Latest news with #PomerantzLLP
Associated Press
5 days ago
- Business
- Associated Press
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Sarepta Therapeutics, Inc. of Class Action Lawsuit and Upcoming Deadlines
NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Sarepta Therapeutics, Inc. ('Sarepta' or the 'Company') (NASDAQ: SRPT). Such investors are advised to contact Danielle Peyton at [email protected] 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 Sarepta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until August 25, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Sarepta securities during the Class Period. A copy of the Complaint can be obtained at [Click here for information about joining the class action] On March 18, 2025, Sarepta issued a press release disclosing the death of 'a young man with Duchenne muscular dystrophy . . . following treatment with ELEVIDYS', Sarepta's Duchenne muscular dystrophy drug, 'having suffered acute liver failure.' On this news, Sarepta's stock price fell $27.81 per share, or 27.44%, to close at $73.54 per share on March 18, 2025. Then, on April 4, 2025, Sarepta disclosed that European Union member country authorities had requested that the independent data monitoring committee meet to review the death announced on March 18, 2025. Sarepta simultaneously halted recruitment and dosing in some of the ELEVIDYS clinical studies. On this news, Sarepta's stock price fell $4.18 per share, or 7.13%, to close at $54.43 per share on April 4, 2025. Then, on June 15, 2025, Sarepta issued a press disclosing a second fatality from acute liver failure in a patient treated with ELEVIDYS. As a result, Sarepta halted its ongoing clinical trial and temporarily suspended distribution of ELEVIDYS for non-ambulatory patients. On this news, Sarepta's stock price fell $15.24 per share, or 42.12%, to close at $20.94 per share on June 16, 2025. On June 24, 2025, the U.S. Food and Drug Administration ('FDA') issued a Safety Communication announcing it had received reports of two deaths and was investigating the risk of acute liver failure with serious outcomes following treatment with ELEVIDYS. The Safety Communication stated that the FDA was evaluating the need for further regulatory action. On this news, Sarepta's stock price fell $1.52 per share, or 8.01%, to close at $17.46 per share on June 25, 2025. 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 Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980
Yahoo
03-07-2025
- Business
- Yahoo
Lawsuit targets Michael Saylor's Strategy as firm's Bitcoin stash exceeds $65 billion
Lawsuit targets Michael Saylor's Strategy as firm's Bitcoin stash exceeds $65 billion originally appeared on TheStreet. Strategy (Nasdaq: MSTR), the world's leading Bitcoin treasury company, is facing a class-action lawsuit filed by a New York-based law firm, Pomerantz LLP, over the alleged loss of $5.9 billion. Pomerantz LLP said on July 2 that it has filed the lawsuit against Strategy, earlier known as MicroStrategy, in the District Court for the Eastern District of Virginia. A class action is a type of lawsuit where one or more plaintiffs can file a case on behalf of a group of people who have suffered the same loss or misstatement. The lawsuit is filed on behalf of all investors who acquired securities between April 30, 2024 and April 4, 2025, which alleges that the company violated federal securities laws and misled its investors by overstating the profitability of its Bitcoin treasury operations. The class-action suit talks in length about the company adopting the Financial Accounting Standards Board's accounting standards or ASU 2023-08 since Jan. 1, 2025. ASU 2023-08 requires public companies to fairly report their crypto assets in financial statements while factoring in both unrealized gains and losses. Earlier, the company used the cost-less-impairment accounting model. It wrote losses only when Bitcoin's price depreciated below the acquisition price and didn't register price hikes unless it sold Bitcoin. So unless there was a sale, the company didn't register any price depreciation in Bitcoin's price in its lawsuit claims that Strategy downplayed the risks of the new accounting model on financial statements even as the company advised investors that it expected the adoption of the new model to "materially" impact the statements. Not only that, the company marketed "rosy" assessments of its performance as a Bitcoin treasury company after adopting the new accounting model, the lawsuit claims. The lawsuit refers to the unrealized loss of $5.91 billion in Bitcoin that Strategy suffered during the first quarter of 2025, thanks to the adoption of the new accounting model and Bitcoin's price dip. The MSTR stock dipped as much as 8% following the news on Apr. 7. This isn't the only lawsuit that the company has been hit with. There are at least five similar suits, including by a law firm called Levi & Korsinsky and a plaintiff, against the the company's co-founder and executive chairman, Michael Saylor, is a firm Bitcoin advocate who believes the cryptocurrency will hit the price of $13 million by 2045. The company holds 597,325 BTC worth more than $65 billion on its balance sheet, making it the world's largest public corporate holder of Bitcoin. The MSTR stock closed at $403.99 on June 3, up 0.43% a day. As per Kraken, BTC was exchanging hands at $109,466.32 at the time of writing. TheStreet Roundtable reached out to Strategy for a comment on the development and has not received a response so far. We will update the story if and when the company responds. Lawsuit targets Michael Saylor's Strategy as firm's Bitcoin stash exceeds $65 billion first appeared on TheStreet on Jul 3, 2025 This story was originally reported by TheStreet on Jul 3, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
03-07-2025
- Business
- Associated Press
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Coinbase Global, Inc.- COIN
NEW YORK, July 03, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Coinbase Global, Inc. ('Coinbase' or the 'Company') (NASDAQ: COIN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Coinbase 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 May 5, 2025, media outlets reported that a cybercriminal had exploited a vulnerability in TeleMessage, an archiving and messaging platform that allows organizations to capture and store mobile communications, and that Coinbase was among the companies affected by this hack. Then, on May 11, 2025, Coinbase submitted a Data Breach Notification to the Office of the Attorney General of Maine, which disclosed a data breach occurring on December 26, 2024, and having been discovered on May 11, 2025. Coinbase described the breach as the result of 'insider wrongdoing.' On May 14, 2025, Coinbase disclosed in a filing with the U.S. Securities and Exchange Commission that the Company had 'received an email communication from an unknown threat actor claiming to have obtained information about certain Coinbase customer accounts, as well as internal Coinbase documentation, including materials related to customer-service and account-management systems [,]' which 'demanded money in exchange for not disclosing the information.' Then, on May 15, 2025, Coinbase Chief Executive Officer Brian Armstrong announced in a social media post about the hack that criminals had improperly obtained personal data on the exchange's customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the information. Armstrong said that criminals had obtained the data by bribing Coinbase customer service agents. On this news, Coinbase's stock price fell $18.97 per share, or 7.2%, to close at $244.44 per share on May 15, 2025. 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 Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980
Business Upturn
06-06-2025
- Business
- Business Upturn
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NWTN Inc.
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of NWTN Inc. ('NWTN' or the 'Company') (NASDAQ: NWTN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether NWTN 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 May 28, 2025, NWTN disclosed receipt of a determination notice from Nasdaq, informing the Company that its securities will be delisted from Nasdaq in accordance with its listing rules. On this news, NWTN's stock price fell $0.72 per share, or 32%, over the following two trading sessions, to close at $1.53 per share on May 30, 2025. 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 Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP [email protected] 646-581-9980 ext. 7980
Business Upturn
06-06-2025
- Business
- Business Upturn
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Summit Therapeutics Inc.
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Summit Therapeutics Inc. ('Summit' or the 'Company') (NASDAQ: SMMT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Summit 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 May 30, 2025, Summit issued a press release 'announc[ing] topline results from the Phase III clinical trial, HARMONi, the first global Phase III study evaluating ivonescimab[.]' Although patients treated with ivonescimab and chemotherapy were 48% less likely to progress or die than patients who received chemo alone, the drug failed to make a statistically significant difference in overall survival, a metric that measures how long patients live before dying of any cause. On this news, Summit's stock price fell $7.99 per share, or 30.5%, to close at $18.22 per share on May 30, 2025. 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 Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP [email protected] 646-581-9980 ext. 7980
