Latest news with #Rule10b-5
Business Wire
11 hours ago
- Business
- Business Wire
FLYW Investors Have Opportunity to Lead Flywire Corporation Securities Fraud Lawsuit Filed by the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, has filed a class action lawsuit against Flywire Corporation ('Flywire' or 'the Company') (NASDAQ: FLYW) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 28, 2024 and February 25, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before September 23, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Flywire overstated the sustainability of its revenue growth. The Company downplayed the negative impact that restrictions on visas and permits would have on its business. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Flywire, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Malaysian Reserve
13 hours ago
- Business
- Malaysian Reserve
FI Investors Have Opportunity to Lead Fiserv, Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES, July 28, 2025 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Fiserv, Inc. ('Fiserv' or 'the Company') (NYSE: FI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between July 24, 2024 and July 22, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before September 22, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Fiserv forced merchants using its Payeezy platform to migrant to the Clover program due to cost issues and other problems. The Company's Clover platform revenue growth was unsustainably boosted by these conversions. The Company lost customers to competitors due to Clover's high prices and poor customer service. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Fiserv, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law FirmBrian Schall, Esq., 310-301-3335info@
Time of India
2 days ago
- Business
- Time of India
Jeff Bezos sells $1.5 billion in Amazon shares: Here's how much he still owns
Jeff Bezos has sold another large chunk of his Amazon holdings, just days before the company's Q2 earnings announcement on 31 July. A total of 6.6 million shares, valued at roughly $1.5 billion, were sold on 21 and 22 July. The transactions were disclosed in a filing with the US Securities and Exchange Commission (SEC), as reported by Barron's. The sale was carried out under a prearranged trading plan known as Rule 10b5-1 . Explore courses from Top Institutes in Please select course: Select a Course Category Technology Leadership Public Policy healthcare Digital Marketing Management Data Analytics Design Thinking Artificial Intelligence Operations Management Cybersecurity MBA Healthcare MCA Finance Data Science PGDM Others Product Management CXO Data Science Project Management Degree others Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details The timing and structure of the sale are entirely legal under US financial regulations, as the trades were planned in advance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Knee Surgeon: Suffering From Pain After Age 50? Do This Every Morning Wellnee Undo How rule 10b5-1 Works Rule 10b5-1 is a regulation from the SEC that allows company insiders to set up a trading plan in advance for buying or selling shares. This rule provides a legal safeguard against accusations of insider trading. These plans only work if they're created and executed in good faith, and long before the insider has access to any material non-public information. Live Events 'Insiders use the plans, which automatically execute trades when preset conditions, such as price, volume, and timing, are met, to remove the appearance that they might benefit from their access to nonpublic information,' according to Barron's. The rule itself is meant to clarify a broader anti-fraud provision under the Securities Exchange Act of 1934, known as Rule 10b-5. More sales on the horizon Bezos is far from done. According to the same SEC filing, the Amazon founder still holds 4.6 million shares, valued at around $1 billion, and has outlined plans to sell up to 25 million shares by 29 May 2026. The filing refers to this as a plan 'intended to satisfy Rule 10b5-1(c)'. As Barron's put it plainly: 'Bezos isn't done.' This is his fourth such trading plan in the past 18 months. A steady offload since June Bezos has been selling shares aggressively in recent weeks. Since his wedding in late June, he's sold nearly $5.7 billion worth of Amazon stock. Earlier this month alone, he offloaded shares worth $737 million. These sales are part of a broader trend. In total, Bezos has now sold 95 million Amazon shares across 2024 and 2025, totalling $18.2 billion. Since 2002, his total cashouts have exceeded $50 billion. In contrast, Bezos has only bought Amazon stock once on record: a single share two years ago at $114.77. Still holding a stake, still giving it away Despite the recent sell-off, Bezos still owns a sizeable chunk of Amazon. His remaining shares are valued at approximately $232 billion. Alongside selling, he's been donating. Over 2024 and 2025, Bezos gave away 4.5 million shares to charity, with a combined value of about $1 billion. This latest sale lands just ahead of Amazon's Q2 earnings announcement. Analysts expect the company to report earnings of $1.32 per share and revenue of $162 billion. That's an increase of 4 percent and 9 percent, respectively, compared to the same quarter last year. However, Amazon's performance is still trailing behind other big tech firms in the so-called 'Magnificent Seven'. According to market forecasts, Meta, Microsoft and Nvidia are leading the S&P 500 growth into 2025. Apple is lagging, primarily due to uncertainty around its AI strategy. Bezos's stock sales, while substantial, fit a well-documented pattern. He's gradually pulling back his personal stake while funding new ventures and philanthropic projects, using a legally sound structure that limits any speculation of insider advantage.
Business Wire
3 days ago
- Business
- Business Wire
FI Investors Have Opportunity to Lead Fiserv, Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Fiserv, Inc. ('Fiserv' or 'the Company') (NYSE: FI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between July 24, 2024 and July 22, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before September 22, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Fiserv forced merchants using its Payeezy platform to migrant to the Clover program due to cost issues and other problems. The Company's Clover platform revenue growth was unsustainably boosted by these conversions. The Company lost customers to competitors due to Clover's high prices and poor customer service. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Fiserv, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Time of India
4 days ago
- Business
- Time of India
Jeff Bezos sells $1.5 billion worth of Amazon shares, now holds stock valued at…
Amazon founder Jeff Bezos has sold another 6.6 million shares of the company, reports Barrons. According to the report, the sale was disclosed in a filing with Securities and Exchange Commission (SEC). The sold shares are valued around $1.5 billion. The transaction, as per the report, took place on July 21 and 22 – days ahead of Amazon's second-quarter earnings scheduled for July 31. The sale was executed under the prearranged trading plan known as Rule 10b5-1 . What is 10b5-1 trading plan under which Jeff Bezos sold shares Rule 10b5-1 is a regulation from the US SEC that lets insiders at public companies set up a plan to sell their shares ahead of time. Under this rule, major shareholders can schedule the sale of a fixed number of shares at a set time, helping them avoid accusations of insider trading. Many company executives use 10b5-1 plans for this reason. The rule was introduced to clarify Rule 10b-5, part of the Securities Exchange Act of 1934, which is the main law used to investigate securities fraud. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian Investors Are Buying These Dubai Apartments—Here's Why Binghatti Developers FZE Explore Undo Jeff Bezos plans to sell more Amazon shares As per Barrons report, the Amazon founder plans to sell more shares in the future. 'Bezos isn't done,' the report says. Jeff Bezos has been on a stock selling spree recently. Earlier this month, he offloaded approximately $737 million worth of Amazon stock. He has sold around $4.8 billion worth of the company's stocks over the past two years. Bezos still holds 4.6 million shares of Amazon, valued at $1 billion. As revealed in a regulatory filing, the former CEO plans to sell up to 25 million shares through the trading plan "intended to satisfy Rule 10b5-1(c)" that ends on May 29, 2026.
