Latest news with #ClassAction
Business Wire
12-05-2025
- Business
- Business Wire
Important May 13 Deadline in enCore Energy (EU) Investor Lawsuit, Alleging Financial Misstatements and Internal Control Failures- Hagens Berman
SAN FRANCISCO--(BUSINESS WIRE)--enCore Energy Corp. (NASDAQ: EU), a company focused on the exploration and development of uranium resources, is facing a class-action lawsuit that accuses its leadership of misleading investors and failing to disclose serious financial vulnerabilities. The deadline for investors to seek appointment as lead plaintiff in the lawsuit is May 13, 2025. Hagens Berman urges enCore Energy investors who suffered substantial losses to submit your losses now. enCore Energy Corp. (EU) Securities Class Action: The case, formally known as Zhongjian v. enCore Energy Corp. (No. 25-cv-01234, S.D. Tex.), was brought on behalf of shareholders who acquired enCore securities between March 28, 2024, and March 2, 2025. The complaint centers on allegations that enCore and several of its executives violated the Securities Exchange Act of 1934 by making false or incomplete statements about the company's financial health. According to the complaint, enCore is accused of lacking robust internal controls over its financial reporting. The lawsuit further contends that the company was unable to capitalize certain exploration and development expenses under U.S. Generally Accepted Accounting Principles (GAAP), a move that would have been permitted under International Financial Reporting Standards (IFRS). These accounting issues, the complaint asserts, contributed to a dramatic escalation in net losses. On March 3, 2025, enCore released its fiscal 2024 results, reporting a net loss of $61.3 million-more than double the $25.6 million loss recorded in the previous year. In its public disclosures, the company attributed the widening losses to its inability to capitalize certain costs under GAAP, which would have been allowed under IFRS. Additionally, enCore acknowledged that it had identified a 'material weakness' in its internal controls over financial reporting, citing shortcomings in risk assessment, information flow, and monitoring. These financial disclosures coincided with a sudden change in leadership. On March 2, 2025, enCore announced that Paul Goranson had resigned as chief executive and as a member of the board. Robert Willette, previously the company's Chief Legal Officer, was named Acting CEO by the board. The fallout from these revelations was immediate and severe. enCore's share price plunged more than 46% following the announcements, erasing significant value for investors. The lawsuit seeks to recover damages for those who suffered losses during the class period, alleging that shareholders were misled about the true state of the company's finances. Hagens Berman's Investigation: Acclaimed class action law firm Hagens Berman has launched an investigation into the alleged claims. 'The case highlights the risks investors face when companies allegedly fail to maintain rigorous internal controls and transparent financial reporting. Investors rely on accurate information to make informed decisions,' said Reed Kathrein, the partner leading the firm's investigation. 'When companies fall short, the consequences can be swift and severe.' If you invested in enCore and have substantial losses, or have knowledge that may assist the firm's investigation, submit your losses now » If you'd like more information and answers to frequently asked questions about the enCore case and our investigation, read more » Whistleblowers: Persons with non-public information regarding enCore should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email EU@ Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at Follow the firm for updates and news at @ClassActionLaw.
Associated Press
12-05-2025
- Business
- Associated Press
UNITEDHEALTH GROUP INCORPORATED (NYSE: UNH) INVESTOR ALERT: Investors With Large Losses in UnitedHealth Group Incorporated Should Contact Bernstein Liebhard LLP To Discuss Their Rights
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the 'Class') who purchased or acquired the securities of UnitedHealth Group Incorporated ('UnitedHealth' or the 'Company') (NYSE: UNH) between December 3, 2024 and April 16, 2025, inclusive. For more information, submit a form at UnitedHealth Group Incorporated Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at [email protected], or call us at (212) 951-2030. According to the lawsuit, Defendants made misrepresentations concerning the Company's ability to hit its guidance range for net and adjusted earnings per share. If you wish to serve as lead plaintiff for the Class, you must file papers by July 7, 2025. A lead plaintiff is a representative party acting on other class members' behalf in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal's 'Plaintiffs' Hot List' thirteen times and listed in The Legal 500 for sixteen consecutive years. ATTORNEY ADVERTISING. © 2025 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter. Contact Information: Peter Allocco Investor Relations Manager Bernstein Liebhard LLP (212) 951-2030 [email protected]
Associated Press
06-05-2025
- Business
- Associated Press
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of SoundHound AI
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In SoundHound AI To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in SoundHound AI between May 10, 2024 and March 3, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - May 6, 2025) - Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against SoundHound AI, Inc. ('SoundHound' or the 'Company') (NASDAQ: SOUN) and reminds investors of the May 27, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. [ This image cannot be displayed. Please visit the source: ] Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See . As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the material weaknesses in SoundHound's internal controls over financial reporting impaired the Company's ability to effectively account for corporate acquisitions; (2) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (3) as a result of the foregoing material weaknesses, SoundHound's reported goodwill following the Amelia Acquisition was inflated and would need to be corrected; (4) further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions; (5) the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the United States Securities and Exchange Commission ('SEC'); and (6) as a result, the Company's public statements were materially false and misleading at all relevant times. On March 4, 2025, SoundHound disclosed in a filing with the SEC that it would be unable to timely file its Annual Report for 2024 (the '2024 10-K'). SoundHound stated that "[d]ue to the complexity of accounting for [the SYNQ3 and Amelia Acquisitions], the Company require[d] additional time to prepare financial statements and accompanying notes' and that it 'ha[d] identified material weaknesses in its internal control over financial reporting.' On this news, SoundHound's stock price fell $0.60 per share, or 5.81%, to close at $9.72 per share on March 4, 2025. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding SoundHound's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the SoundHound AI class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn , on X , or on Facebook . Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. To view the source version of this press release, please visit
Yahoo
27-03-2025
- Entertainment
- Yahoo
Gene Hackman And Betsy Arakawa's Bodies Yet To Be Claimed Over A Month After Tragic Deaths
The bodies of Gene Hackman and Betsy Arakawa remain unclaimed over a month after they were found at their Santa Fe home. The deceased couple's shocking death raised many questions as investigators tried to unravel the mystery behind it. Following investigations, officials said they died naturally, with Arakawa dying from hantavirus while her husband died from heart disease and Alzheimer's a week after. Reports have revealed that Hackman and Arakawa's family is yet to claim their bodies. According to TMZ, the Office of the Medical in New Mexico confirmed that Hackman and Arakawa's names appeared on the list of unclaimed decedents. The list is reportedly updated online every Monday, and the late couple's names appeared on March 24 and remain there today. Officials told the outlet that it is not usual for bodies to remain unclaimed for a month after death. Although it is not clear why Hackman and Arakawa's bodies are unclaimed, there is a possibility their family is making or finalizing plans for their burial. Reports of Hackman and Arakawa's unclaimed bodies bring the focus back to the late actor's relationship with his children. Before marrying Arakawa in 1991, Hackman was married to Faye Maltese and had three children with her: Christopher, 65, Elizabeth, 63, and Leslie, 58. The "Class Action" star has previously spoken about his difficult relationship with his kids, admitting that he wasn't around much in their younger years, though he got closer to them in his later years. Hackman spent much time away from home trying to make it in Hollywood, but becoming famous meant he had to leave his kids behind. He told The New York Times, "You spend so many years wanting desperately to be recognized as having the talent and then when you're starting to be offered these parts, it's very tough to turn anything down." Hackman continued, "Even though I had a family, I took jobs that would separate us for three or four months at a time. The temptations in that, the money and recognition, it was too much for the poor boy in me. I wasn't able to handle that." Despite occasionally accompanying their dad to award shows and movie premieres, Christopher, Elizabeth, and Leslie didn't enjoy being in the spotlight. Hackman told the Irish Independent, "It's tough being the son or daughter of a celebrity. I couldn't always be home with them when they were growing up and then, living in California, they've had my success always hanging over their heads." Although Hackman's ex-wife, Maltese, held up the home front, it was difficult for him to adjust to his family's dynamic after returning home from his projects. He told Larry King, "I didn't handle it very well, really. I took care of my family. You know, my family's never wanted for anything." Hackman continued, "But because I was so enamored of the Hollywood of old, you know, the glamour of that, although I never involved myself in that, I was with that, and the fact that I was part of that." He added, "And that I was – I could be anything and anyone I wanted to be. It was a long time before I settled down before I got to the point where I could discern what was really right for me." Hackman's relationship with his kids was again questioned after reports revealed they were not named in his $80 million will. The deceased actor's entire estate was willed to his late wife, Arakawa, but since she is also dead, legal experts say there is a way for his children to potentially inherit his fortune, though he didn't name them in his will. According to legal experts, the fact that Arakawa died before Hackman meant his kids could inherit his wealth. California attorney Tre Lovell told the BBC that Hackman's estate could default to his children under succession laws as long as he didn't list any other beneficiary. Lovell explained, "The estate will actually be probated in accordance with intestate succession laws and the children would be lawfully next in line to inherit." He added that Hackman's children would also need to prove that his will is invalid because Arakawa died before him. After news of Hackman and Arakawa's tragic passing made headlines, his daughter, Leslie, spoke about their relationship. She told the Daily Mail that her dad was in "very good physical condition" despite his age and hadn't had any major surgeries in the months leading to his death. Leslie added, "He liked to do Pilates and yoga, and he was continuing to do that several times a week. So he was in good health." The 58-year-old dished on her relationship with her dad, noting that they were close but she hadn't heard from or seen him for a "few months." She said, "We were close. I hadn't talked to them for a couple of months, but everything was normal and everything was good."
Yahoo
12-03-2025
- Health
- Yahoo
New lawsuit claims Girl Scout Cookies contain ‘heavy metals' and pesticides
Editor's Note: A lawsuit only portrays one side of a story. SALT LAKE CITY (ABC4) — A new federal lawsuit filed Monday in New York is claiming Girl Scout Cookies 'are contaminated with dangerous heavy metals' and pesticides, an allegation the organization has previously disputed. The Class Action lawsuit references tests that allegedly prove Girl Scout Cookies contain heavy metals such as aluminum, arsenic, cadmium, lead, and mercury, as well as pesticides such as glyphosate. The suit claims cookies from several states were tested and all had similar results. 'College Town Magic': U of U exploring moving Huntsman Center to new arena 'Extensive testing, which took place in the latter half of 2024, found that 100% of the Products contained at least four out of five Heavy Metals,' the lawsuit reads. The New Jersey Laboratories Certified and the Health Research Institute conducted tests on the cookies, allegedly finding the results 'extremely problematic.' The suit uses the example of Thin Mints, saying tests showed they had more than 300 times more glyphosate than accepted by health scientists. More than 95% of the Girl Scout products also tested positive for lead. 'While the entire sales practice system for Girl Scout Cookies is built on a foundation of ethics and teaching young girls sustainable business practices, Defendants failed to uphold this standard themselves and failed as well to address the concerns raised in the laboratory testing that took place,' the lawsuit reads. ABC4 reached out to and did not hear back at the time of publication. However, the lawsuit includes several previous public comments the organization has made online, including one where it addressed the cookie controversy directly in February of this year. 'The health and safety of Girl Scouts and cookie customers is our top priority. Rest assured: Girl Scout Cookies are safe to consume,' the organization posted on its blog on Feb. 6. The organization addressed the allegations that its cookies contain harmful materials saying, 'Girl Scout Cookies are made with ingredients that adhere to food safety standards set by the FDA and other relevant authorities.' It continued to say that contaminants, such as heavy metals, can be found naturally in soil, meaning nearly all foods with plant-based or organic ingredients 'may contain trace amounts.' It made a similar comment on glyphosate, saying it's widely used in agriculture and small amounts can be found in produce, cereals, and baked goods. 'While such occurrences are not unique to Girl Scout Cookies, our trusted baking partners continue to ensure the integrity of our recipes and the safety of all Girl Scout Cookie products in accordance with federal regulations and Global Food Safety initiative standards,' the organization said. 'Our bakers have confirmed that the levels reported do not pose a food safety concern to our customers.' The plaintiff is demanding a trial by jury, seeking multiple forms of relief, including monetary restitution and a declaration that the organization's conduct violated consumer protection statutes. They are also asking the court to bar the organization's 'unlawful and deceptive acts' and disgorge the profits earned from the products. The lawsuit is included below: 1 2Download MJ Jewkes contributed to this story. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
