsfile Corp. - July 5, 2023) - A securities fraud class action complaint alleges that certain officers of National Vision (NASDAQ: EYE) failed to disclose that: (i) National Vision was experiencing extraordinary wage and labor pressures as a result of intense competition and disruptions in the labor market due to the COVID-19 pandemic; (ii) National Vision had made a significant multi-million dollar investment in wage and compensation payments to its vision care...
2023-07-05 1:39 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of PureCycle Technologies, Inc. (PCT) fka Roth CH Acquisition I Co (ROCH)
Philadelphia, Pennsylvania--(Newsfile Corp. - July 5, 2023) - An federal securities fraud class action complaint alleges that PureCycle (NASDAQ: PCT), via certain officers and directors, made false and/or misleading statements and/or failed to disclose that: (i) the technology PureCycle licensed from Procter & Gamble is not proven and presents serious issues even at lab scale; (ii) the challenges posed by the availability and competition for the raw materials necessary to commercialize the...
2023-07-05 9:07 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Shattuck Labs, Inc. (STTK) After Class Action Settlement Is Preliminarily Approved
Philadelphia, Pennsylvania--(Newsfile Corp. - June 27, 2023) - On or about October 9, 2020, Defendants held an IPO, issuing approximately 13,664,704 shares to the investing public at $17.00 per share, pursuant to the Registration Statement. The Registration Statement emphasized the importance of Shattuck's (NASDAQ: STTK) August 8, 2017 collaboration agreement with Millennium Pharmaceuticals, Inc., or Takeda, a wholly owned subsidiary of Takeda Pharmaceutical Company, Ltd. An underlying...
2023-06-27 10:24 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of PureCycle Technologies, Inc. (PCT)
Philadelphia, Pennsylvania--(Newsfile Corp. - June 27, 2023) - On November 16, 2020, PureCycle (NASDAQ: PCT) issued a press release announcing plans to become a publicly traded company via a merger with Roth CH Acquisition I Co ("Roth Acquisition"). Roth Acquisition was set up as a special purpose acquisition company (commonly referred to as a SPAC). Roth Acquisition's shares traded on the NASDAQ stock exchange under the ticker symbol "ROCH." An underlying federal securities fraud complaint...
2023-06-27 8:46 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Dutch Bros Inc. (BROS)
Philadelphia, Pennsylvania--(Newsfile Corp. - June 27, 2023) - A recently filed securities fraud class action Complaint alleges that Dutch Bros, (NYSE: BROS) through 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. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company was experiencing increased...
2023-06-27 8:14 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Stanley Black & Decker, Inc. (SWK)
Philadelphia, Pennsylvania--(Newsfile Corp. - June 27, 2023) - A recently filed securities fraud class action Complaint alleges that Stanley made materially false and/or misleading statements and/or failed to disclose that: i) rising interest rates, inflation, and trends in returning to work away from home were in fact quickly eroding demand for Stanley's tools and outdoor products; (ii) the heightened, extraordinary demand Stanley had enjoyed as a result of the COVID-19 pandemic in 2021 into...
2023-06-27 7:49 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Catalent, Inc. (CTLT)
Philadelphia, Pennsylvania--(Newsfile Corp. - June 26, 2023) - Grabar Law Office is investigating potential claims on behalf of Catalent, Inc. (NYSE: CTLT) shareholders. The investigation concerns whether certain officers of Catalent have breached their fiduciary duties owed to the company. The underlying securities fraud complaint alleges that by mid-2021, when COVID-related work dropped off, Defendants engaged in accounting and channel stuffing schemes to pad the Company's revenues. It is...
2023-06-26 11:34 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Charles River Laboratories International, Inc. (CRL)
Philadelphia, Pennsylvania--(Newsfile Corp. - June 26, 2023) - A federal securities fraud class action complaint has been filed against Charles River Laboratories International, Inc. (NYSE: CRL). The lawsuit alleges 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 activity...
2023-06-26 9:54 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Lumen Technologies, Inc. (LUMN)
Philadelphia, Pennsylvania--(Newsfile Corp. - June 26, 2023) - A recently filed securities class action Complaint alleges that Lumen, via certain of its officers and directors, made materially false and/or misleading statements and/or failed to disclose that: (i) various headwinds were impeding the Company's ability to invest in and grow its Quantum Fiber brand; (ii) Lumen's Quantum Fiber business was not progressing as was represented to the investing public; (iii) Lumen's management was...
2023-06-26 9:53 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Charles River Laboratories International, Inc. (CRL)
Philadelphia, Pennsylvania--(Newsfile Corp. - May 30, 2023) - Charles River (NYSE: CRL) has received a subpoena from the U.S. Department of Justice over an investigation into the supply of non-human primates from Cambodia. A federal securities fraud class action complaint has been filed against Charles River Laboratories International, Inc. The lawsuit alleges Charles River, via certain of its officers and directors, made materially false and/or misleading statements and/or failed to disclose...
2023-05-30 10:12 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Charles River Laboratories International, Inc. (CRL)
Philadelphia, Pennsylvania--(Newsfile Corp. - May 26, 2023) - Grabar Law Office is investigating claims on behalf of Charles River Laboratories International, Inc. (NYSE: CRL) shareholders. The investigation concerns whether certain officers of Rocket Companies have breached their fiduciary duties owed to the company. Charles River has received a subpoena from the U.S. Department of Justice over an investigation into the supply of non-human primates from Cambodia. Charles River expects...
2023-05-26 8:30 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Charles River Laboratories International, Inc. (CRL)
Philadelphia, Pennsylvania--(Newsfile Corp. - May 22, 2023) - Grabar Law Office is investigating claims on behalf of Charles River Laboratories International, Inc. (NYSE: CRL) shareholders. The investigation concerns whether certain officers of Rocket Companies have breached their fiduciary duties owed to the company. A federal securities class action lawsuit has been filed against Charles River Laboratories International, Inc. The lawsuit alleges Charles River, via certain officers and...
2023-05-22 4:25 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Torrid Holdings Inc. (CURV)
Philadelphia, Pennsylvania--(Newsfile Corp. - May 18, 2023) - Grabar Law Office is investigating claims on behalf of Torrid Holdings Inc. (NYSE: CURV) shareholders. The investigation concerns whether certain officers and directors of Torrid Holdings have breached their fiduciary duties owed to the company. A securities fraud class action complaint alleges that the Registration Statement for the IPO created the misleading impression that Torrid's impressive growth trajectory was then...
2023-05-18 4:35 PM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Interface, Inc. (TILE) As Securities Fraud Class Action Reaches Settlement
Philadelphia, Pennsylvania--(Newsfile Corp. - May 12, 2023) - A securities fraud class action complaint filed against Interface, Inc. (NASDAQ: TILE) has reached an agreed settlement. The underlying securities fraud class action complaint alleges that Interface, Inc., through certain of its officers and directors, made materially false and misleading statements regarding the Company's business, operations and compliance policies, including that: (i) Interface had inadequate disclosure controls...
2023-05-12 9:30 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Loop Industries, Inc. (LOOP) After Securities Fraud Class Action Settles for $3.1 Million
Philadelphia, Pennsylvania--(Newsfile Corp. - May 12, 2023) - A securities fraud class action complaint alleged that Loop (NASDAQ: LOOP) through 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: (1) that Loop scientists were encouraged to misrepresent the results of Loop's purportedly proprietary process; (2) that Loop did not have...
2023-05-12 9:24 AM EDT
Grabar Law Office Investigates Claims on Behalf of Shareholders of Loop Industries, Inc. (LOOP) as Securities Fraud Class Action Settles
Philadelphia, Pennsylvania--(Newsfile Corp. - May 10, 2023) - Grabar Law Office is investigating potential claims on behalf of Loop Industries, Inc. (NASDAQ: LOOP) shareholders. The investigation concerns whether certain officers and director of Loop have breached their fiduciary duties owed to the company. A securities fraud class action complaint alleges that Loop, through certain of its officers and directors made materially false and/or misleading statements, as well as failed to disclose...
2023-05-10 10:56 PM EDT