Latest news with #BronsteinGewirtzGrossman
Associated Press
09-08-2025
- Business
- Associated Press
LINE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces That Lineage, Inc. Investors With Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK - August 8, 2025 ( NEWMEDIAWIRE ) - Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lineage, Inc. ('Lineage' or 'the Company') (NASDAQ: LINE) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Lineage securities pursuant to the registration statement and prospectus issued in connection with the Company's July 2024 initial public offering ('IPO'). Such investors are encouraged to join this case by visiting the firm's site: Case Details On June 26, 2024, Lineage filed a registration statement for the IPO on Form S-11 with the SEC which, after amendments, was declared effective on July 24, 2024 (the 'Registration Statement'). On July 26, 2024, Lineage filed a prospectus for the IPO on Form 424B4 with the SEC, which was incorporated into and formed part of the Registration Statement. The complaint alleges that the Registration Statement contained material misrepresentations about Lineage's business, historical financial results, and the industry trends purportedly facing the Company at the time of the IPO. Specifically, the Registration Statement stated that the lingering effects of the COVID-19 pandemic had 'accelerated trends that had a marked short-term impact on cold storage demand and have the potential to be growth engines for the industry in coming years' after the IPO. In truth, Lineage was in the midst of a sustained downturn, as the Company's customers not only destocked excessive inventory built up during the COVID-19 pandemic, but also shifted to the maintenance of leaner inventories on a go-forward basis and as more cold-storage supply came on line, with Lineage suffering particularly negative effects in terms of occupancy rates and pricing power due to its recent imposition of unsustainable price increases amongst its customer base. Since the IPO approximately one year ago, the price of Lineage stock has fallen to lows near $40 per share - approximately half the IPO price. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Lineage you have until September 30, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Follow us for updates on LinkedIn, X, Facebook, or Instagram. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | [email protected] View the original release on
Associated Press
25-07-2025
- Business
- Associated Press
ANRO INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces That Alto Neuroscience, Inc. Investors With Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK - July 25, 2025 ( NEWMEDIAWIRE ) - Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Alto Neuroscience, Inc. ('Alto' or 'the Company') (NYSE: ANRO) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired (1) Alto common stock pursuantand/or traceable to the Offering Documents issued in connection with the Company's initial public offering conducted on or about February 2, 2024 (the 'IPO' or 'Offering'); or (ii) Also securities between February 2, 2024, and October 22, 2024, both dates inclusive (the 'Class Period'). Such investors are encouraged to join this case by visiting the firm's site: Case Details The Complaint alleges that, Defendants made materially false and misleading statements and/or failed to disclose that: (1) the Offering Documents were negligently prepared and contained untrue statements of material fact and/or omitted material facts necessary to make the statements made not misleading, and were not prepared in accordance with applicable rules and regulations; (2) ALTO-100 was less effective in treating major depressive disorder (MDD) than Defendants had led investors to believe; (3) as a result, ALTO-100's clinical, regulatory, and commercial prospects were overstated; (4) consequently, Alto's business and financial prospects were also overstated; and (5) as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Alto you have until September 19, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Follow us for updates on LinkedIn, X, Facebook, or Instagram. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | [email protected] View the original release on
Yahoo
21-07-2025
- Business
- Yahoo
Analysts Remain Optimistic About Proficient Auto Logistics, Inc. (PAL) Growth Prospects Despite Legal Scrutiny
With a low P/E multiple and potential upside for investors, Proficient Auto Logistics, Inc. (NASDAQ:PAL) is among the . Copyright: hxdyl / 123RF Stock Photo Over the past week, two renowned law firms, Bronstein, Gewirtz & Grossman, LLC and The Schall Law Firm, have initiated investigations against Proficient Auto Logistics, Inc. (NASDAQ:PAL). This investigation into potential violations of federal securities laws focuses on whether PAL shared misleading financial statements or failed to issue critical disclosures to investors along with the statements. These investigations follow Q1 2025 earnings shared by Proficient Auto Logistics, Inc. (NASDAQ:PAL) on May 7, 2025. The company reported a decrease in its total operating revenue on a YoY basis, while reporting an operating loss of $2.36 million, making this the second consecutive quarter of operating loss. However, PAL was profitable after adjusting for amortization and stock compensation expenses. The company's share price is down 16.5% since the earnings release. However, analysts are optimistic about the company's outlook, with Stifel maintaining a 'Buy' rating on the company's shares as of May 2025, setting its price target at $17, which implies a significant upside from PAL's current price of $6.8, as of the time of writing this article. The 'buy' rating is largely attributed to the company's growth potential unlocked with the acquisition of Pennsylvania-based Brothers Auto Transport. Furthermore, Proficient Auto Logistics, Inc. (NASDAQ:PAL) was rewarded with the Toyota Logistics Services' 2025 Quality Award for its commitment to high-quality service, providing on-time delivery, and top-notch customer service. Proficient Auto Logistics, Inc. (NASDAQ:PAL), a specialized freight company, offers auto transportation and logistics services. It is on the list of cheap transportation stocks. While we acknowledge the potential of PAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Best Stocks to Invest in for a Quick Return and 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Disclosure: None. Sign in to access your portfolio
Associated Press
01-07-2025
- Business
- Associated Press
LPRO DEADLINE FINAL REMINDER: Bronstein, Gewirtz & Grossman LLC Announces That Open Lending Corporation Investors With Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK - June 30, 2025 ( NEWMEDIAWIRE ) - Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Open Lending Corporation ('Open Lending' or 'the Company') (NASDAQ: LPRO) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Open Lending securities between February 24, 2022 and March 31, 2025, both dates inclusive (the 'Class Period'). Such investors are encouraged to join this case by visiting the firm's site: Case Details The complaint 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, the Complaint alleges that Defendants: (1) misrepresented the capabilities of the Company's risk-based pricing models; (2) issued materially misleading statements regarding the Company's profit share revenue; (3) failed to disclose the Company's 2021 and 2022 vintage loans had become worth significantly less than their corresponding outstanding loan balances; (4) misrepresented the underperformance of the Company's 2023 and 2024 vintage loans; and (5) 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. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Open Lending you have until June 30, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Follow us for updates on LinkedIn, X, Facebook, or Instagram. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | [email protected]
Associated Press
20-06-2025
- Business
- Associated Press
RDDT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces That Reddit, Inc. Investors With Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK - June 19, 2025 ( NEWMEDIAWIRE ) - Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Reddit, Inc. ('Reddit' or 'the Company') (NYSE: RDDT) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Reddit securities between October 29, 2024 and May 20, 2025, both dates inclusive (the 'Class Period'). Such investors are encouraged to join this case by visiting the firm's site: Case Details The complaint alleges defendants made false and/or misleading statements and/or failed to disclose that: (i) changes in Google Search's algorithm and features like AI Overview were causing users to stop their query on Google Search; (ii) these algorithm changes were materially different than prior instances of reduced traffic to the Reddit website; (iii) Defendants were aware that the increase in the query term 'Reddit' on search engines was because users were getting the sought after answer from Google Search without having to go to Reddit, and not because they intended to visit Reddit; (iv) this zero-click search reality was dramatically reducing traffic to Reddit in a manner the Company was unable to overcome in the short term; (v) Defendants, therefore, lacked a reasonable basis for their outlook on user rates and advertising revenues; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Reddit you have until August 18, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Follow us for updates on LinkedIn, X, Facebook, or Instagram. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | [email protected] View the original release on
