SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Super Micro Computer, Inc. - SMCI

Pomerantz LLP is investigating claims on behalf of investors of Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NASDAQ: SMCI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Super Micro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On March 17, 2024, the Wall Street Journal published an article entitled “Meet the Tech Company That Had a Better Year Than Nvidia”, reporting that Super Micro “has become a go-to supplier for companies and governments eager to participate in the AI boom” and reporting that the Company’s Chief Executive Officer (“CEO”) Charles Liang “said his goal was to be producing 5,000 racks of servers a month . . . by the middle of this year.” On March 19, 2024, in a filing with the U.S. Securities and Exchange Commission, Super Micro issued a clarification regarding CEO Liang’s comments, stating that the Company “is continuing to work towards achieving Mr. Liang’s stated capacity goal in the stated timeframe, but the Company’s ability to do so is dependent on its ability to address supply chain constraints on AI platform-related components (including GPUs, CPUs, networking cards and high performance memory), its ability to raise sufficient capital to fund this growth, continued demand for its products, including its AI-compatible servers, as well as other operational, strategic and industry risks”.

Following Super Micro’s clarification, the Company’s stock price fell $89.71 per share, or 8.96%, to close at $910.97 per share on March 19, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Sonder Holdings Inc. - SOND

Pomerantz LLP is investigating claims on behalf of investors of Sonder Holdings Inc. (“Sonder” or the “Company”) (NASDAQ: SOND). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Sonder and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On March 15, 2024, Sonder announced that it “recently identified accounting errors related to the valuation and impairment of operating lease right of use assets and related items for the fiscal years 2022 and 2023. The Company requires additional time to restate 2022 and 2023 financial statements,” further stating that it “expects that the restatements will increase the Company’s overall net loss and loss per share in the impacted periods.”

On this news, Sonder’s stock price fell $2.10 per share, or 38.18%, to close at $3.40 per share on March 18, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Fair Isaac Corporation- FICO

Pomerantz LLP is investigating claims on behalf of investors of Fair Isaac Corporation (“FICO” or the “Company”) (NYSE: FICO). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether FICO and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On March 12, 2024, U.S. Senator Josh Hawley sent a letter to the Antitrust Division of the U.S. Department of Justice, urging it to investigate FICO’s “potentially anticompetitive practices.” In the letter, Senator Hawley asserted that FICO “appears to be using its monopolistic power of the credit scoring market to increase costs for mortgage lenders—an increase that will be passed onto consumers.” Senator Hawley accused FICO of “astronomically hik[ing] its prices” “[i]n an apparent abuse of this market power”.

Following publication of Senator Hawley’s letter, FICO’s stock price fell $82.77 per share, or 6.23%, to close at $1,245.82 per share on March 13, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Bancorp, Inc. - TBBK

NEW March 25, 2024 (ACCESSWIRE) Pomerantz LLP is investigating claims on behalf of investors of The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ: TBBK). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether TBBK and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On March 21, 2024, TBBK shares sharply declined after activist short seller Culper Research (“Culper”) took aim at the bank holding company, alleging that TBBK has misrepresented the quality of its real estate bridge loan (“REBL”) portfolio and contending that TBBK’s related loss reserves are woefully inadequate. The report, entitled “The Bancorp Inc. (NASDAQ TBBK): Bridge to Nowhere,” was based on Culper's loan-by-loan analysis, visits to 21 different TBBK-funded properties in the prior 2 weeks, conversations with former TBBK employees including a REBL underwriter, and conversations with several TBBK borrowers/syndicators. Culper further stated that “TBBK's book also appears rife with unsophisticated syndicated borrowers[]” with “‘get rich quick dreams’ who believed that they could easily rehab units, fill them with tenants, increase rents, and cash out for quick ‘passive’ returns.” But, the analyst continued, “for these properties, none of these things have happened: costs have skyrocketed, vacancies remain high, rents have remained relatively stagnant, and interest rates have more than doubled.” In Culper's view “TBBK's $4.7 million in reserves, at just 0.24% of its REBL book, are a total farce.”

On this news, TBBK’s stock price fell $3.63 per share, or 10.15%, to close at $32.12 per share on March 21, 2024.

Attorney advertising. Prior results do not guarantee similar outcomes.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Shoals Technologies Group, Inc. - SHLS

Pomerantz LLP is investigating claims on behalf of investors of Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (NASDAQ: SHLS). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Shoals and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On November 7, 2023, Shoals filed its Quarterly Report on Form 10-Q for the third quarter of 2023 with the United States Securities and Exchange Commission and held an accompanying earnings call in which it was revealed that an issue involving excessive pull back of wire insulation, or “shrinkback,” was far more severe than previously disclosed. Specifically, the Company reported that the shrinkback issue affected 30% of Shoals’ harnesses installed between 2020 and 2022, booked a $50.2 million warranty expense for the quarter related to the shrinkback issue, and provided a range of potential loss related to the shrinkback issue of $59.7 million to $184.9 million.

On this news, Shoals’ stock price fell $3.28 per share over the next two trading days, or 20.2%, to close at $12.95 per share on November 9, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims on Behalf of Investors of Community Health, Inc. - CYH

Pomerantz LLP is investigating claims on behalf of investors of Community Health, Inc. (“Community Health” or the “Company”) (NYSE: CYH). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Community Health and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 21, 2024, Community Health disclosed in its Annual Report for 2023 that it was under investigation by the U.S. Department of Justice (“DOJ”). The Company revealed that it had received a Civil Investigative Demand from the DOJ on January 11, 2024, seeking “documents and information relating to a variety of subjects, including practices and procedures related to utilization review, inpatient admissions and inpatient dialysis at [the Company's] hospitals.”

On this news, Community Health’s stock price fell $1.14 per share, or 28.2%, to close at $2.90 per share on February 21, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims On Behalf of Investors of CI&T Inc. - CINT

Pomerantz LLP is investigating claims on behalf of investors of CI&T Inc. (“CI&T” or the “Company”) (NYSE: CINT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether CI&T and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On March 7, 2024, CI&T issued a press release stating that the Company had “identified certain non-cash accounting errors related to deferred income accounting for tax-deductible goodwill, as required under IFRS – International Financial Reporting Standard (‘IFRS’).” Accordingly, CI&T advised that “(i) the Company’s audited consolidated financial statements as of and for the year ended December 31, 2022, included in its annual report on Form 20-F for the year ended December 31, 2022 filed with the United States Securities and Exchange Commission (‘SEC’) on March 28, 2023, and (ii) the Company’s unaudited condensed consolidated interim financial statements as of and for the periods ended March 31, 2023, June 30, 2023 and September 30, 2023, each previously furnished to the SEC on a current report on Form 6-K, should no longer be relied upon[.]”

On this news, CI&T’s stock price fell $0.44 per share, or 9.89%, to close at $4.01 per share on March 7, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims on Behalf of Investors of Bridge Investment Group Holdings Inc. - BRDG

Pomerantz LLP is investigating claims on behalf of investors of Bridge Investment Group Holdings Inc. (“Bridge” or the “Company”) (NYSE: BRDG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Bridge and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 21, 2024, Bridge issued a press release reporting its financial results for the fourth quarter and full year 2023. Among other items, Bridge reported a net loss of $87.4 million for the year, citing “volatility within commercial real estate markets” and stating that “[f]und management fees for the quarter . . . were negatively impacted by $5.7 million related to Bridge Office Fund I fees that were deemed uncollectible due to market headwinds within the broader office sector.”

On this news, Bridge’s stock price fell $1.38 per share, or 15.83%, to close at $7.34 per share on February 22, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims on Behalf of Investors of Mister Car Wash, Inc. - MCW

Pomerantz LLP is investigating claims on behalf of investors of Mister Car Wash, Inc. (“MCW” or the “Company”) (NYSE: MCW). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether MCW and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 21, 2024, MCW issued a press release announcing its fourth quarter and fiscal year 2023 financial results. Among other items, MCW reported revenue of $230.1 million, missing consensus estimates by $0.32 million.

On this news, MCW’s stock price fell $0.90 per share, or 10.34%, to close at $7.80 per share on February 22, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims on Behalf of Investors of Biogen Inc. - BIIB

Pomerantz LLP is investigating claims on behalf of investors of Biogen Inc. (“Biogen” or the “Company”) (NASDAQ: BIIB). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Biogen and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 14, 2024, Biogen disclosed receipt of a subpoena from the U.S. Department of Justice seeking information about its “business operations in several foreign countries.”

On this news, Biogen's stock price fell $5.91 per share, or 2.6%, to close at $220.74 per share on February 14, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims on Behalf of Investors of World Acceptance Corporation - WRLD

Pomerantz LLP is investigating claims on behalf of investors of World Acceptance Corporation (“WAC” or the “Company”) (NASDAQ: WRLD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether WAC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 23, 2024, the Consumer Financial Protection Bureau announced that risks surrounding World Acceptance Corporation’s conduct warranted the need for federal supervision.

On this news, WAC’s stock price fell $11.23 per share, or 8.65%, to close at $118.59 per share on February 26, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims On Behalf of Investors of Alignment Healthcare, Inc. - ALHC

Pomerantz LLP is investigating claims on behalf of investors of Alignment Healthcare, Inc. (“Alignment” or the “Company”) (NASDAQ: ALHC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Alignment and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On or around March 29, 2021, Alignment conducted its initial public offering (“IPO”), selling 27.2 million shares of common stock priced at $18.00 per share. Then, on February 27, 2024, Alignment issued a press release reporting its fourth quarter and full-year 2023 financial results. Among other items, Alignment reported earnings per share of -$0.25, missing consensus estimates by $0.03.

On this news, Alignment’s stock price fell $1.26 per share, or 18.21%, to close at $5.66 per share on February 28, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims On Behalf of Investors of GitLab Inc. - GTLB

Pomerantz LLP is investigating claims on behalf of investors of GitLab Inc. (“GitLab” or the “Company”) (NASDAQ: GTLB). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980

The investigation concerns whether GitLab and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On or around October 14, 2021, Gitlab conducted its initial public offering, selling 10.4 million shares priced at $77.00 per share. Then, on March 4, 2024, Gitlab issued a press release reporting its fourth quarter and full fiscal year 2024 financial results, as well as issuing guidance for fiscal year 2025. For 2025, Gitlab said that it expects adjusted earnings per share ranging from $0.19 to $0.23, compared to analyst expectations of $0.37, with revenue ranging between $725 million and $731 million, compared to analyst expectations of $732.2 million.

On this news, Gitlab’s stock price fell sharply during intraday trading on March 5, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Announces the Filing of a Class Action Against Lyft, Inc. - LYFT

Pomerantz LLP announces that a class action lawsuit has been filed against Lyft, Inc. (“Lyft” or the “Company”) (NASDAQ: LYFT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Lyft and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until May 6, 2024, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Lyft securities between 4:05 p.m. and 4:51 p.m. on February 13, 2024 (the “Class Period”). A copy of the Complaint can be obtained at www.pomerantzlaw.com.

[Click here for information about joining the class action]

On February 13, 2024, at 4:05 p.m., Lyft issued a press release reporting its financial and operating results from the fourth quarter of 2023. The press release stated that Lyft anticipated an “[a]djusted EBITDA margin expansion . . . of approximately 500 basis points year-over-year.” In fact, Lyft only anticipated a 50-basis-point margin expansion. Following Lyft’s misstatement, the Company’s stock priced surged from its closing price of $12.13 per share to a high of $20.25 per share in aftermarket trading. On that same day, Lyft hosted a scheduled conference call to discuss the Company’s results, during which Chief Financial Officer Erin Brewer acknowledged and corrected the error in Lyft’s earnings release and clarified that the Company anticipated margin expansion of only 50 basis points, not 500. The Company subsequently issued a corrected earnings release at 6:02 p.m. on that same day.

Following Lyft’s correction of its error, the Company’s stock price fell $0.27 per share, or 2.18%, to close at $12.13 per share, damaging investors on February 13, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims On Behalf of Investors of UnitedHealth Group Incorporated - UNH

Pomerantz LLP is investigating claims on behalf of investors of UnitedHealth Group Incorporated (“UnitedHealth” or the “Company”) (NYSE: UNH). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980

The investigation concerns whether UnitedHealth and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 27, 2024, The Wall Street Journal (“WSJ”) reported that the U.S. Department of Justice (“DOJ”) has launched an antitrust investigation into UnitedHealth. Specifically, the WSJ reported that DOJ investigators have been interviewing healthcare industry representatives in sectors where UnitedHealth competes to determine the possible impacts of acquisitions made through its health services arm, Optum.

On this news, UnitedHealth’s stock price fell $27.04 per share, or 5.15%, over the following two trading sessions, to close at $498.28 per share on February 28, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Investigates Claims On Behalf of Investors of Luminar Technologies, Inc. - LAZR

Pomerantz LLP is investigating claims on behalf of investors of Luminar Technologies, Inc. (“Luminar” or the “Company”) (NASDAQ: LAZR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Luminar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On or around March 17, 2023, media outlets reported that the semiconductor developer Lidwave had accused Luminar of attempting to pass off a Lidwave chip as Luminar’s own technology after showing an image of the processor at a recent investor conference and in materials on its website, threatening Luminar with legal action. Luminar subsequently removed the images in question from its investor presentation and website.

On this news, Luminar’s stock price fell $0.68 per share, or 8.02%, to close at $7.80 per share on March 20, 2023. Then, on February 27, 2024, Luminar issued a press release reporting its fourth quarter and full-year 2023 financial results. Among other items, Luminar reported non-GAAP earnings per share of -$0.20 for the quarter, missing consensus estimates by $0.01, and revenue of $22.11 million, missing consensus estimates by $5.19 million.

On this news, Luminar’s stock price fell $0.12 per share, or 4.8%, to close at $2.38 per share on February 28, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Announces the Filing of a Class Action Against Snowflake Inc. - SNOW

Pomerantz LLP announces that a class action lawsuit has been filed against (“Snowflake” or the “Company”) (NYSE: SNOW). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Snowflake and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until April 29, 2024, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Snowflake securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.

[Click here for information about joining the class action]

On March 2, 2022, Snowflake reported results for its fourth fiscal quarter ended January 31, 2022 and disappointing fiscal 2023 guidance. The Company’s product revenue growth rate for fiscal 2023 was projected to be slashed to a range of 65% to 67%, far below the triple-digit growth and purportedly ongoing favorable business trends that Snowflake and its officers had previously highlighted. On a related earnings call also held on March 2, 2022, Chief Financial Officer Michael P. Scarpelli revealed that Snowflake customers were consuming at a reduced rate, which he blamed on “platform enhancements . . . which lowered credit consumption.”

On this news, Snowflake’s stock price fell $40.67 per share, or 15.37%, to close at $224.02 per share on March 3, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Announces the Filing of a Class Action Against The Children’s Place, Inc. – PLCE

Pomerantz LLP announces that a class action lawsuit has been filed against The Children’s Place, Inc. (“The Children’s Place” or the “Company”) (NASDAQ: PLCE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether The Children’s Place and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until April 29, 2024, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired The Children’s Place securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.

[Click here for information about joining the class action]

On February 9, 2024, before the market opened, The Children’s Place announced its preliminary fourth quarter fiscal year 2023 financial results. Therein, the Company revealed that it now expected fourth quarter net sales between $454 million and $456 million, falling short of previously issued guidance. The Company also disclosed that it expected to incur an adjusted operating loss in the fourth quarter in range of (9.0%) to (8.0%) of net sales, which reflected the impact of “lower than expected merchandise margins resulting from more aggressive promotions in an effort to maximize sales, higher than anticipated split shipments to meet customer e-commerce demand, and increased inventory valuation adjustment.”

On this news, The Children’s Place’s share price fell $7.25, or 37%, to close at $12.51 per share on February 9, 2024

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Announces the Filing of a Class Action Against Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II - KIND

Pomerantz LLP announces that a class action lawsuit has been filed against Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II (“Nextdoor” or the “Company”) (NYSE: KIND). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Nextdoor and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until April 29, 2024, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Nextdoor securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.

[Click here for information about joining the class action]

On March 1, 2022, Nextdoor reported its financial results for the fourth quarter and full year ending December 31, 2021. Despite previously claiming that accelerating growth trends were being sustained, the Company reported that the revenue growth rate in the fourth quarter had declined sequentially by 18% to 48% year-over-year growth. In addition, Nextdoor reported quarterly average revenue per weekly active user (“ARPU”) of $1.65, revealing that the ARPU growth rate in the quarter had declined substantially by 26% to just 12% year-over-year growth from 38% growth in the third quarter, which indicated that the Company’s ability to monetize its platform was faltering.

On this news, Nextdoor’s stock price fell $0.57 per share, or 14%, to close at $5.39 per share on March 4, 2022. Then, on November 8, 2022, Nextdoor filed with the U.S. Securities and Exchange Commission its quarterly report on Form 10-Q announcing the Company’s financial results for the third quarter ended September 30, 2022 (“3Q22 Form 10-Q”). The 3Q22 Form 10-Q revealed that Nextdoor’s business had continued to deteriorate. Specifically, the 3Q22 Form 10-Q reported that Nextdoor’s revenues during the quarter declined sequentially by $1 million to $54 million, representing just 2% year-over-year growth, and that the Company’s quarterly ARPU growth was increasingly negative, contracting by 12% compared to the prior year quarter.

During the Company’s corresponding earnings call, Chief Financial Officer Michael Doyle reported that Nextdoor was reducing revenue guidance again by an additional $12 million, warning investors that Nextdoor now expected fiscal 2022 revenues of just $210.5 million at the midpoint—far below the up to $256 million figure earlier provided to investors.

On this news, Nextdoor’s stock price fell $0.26 per share, or 11.21%, to close at $2.06 per share on November 9, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

Pomerantz Law Firm Announces the Filing of a Class Action Against Palo Alto Networks, Inc. - PANW

Pomerantz LLP announces that a class action lawsuit has been filed against Palo Alto Networks, Inc. (“Palo Alto Networks” or the “Company”) (NASDAQ: PANW). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Palo Alto Networks and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until April 26, 2024, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Palo Alto Networks securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.

[Click here for information about joining the class action]

On February 20, 2024, Palo Alto Networks announced its financial results for the second quarter of 2024 and lowered its third quarter and full-year billings and revenue guidance, with expected billings growth between 2-4% and total revenue growth between 13-15%. In an earnings call on the same day, Chief Executive Officer Nikesh Arora explained that “our guidance is a consequence of us driving a shift in our strategy in wanting to accelerate both our platformization and consolidation and activating our AI leadership.” Arora also revealed that U.S. federal government deals for several large projects did not close and resulted in “a significant shortfall in our U.S. federal government business” that is expected to continue into the third and fourth quarters of 2024. Arora further claimed, “[t]he situation started off towards the end of Q1 were worsened in Q2.”

On this news, Palo Alto Networks’ stock price fell $104.12 per share, or 28.44%, to close at $261.97 per share on February 21, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.