Streetbeat News

Regulatory

CSX

Levi & Korsinsky has initiated an investigation into CSX Corporation for potential securities fraud, following a subpoena from the SEC related to accounting errors and non-financial performance metrics.

Portfolio Pulse from

November 05, 2024 | 4:45 pm

TKO

The Schall Law Firm is investigating TKO Group Holdings, Inc. for potential breaches of fiduciary duty by its directors and management. The inquiry aims to determine if the TKO board violated its responsibilities to shareholders.

Portfolio Pulse from

November 05, 2024 | 4:15 pm

LRN

Levi & Korsinsky has initiated an investigation into Stride, Inc. (NYSE:LRN) for potential federal securities law violations. This follows allegations by Fuzzy Panda Research that Stride inflated its earnings by misleading investors about federal COVID-19 relief funds.

Portfolio Pulse from

November 05, 2024 | 3:45 pm

EPIX

Levi & Korsinsky has initiated an investigation into ESSA Pharma Inc. for potential securities fraud violations following the company's decision to end a Phase 2 trial for a prostate cancer treatment.

Portfolio Pulse from

November 05, 2024 | 3:45 pm

AWK

Pennsylvania American Water is urging customers to voluntarily reduce nonessential water use by 10-15% due to a drought watch declared by the Pennsylvania Department of Environmental Protection.

Portfolio Pulse from

November 05, 2024 | 3:45 pm

META

Meta has been fined approximately $15.7 million by South Korea's data protection agency for improperly processing sensitive user data and sharing it with advertisers. This adds to Meta's ongoing privacy challenges.

Portfolio Pulse from

November 05, 2024 | 3:45 pm

CSX

Levi & Korsinsky has initiated an investigation into CSX Corporation for potential securities fraud violations. The investigation follows a Bloomberg article revealing that CSX received a subpoena from the SEC regarding accounting errors and non-financial performance metrics.

Portfolio Pulse from

November 05, 2024 | 3:45 pm

MYGN

Levi & Korsinsky has initiated an investigation into Myriad Genetics, Inc. (MYGN) for potential federal securities law violations. This follows UnitedHealth Group's decision to stop covering Myriad's GeneSight test from January 2025.

Portfolio Pulse from

November 05, 2024 | 3:45 pm

SMICY

A Republican lawmaker has criticized the Biden administration for not taking sufficient action against China's Semiconductor Manufacturing International Corp (SMIC), which is seen as bolstering China's chipmaking industry and military capabilities.

Portfolio Pulse from

November 05, 2024 | 3:30 pm

CGC

CRON

TLRY

Canadian cannabis stocks, such as Tilray, Canopy Growth, and Cronos Group, are gaining attention due to potential U.S. legalization developments. The U.S. cannabis market is projected to grow significantly, and Florida's potential legalization of recreational cannabis could benefit these companies.

Portfolio Pulse from

November 05, 2024 | 3:15 pm