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Legal Regulatory

TLRY

Tilray Brands experienced a significant stock price increase following a development in the legal landscape of the cannabis industry. The news suggests a potential positive shift that could impact the company's future prospects.

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March 27, 2025 | 10:15 pm

ESTC

Pomerantz LLP has filed a class action lawsuit against Elastic N.V. (ESTC) alleging the company made false and misleading statements about its sales operations and revenue guidance. The lawsuit covers the period from May 31, 2024 to August 29, 2024, during which Elastic reduced its FY 2025 revenue guidance due to unexpected challenges from sales segmentation changes.

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March 27, 2025 | 10:15 pm

FLNC

Pomerantz LLP has filed a class action lawsuit against Fluence Energy (FLNC) alleging potential securities fraud. The lawsuit stems from a Blue Orca Capital report revealing concerns about Fluence's financial reporting, including allegations of revenue manipulation and declining support from Siemens and AES. Fluence's recent Q1 fiscal year 2025 results showed a significant net loss and reduced revenue guidance, causing a substantial stock price drop.

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March 27, 2025 | 10:15 pm

ARNC

Pomerantz LLP has filed a class action lawsuit against Arconic Corporation (ARNC) alleging securities fraud. The lawsuit claims that Arconic and its officers failed to disclose a potential acquisition offer from Apollo Global Management while simultaneously conducting stock buybacks, which artificially deflated the company's stock price. On May 4, 2023, Arconic announced an all-cash acquisition by Apollo at $30.00 per share, causing the stock to jump 28.3% from $22.55 to $28.93.

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March 27, 2025 | 10:15 pm

ATKR

Pomerantz Law Firm has announced a class action lawsuit against Atkore Inc (NYSE:ATKR), inviting investors who have experienced losses on their investment to contact the firm. The lawsuit suggests potential legal issues with the company that may impact shareholder value.

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March 27, 2025 | 10:15 pm

RLX

Pomerantz LLP is investigating potential securities fraud claims against RLX Technology Inc. following a Citi downgrade. The law firm is examining whether RLX and its officers engaged in unlawful business practices. Citi downgraded the stock from Buy to Neutral, citing overseas regulatory challenges and product mix concerns, which led to a 13.27% drop in RLX's ADR price.

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March 27, 2025 | 10:15 pm

ELF

Pomerantz LLP has filed a class action lawsuit against e.l.f. Beauty (ELF) alleging the company misrepresented its financial performance by inflating revenue and concealing inventory challenges. The lawsuit covers the period from November 1, 2023 to November 19, 2024, following a Muddy Waters Research report that accused the company of overstating financial metrics. The stock price has declined nearly 47% since the allegations surfaced.

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March 27, 2025 | 10:15 pm

EU

Rosen Law Firm has announced a securities class action lawsuit against enCore Energy Corp. (NASDAQ:EU) for alleged misleading financial statements during the period of March 28, 2024 to March 2, 2025. The lawsuit claims the company lacked effective internal controls, improperly capitalized costs, and misrepresented its financial position, potentially causing investor damages.

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March 27, 2025 | 10:15 pm

FTRE

Pomerantz LLP is investigating potential securities fraud at Fortrea Holdings Inc. following the company's financial disclosure about underperforming pre-spin-off projects. On March 3, 2025, Fortrea announced that older projects have less revenue and profitability than expected, causing its stock to drop 25.05% to $10.38 per share.

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March 27, 2025 | 10:15 pm

MEOH

Pomerantz LLP is investigating potential securities fraud by Methanex Corporation after the company announced an unplanned outage at its Geismar 3 methanol plant in Louisiana. The plant startup is now estimated for early May 2025, and the stock price dropped 12.9% following the announcement. Scotiabank has also downgraded the stock from Sector Outperform to Sector Perform.

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March 27, 2025 | 10:15 pm