Latest news with #BergerMontaguePC
Associated Press
5 days ago
- Business
- Associated Press
Berger Montague PC Announces Class Action Filed Against Altimmune, Inc. (ALT) for Alleged Securities Violations
Philadelphia, Pennsylvania--(Newsfile Corp. - August 13, 2025) - Berger Montague PC is investigating claims under the federal securities laws against Altimmune, Inc. (NASDAQ: ALT) ('Altimmune' or the 'Company'), a clinical-stage biopharmaceutical company focused on developing therapeutics for obesity and liver disease, including MASH (metabolic dysfunction-associated steatohepatitis) after a class action lawsuit was filed against Altimmune. Investor Deadline: Investors who purchased or acquired Altimmune securities between August 10, 2023 through June 25, 2025 (the 'Class Period') may, no later than October 6, 2025, seek to be appointed as a lead plaintiff representative of the class. To learn your rights,CLICK HERE. On June 26, 2025, Altimmune issued a press release announcing topline results from its IMPACT Phase 2b trial of Pemvidutide for the treatment of MASH. Despite management's repeated positive statements ahead of the results, the Company revealed a failure to achieve statistical significance in the fibrosis reduction primary endpoint, citing a higher-than-expected placebo response. While a positive trend was observed, this key metric fell short. When asked about the failure, the Company's executives attributed the shortcoming to the trial's Phase 2 nature and expressed optimism about the Phase 3 trial instead. In reaction to this news, Altimmune's stock price plunged from a close of $7.71 on June 25, 2025, to a close of $3.61 on June 26 - a one-day decline of more than 53% in a single day. If you are an Altimmune investor and would like to learn more about this action,CLICK HEREor please contact Berger Montague: Andrew Abramowitz at[email protected]or (215) 875-3015, or Caitlin Adorni at[email protected]or (267)764-4865. About Berger Montague Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco, Chicago, Malvern, PA, and Toronto, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. For more information or to discuss your rights, please contact: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 [email protected] Caitlin Adorni Berger Montague (267) 764-4865 [email protected] To view the source version of this press release, please visit
Associated Press
20-05-2025
- Business
- Associated Press
CLASS ACTION NOTICE: Berger Montague Advises Compass Diversified Holdings (NYSE: CODI) Investors to Inquire About a Securities Fraud Class Action
PHILADELPHIA, May 20, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Compass Diversified Holdings ('Compass' or the 'Company') (NYSE: CODI) on behalf of purchasers of Compass securities between May 1, 2024 through May 7, 2025, inclusive (the 'Class Period'). Investor Deadline: Investors who purchased or acquired Compass securities during the Class Period may, no later than JULY 8, 2025, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE. Headquartered in Westport, Conn., Compass is a private equity firm which, in 2021, acquired a majority interest in Lugano Holdings, Inc., a designer of high-end jewelry, in a deal with an enterprise value of $256 million. According to the lawsuit, during the Class Period, Compass failed to disclose that: (i) Lugano had violated applicable accounting rules and industry practice during fiscal 2024; (ii) Lugano's 2024 financial results were artificially distorted by these accounting irregularities; and (iii) Compass failed to implement effective internal controls over Compass' financial reporting. To learn your rights or for more information, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected]. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contact: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 [email protected] Peter Hamner Berger Montague PC [email protected] View original content to download multimedia: SOURCE Berger Montague
Associated Press
15-05-2025
- Business
- Associated Press
INVESTOR ALERT: Berger Montague Advises BigBear.ai Holdings (BBAI) Investors to Inquire About a Securities Fraud Class Action by June 10, 2025
Philadelphia, Pennsylvania--(Newsfile Corp. - May 15, 2025) - Berger Montague PC advises investors that a securities class action lawsuit has been filed against Holdings, Inc. ('BigBear' or the 'Company') (NYSE: BBAI) on behalf of purchasers of BigBear securities between March 31, 2022 through March 25, 2025, inclusive (the 'Class Period'). Investor Deadline: Investors who purchased or acquired BigBear securities during the Class Period may, no later than JUNE 10, 2025 , seek to be appointed as a lead plaintiff representative of the class. To learn your rights,CLICK HERE. BigBear, headquartered in McLean, VA, is an AI-driven technology company offering national security, supply chain management, and digital identity and biometrics solutions. In June 2021, Holdings entered into a business combination with GigCapital4, Inc., a special purpose acquisition company. After the business combination was consummated on December 7, 2021, BigBear issued $200 million of convertible notes with a maturity date of December 15, 2026. On March 18, 2025, BigBear disclosed that certain financial statements since fiscal year 2021 should no longer be relied upon and would be restated, in particular with respect to the accounting treatment of the Company's 2026 Notes. On this news, BigBear's stock price fell $0.52 per share, or 14.9%, to close at $2.97 per share on March 18, 2025. Then, on March 25, 2025, BigBear filed its 2024 10-K, disclosing that a 'conversion option embedded within the 2026 Notes was incorrectly deemed to be eligible for a scope exception from the bifurcation requirements of ASC 815-15….' As a result, the Company's financial statements were restated. The Company further disclosed that it had identified a material weakness in its internal control over financial reporting - specifically, that BigBear had not 'consistently executed [its] technical accounting review policies' with respect to certain non-routine, unusual, or complex transactions.' On this news, BigBear's stock price fell $0.32 per share, or 9.11%, to close at $3.19 per share on March 26, 2025. To learn your rights or for more information,CLICK HEREor please contact Berger Montague: Andrew Abramowitz at[email protected]or (215) 875-3015, or Peter Hamner at[email protected]. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contact: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 [email protected] Peter Hamner Berger Montague PC [email protected] To view the source version of this press release, please visit
Associated Press
07-05-2025
- Business
- Associated Press
INVESTOR ALERT: Berger Montague Advises Viatris (VTRS) Investors to Inquire About a Securities Fraud Class Action by June 3, 2025
Philadelphia, Pennsylvania--(Newsfile Corp. - May 7, 2025) - Berger Montague PC advises investors that a securities class action lawsuit has been filed against Viatris Inc. ('Viatris' or the 'Company') (NASDAQ: VTRS) on behalf of purchasers of Viatris securities between August 8, 2024 through February 26, 2025, inclusive (the 'Class Period'). Investor Deadline: Investors who purchased or acquired VIATRIS securities during the Class Period may, no later than JUNE 3, 2025 , seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE . Viatris, headquartered in Canonsburg, PA, is a healthcare company that supplies medicines to one billion patients globally. The suit alleges that on February 27, 2025, investors learned the true state of the Company's operational performance when Viatris announced its financial results for Q4 and full-year 2024, providing disappointing 2025 guidance due to " the expected financial impact from Indore facility warning letter and import alert .' On this news, the price of Viatris common stock fell more than 15%, or $1.71 per share, from a closing price of $11.24 per share on February 26, 2025 to a close of $9.53 per share on February 27. To learn your rights or for more information, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected] . A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contact: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 [email protected] Peter Hamner Berger Montague PC [email protected] To view the source version of this press release, please visit
Associated Press
21-04-2025
- Business
- Associated Press
FLUENCE ENERGY (FLNC) CLASS ACTION NOTICE: Berger Montague Encourages Investors With Substantial Losses to Contact the Firm By May 12, 2025
Philadelphia, Pennsylvania--(Newsfile Corp. - April 21, 2025) - Berger Montague PC advises investors that a securities class action lawsuit has been filed against Fluence Energy, Inc. ('Fluence' or the 'Company') (NASDAQ: FLNC) on behalf of purchasers of Fluence securities between October 28, 2021 through February 10, 2025, inclusive (the 'Class Period'). Investor Deadline: Investors who purchased or acquired Fluence securities during the Class Period may, no later than MAY 12, 2025 , seek to be appointed as a lead plaintiff representative of the class. To learn your rights,CLICK HERE. According to the suit, on February 22, 2024, Blue Orca Capital issued a report revealing that Siemens had sued Fluence for misrepresentation, breach of contract, and fraud. On this news, the price of Fluence common stock fell more than 13%, or $2.28 per share, from a closing price of $17.01 per share on February 21, 2024 to a close of $14.73 per share on February 22, 2024. Then, on February 10, 2025, Fluence disclosed its financial results for Q1 fiscal 2025, reporting a net loss of $57 million with revenues falling 49% year-over-year. Worse, the Company significantly lowered revenue guidance. On this news, the price of Fluence Energy common stock fell $6.07 - or more than 46% - from a close of $13.07 on February 10, 2025 to a close of $7.00 on February 11. To learn your rights or for more information,CLICK HEREor please contact Berger Montague: Andrew Abramowitz at[email protected]or (215) 875-3015, or Peter Hamner at[email protected]. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contact: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 [email protected] Peter Hamner Berger Montague PC [email protected] To view the source version of this press release, please visit
