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Associated Press
a day ago
- Business
- Associated Press
Law Offices of Howard G. Smith Encourages Vestis Corporation (VSTS) Investors to Inquire About Securities Fraud Class Action
BENSALEM, Pa.--(BUSINESS WIRE)--Jun 13, 2025-- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Vestis Corporation ('Vestis' or the 'Company') (NYSE: VSTS ) securities between May 2, 2024, to May 6, 2025, inclusive (the 'Class Period'). Vestis investors have until August 8, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN VESTIS CORPORATION (VSTS), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at What Happened? On May 7, 2025, Vestis released its second quarter fiscal 2025 financial results and revised its prior growth and revenue guidance for 2025, providing guidance for the third quarter, falling significantly below market expectations. The Company explained that the poor results were partially due to 'lost business in excess of new business' but primarily on 'lower adds over stops, which is how [it] describe[s] volumes changes with [its] existing customers.' On this news, Vestis's stock price fell $3.27, or 37.5%, to close at $5.44 per share on May 7, 2025, thereby injuring investors. What Is the Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants 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, Defendants failed to disclose to investors that: (1) the Company was not equipped to achieve its growth guidance as the realization of these efforts instead resulted in a significant decline of revenue from existing customers; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Contact Us to Participate or Learn More: If you purchased Vestis securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, Pennsylvania 19020 Telephone: (215) 638-4847 Email: [email protected] Visit our website at: This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on CONTACT: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 [email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: Law Offices of Howard G. Smith Copyright Business Wire 2025. PUB: 06/13/2025 02:56 PM/DISC: 06/13/2025 02:55 PM
CBS News
26-05-2025
- CBS News
Bensalem man facing charges after chasing man with knife, attempting to run him over multiple times, police say
A man from Bensalem, Pennsylvania, was arrested and charged with multiple offenses after police say he chased a man with a knife, and then attempted to run him over in his SUV "numerous times." According to a release, police were called to the intersection of Bristol Pike and Red Lion Road in Bensalem just after 4 p.m. on Saturday, May 24, for a reported disturbance. When police arrived, the victim stated that a man, unknown to him, pulled up next to him and began screaming. The man, who police identified as Jeffrey Santucci, then exited the vehicle with a large knife in his hand and chased the man. When Santucci was unable to catch him, that's when police say he got into his SUV and attempted to run the man over. He then stopped, backed up and tried to run him over again. Santucci then went south on Bristol Pike, immediately made a U-turn, and attempted to run the man over a third time. After that, he entered Philadelphia via Red Lion Road and then returned to Bristol Pike traveling north. Police said he swerved across traffic onto Red Lion Road and attempted again to run over the victim, who was standing on the side of the road. He then spun his tires and did circles, trying to strike the victim a fifth time before finally fleeing northbound on Bristol Pike. The entire incident was captured on surveillance video, police said. Santucci was arrested and charged with aggravated assault, simple assault, reckless endangerment of another person, and other related offenses. He was released from custody after bail was set at $75,000 unsecured. Police said Santucci was possibly jealous of a woman that the victim was dating, and that may have motivated the attack.
Associated Press
23-05-2025
- Business
- Associated Press
Deadline Approaching: MicroStrategy Incorporated (MSTR) Investors Who Lost Money Urged To Contact Law Offices of Howard G. Smith
BENSALEM, Pa.--(BUSINESS WIRE)--May 23, 2025-- Law Offices of Howard G. Smith reminds investors of the upcoming July 15, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased MicroStrategy Incorporated d/b/a Strategy ('Strategy' or the 'Company') (NASDAQ: MSTR ) securities between April 30, 2024 and April 4, 2025, inclusive (the 'Class Period'). MICROSTRATEGY INCORPORATED (MSTR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at What Happened? On April 7, 2025, Strategy disclosed that, following its adoption of Accounting Standards Update No. 2023-08 ('ASU 2023-08'), which requires publicly traded companies to measure their crypto assets at fair value in their financial statements, it recognized a $5.91 billion unrealized loss on its digital assets for the first quarter 2025. The Company warned that it 'may not be able to regain profitability in future periods, particularly if [it] incur[s] significant unrealized losses related to [its] digital assets.' On this news, Strategy's stock price fell $25.47, or 8.7%, to close at $268.14 per share on April 7, 2025, thereby injuring investors. Then, on May 1, 2025, Strategy released its first quarter 2025 financial results, confirming that it had recorded an unrealized fair value loss on digital assets of approximately $5.9 billion due to applying a fair value accounting methodology to Strategy's bitcoin assets following bitcoin's depreciation in value during the first quarter of 2025. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants 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, Defendants failed to disclose to investors that: (1) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (2) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired Strategy securities during the Class Period, you may move the Court no later than July 15, 2025 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. Contact Us To Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, Telephone: (215) 638-4847 Email: [email protected], Visit our website at: To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on CONTACT: Contact Us: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 [email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: Law Offices of Howard G. Smith Copyright Business Wire 2025. PUB: 05/23/2025 12:00 PM/DISC: 05/23/2025 12:01 PM
Associated Press
18-05-2025
- Business
- Associated Press
Law Offices of Howard G. Smith Encourages Krispy Kreme, Inc. (DNUT) Investors To Inquire About Securities Fraud Class Action
BENSALEM, Pa.--(BUSINESS WIRE)--May 18, 2025-- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Krispy Kreme, Inc. ('Krispy Kreme' or the 'Company') (NASDAQ: DNUT ) securities between February 25, 2025 and May 7, 2025, inclusive (the 'Class Period'). Krispy Kreme investors have until July 15, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN KRISPY KREME, INC. (DNUT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at What Happened? On May 8, 2025, before the market opened, Krispy Kreme released its first quarter 2025 financial results, reporting its 'net revenue was $375.2 million…a decline of 15.3%' and a 'net loss of $33.4 million, compared to prior year net loss of $6.7 million.' Additionally, the Company announced that it is 'reassessing [its] deployment schedule together with McDonald's' and 'withdrawing [its] prior full year outlook and not updating it' due in part to 'uncertainty around the McDonald's deployment schedule.' On this news, the price of Krispy Kreme shares fell 24.71%, or $1.07 per share, to close at $3.26 per share on May 8, 2025, on unusually heavy trading volume. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants 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, Defendants failed to disclose to investors: (1) that demand for Krispy Kreme products declined materially at McDonald's locations after the initial marketing launch; (2) that demand at McDonald's locations was a driver of declining average sales per door per week; (3) that the partnership with McDonald's was not profitable; (4) that the foregoing posed a substantial risk to maintaining the partnership with McDonald's; (5) that, as a result, the Company would pause expansion into new McDonald's locations; and (6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Contact Us To Participate or Learn More: If you purchased Krispy Kreme securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, Telephone: (215) 638-4847 Email: [email protected], Visit our website at: This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on CONTACT: Contact Us: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 [email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: Law Offices of Howard G. Smith Copyright Business Wire 2025. PUB: 05/18/2025 01:00 PM/DISC: 05/18/2025 12:59 PM
Associated Press
10-05-2025
- Business
- Associated Press
GoHealth, Inc. (GOCO) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)--May 9, 2025-- Law Offices of Howard G. Smith announces an investigation on behalf of GoHealth, Inc. ('GoHealth' or the 'Company') (NASDAQ: GOCO ) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN GOHEALTH, INC. (GOCO), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at What Happened? On May 1, 2025, the U.S. Department of Justice ('DOJ') filed a False Claims Act complaint against multiple health insurance companies, including GoHealth, alleging that 'from 2016 through at least 2021, the defendant insurers paid hundreds of millions of dollars in illegal kickbacks to the defendant brokers in exchange for enrollments into the insurers' Medicare Advantage plans.' On this news, GoHealth's stock price fell $1.09, or 10.4%, to close at $9.44 per share on May 1, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you purchased GoHealth securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, Telephone: (215) 638-4847 Email: [email protected] Visit our website at: This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on CONTACT: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 [email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: Law Offices of Howard G. Smith Copyright Business Wire 2025. PUB: 05/09/2025 08:02 PM/DISC: 05/09/2025 08:01 PM
