Latest news with #BragarEagelSquire
Associated Press
3 days ago
- Business
- Associated Press
Bragar Eagel & Squire, P.C. is Investigating CaaStle, Inc. on Behalf of Stockholders and Encourages Fund Investors to Contact the Firm
NEW YORK, June 01, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of investors of fashion startup CaaStle, Inc. Our investigation concerns whether CaaStle has violated the federal securities laws and/or engaged in other unlawful business practices. On March 31, 2025, Axios published a story accusing former-CEO Christine Hunsicker of financial misconduct. Specifically, the report stated that CaaStle's Board had sent a letter to investors on March 29, 2025 revealing that Hunsicker had provided investors with 'misstated financial statements and falsified audit opinions, as well as capitalization information that understated the number of company shares outstanding.' Hunsicker reportedly resigned from her position shortly after the letter went out. Then, on April 7, 2025, Axios published an additional report stating that CaaStle's Board allowed Hunsicker to retain her position for a period of time even after finding out about her alleged fraud and was slow to warn investors of her alleged financial misconduct. Following these reports, on April 8, 2025, EXP Topco, LLC filed a lawsuit against CaaStle accusing the Company of breach of a license agreement and a settlement agreement. According to the lawsuit, in light of the 'corporate meltdown' CaaStle was experiencing, the Company backed out of a license agreement with EXP over the use of an EXP trademark and entered into a settlement agreement in which it agreed to make a payment to EXP that it ultimately failed to make. Then, on April 18, 2025, P180 filed a lawsuit against CaaStle accusing the Company of misrepresenting its financial health in order to induce P180 to raise capital and take out loans. P180 claims it suffered losses upwards of $58 million. If you have invested in CaaStle, have information, 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 Brandon Walker or Marion Passmore by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Marion Passmore, Esq. (212) 355-4648 [email protected]
Associated Press
3 days ago
- Business
- Associated Press
TRAXXAS ALERT: Bragar Eagel & Squire, P.C. is Investigating Traxxas, L.P. on Behalf of Traxxas Customers and Encourages Consumers to Contact the Firm
NEW YORK, June 01, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized consumer rights law firm, is investigating potential claims against Traxxas, L.P. ('Traxxas' or the 'Company') on behalf of Traxxas customers. Our investigation concerns whether Traxxas has violated consumer protection laws and/or engaged in other unlawful business practices. Investigation Background The investigation is examining consumer complaints regarding Traxxas's warranty, repair, and customer service practices based on reports from customers and publicly available consumer complaints. These complaints include: Warranty and Repair Service Issues: We are investigating complaints about Traxxas's 30-day warranty policy that many consumers report is insufficient given the frequency of reported defects. Additional concerns include excessive repair backlogs despite Traxxas claiming to provide quick repair service, with some customers reporting that company representatives have acknowledged shipping '150-200 repaired cars a day.' Consumers have also reported poor customer service experiences where representatives reportedly became rude when pressed about repair timelines or disconnected support chats. Others reported issues include recurring mechanical failures with specific components that lead some customers to report spending 'more time taking [the vehicle] apart and shipping back for warranty work than playing with the dang thing,' warranty claims being denied where customers were allegedly told malfunctions were 'their fault' despite occurring shortly after the warranty period expired, and expensive battery replacement procedures reportedly requiring customers to ship back defective LiPo batteries at their own expense for 'evaluation' before warranties are honored. The investigation highlights how these reported issues affect consumers who have invested significantly in Traxxas products, with some high-end models costing over $1,000 plus additional expenses for batteries and chargers. Based on consumer reports, customers have experienced vehicles that require frequent repairs within weeks or months of purchase, difficulty obtaining warranty service within the company's limited 30-day warranty period, significant downtime while waiting for repairs, and financial losses due to repair costs and shipping expenses. If you purchased or otherwise acquired Traxxas products and experienced issues with warranty or repair services, or if you would like to learn more about these claims, please contact Brandon Walker or Marion Passmore by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form for a free case review. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C. Brandon Walker, Esq. (212) 355-4648 [email protected]
Associated Press
17-05-2025
- Business
- Associated Press
EDISON ALERT: Bragar Eagel & Squire, P.C. is Investigating Edison International on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Edison International (NYSE: EIX) on behalf of long-term stockholders following a class action complaint that was filed against Edison on February 11, 2025 with a Class Period from February 25, 2021 through February 6, 2025. Our investigation concerns whether the board of directors of Edison have breached their fiduciary duties to the company. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Edison's claim that Southern California Edison Company ('SCE') used its Public Safety Power Shutoffs ('PSPS') program to 'proactively de-energize power lines to mitigate the risk of catastrophic wildfires during extreme weather events', was false; (2) this resulted in heightened fire risk in California and heightened legal exposure to the Company; and (3) as a result, Defendants' statements about Edison's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages. If you are a long-term stockholder of Edison, have information, 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 Brandon Walker or Marion Passmore by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Marion Passmore, Esq. (212) 355-4648 [email protected]
Associated Press
17-05-2025
- Business
- Associated Press
IOVANCE ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Iovance Biotherapeutics, Inc. and Encourages Investors to Contact the Firm
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Iovance Biotherapeutics, Inc. ('Iovance' or the 'Company') (NASDAQ:IOVA) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Iovance securities between May 9, 2024 and May 8, 2025, both dates inclusive (the 'Class Period'). Investors have until July 14, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. According to the complaint, throughout the class period, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Iovance's growth potential; notably, that it was not equipped to generate and drive demand or was otherwise ill equipped to capitalize upon the purported existing demand for its treatments through its network of approved treatment centers. On July 25, 2024, Iovance announced its financial results for the second quarter of fiscal 2024 and reduced its revenue guidance for the full fiscal year 2024. The Company attributed its results and lowered guidance on 1) 'the iCTC completed annual scheduled maintenance in December' and 'capacity was reduced by more than half for about 1 month,' 2) "[l]ower Proleukin sales' than the company expected, and 3) 'the variable pace at which ATCs began treatment patients.' Following this news, the price of Iovance's common stock declined dramatically. From a closing market price of $3.17 per share on May 8, 2025, Iovance's stock price fell to $1.75 per share on May 9, 2025, a decline of about 44.795% in the span of just a single day. If you purchased or otherwise acquired Iovance shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Marion Passmore by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Marion Passmore, Esq. (212) 355-4648
