Inaccurate Financial Forecasts
The complaint for this class action alleges that InvenSense concealed the adverse effects the company would experience as a result of its agreement with Apple to supply sensors for the iPhone 6 and iPhone 6 Plus at heavily discounted prices.
This securities lawsuit alleges that the Registration Statement and Prospectus related to an initial public offering (IPO) of TerraForm Global contained materially incorrect or misleading statements and omitted material information that was required by law to be disclosed, ultimately resulting in losses to the plaintiff and prospective class members.
This securities class action alleges that TCP International Holdings failed to disclose material facts relating to the company's chairman and improper personal payments he made relating to the business, did not disclose improper relationships with he had with vendors and misled investors with regard to the company's business operations and future prospects.
This federal securities class action lawsuit is brought against Extreme Networks, Inc., a company which develops and sells network infrastructure equipment and offers related services contracts for extended warranty and maintenance. The allegations in the complaint evidence that Extreme’s management released false material statements regarding: (1) Extreme’s integration with Enterasys being complete; (2) Lenovo’s acquisition of IBM’s server being complete; (3) The above integration and acquisition promising to drive double-digit revenue growth by fiscal year 2015. The above statements artificially inflated Extreme’s stock price inducing the Plaintiffs to purchase its securities.
This federal securities fraud class action lawsuit is brought against Nobilis Health Corp., a company acquiring and managing ambulatory surgery centers and healthcare facilities, for making false and misleading material statements, including the following: (a) Nobilis claimed success rates for its AccuraScope procedure, which lacked recognition from any university, medical body, or insurance company; (b) Nobilis overstated its 2014 revenues by over $36 million and its 2014 revenue growth rate as 161%, when it was actually only 44%. These statements caused Nobilis’s stock to trade at artificially inflated prices which caused financial loss to the Plaintiffs.
This securities fraud class action alleges that Globus, a medical device company, failed to disclose (1) its relationship with a significant distributor was deteriorating; (2) the deterioration negatively impacted Globus’s financial performance; and (3) as a result, Globus’s prospects and statements were false and misleading.
This lawsuit alleges QLogic violated federal securities laws by failing to timely disclose an industry wide slow down and inventory build up at large OEM customer.
This lawsuit alleges that Constant Contact failed to disclose the true nature of its forecasted revenues insofar as its customer conversion rate was less than announced and that customers were opting for lower priced services.
This lawsuit alleges Trinet misrepresented to investors the accurate costs associated with workers compensation claims. Specifically, that the company was experiencing greater than announced worker compensation costs even after analysts queried executives about the lower-than-industry average cost projections.
This lawsuit alleges that since November 12, 2014, Abengoa has misrepresented the liquidity of its balance sheet in corporate reports filed with the SEC and in conference calls with financial analysts.