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VENU INVESTOR ALERT: Kirby McInerney LLP Investigates Potential Claims Involving Venu Holding Corporation
Businesswire· 2026-01-22 01:00
Group 1 - Venu Holding Corporation conducted its initial public offering on November 27, 2024, issuing 1.2 million shares at a price of $10.00 per share [1] - On November 14, 2025, Venu reported third-quarter financial results, revealing revenue of $5.38 million, which was a 1.3% year-over-year decline and missed consensus estimates by $2.05 million [1] - Following the financial report, Venu's share price dropped by $2.37, or approximately 21.45%, from $11.05 on November 14, 2025, to close at $8.68 on November 17, 2025 [1] Group 2 - Kirby McInerney LLP is investigating potential violations of federal securities laws by Venu and its senior management [1] - No lawsuit has been filed yet, and the investigation aims to determine if claims can be brought under federal securities laws [2] - The law firm specializes in securities litigation and has achieved recoveries totaling billions of dollars for shareholders [3]
STUB DEADLINE NOTICE: StubHub Holdings, Inc. Investors Encouraged to Contact Kirby McInerney LLP By January 23, 2026
Globenewswire· 2026-01-22 01:00
Core Viewpoint - A class action lawsuit has been filed against StubHub Holdings, Inc. for allegedly misleading investors during its September 2025 IPO regarding its financial health and cash flow situation [4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased securities based on the offering documents from the September 2025 IPO [4]. - Allegations include failure to disclose changes in vendor payment timing, which adversely affected free cash flow [4]. - The lawsuit claims that the free cash flow reports were materially misleading, impacting the integrity of the IPO offering documents [4]. Group 2: Financial Impact - StubHub reported a free cash flow of negative $4.6 million for Q3 2025, a 143% decrease from the previous year's positive free cash flow of $10.6 million [5]. - Following this earnings report, StubHub's share price dropped by $3.95, or approximately 21.0%, from $18.82 to $14.87 [5]. - By November 24, 2025, StubHub's stock price fell to $12.01, nearly 50% below the IPO price of $23.50 [6].
WEALTHFRONT CORPORATION INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
Businesswire· 2026-01-22 01:00
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Wealthfront Corporation ("Wealthfront†or the "Company†) (NASDAQ:WLTH). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] What Happened? On December 12, 2025, Wealthfront completed its Initial Public Offering ("IPO†) of 34,615,38. ...
FRMI SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Fermi Inc. Investors - Contact Kirby McInerney LLP by March 6, 2026
Businesswire· 2026-01-20 23:00
Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to allegations of securities fraud related to its Project Matador campus, with significant implications for investors who purchased shares during the specified class period [3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Fermi securities between September 28, 2025, and December 11, 2025, alleging that the company overstated tenant demand for its Project Matador campus [3]. - Allegations include the reliance on a single tenant's funding commitment for financing the construction of Project Matador and the risk of that tenant terminating its funding commitment [3]. - Fermi's share price dropped significantly after the announcement that the first tenant had terminated a $150 million funding agreement, leading to a decline of approximately 33.8% from $15.25 to $10.09 per share [4]. Group 2: Investor Actions - Investors who suffered losses on their Fermi investments have until March 6, 2026, to request lead plaintiff appointment, which is crucial for overseeing the litigation [2]. - Individual investors can be appointed as lead plaintiffs, influencing key decisions in the lawsuit [2]. - Interested parties are encouraged to contact Kirby McInerney LLP for more information regarding their rights and interests in the lawsuit [5].
NAVN Investors: Contact Kirby McInerney LLP About Investigation into Navan, Inc.
Businesswire· 2026-01-20 23:00
Group 1 - The law firm Kirby McInerney LLP is investigating Navan, Inc. for possible violations of federal securities laws and other unlawful business practices [1] - Navan conducted its IPO on October 30, 2025, selling approximately 36.9 million shares at $25.00 per share [2] - In its Q3 fiscal 2026 results released on December 15, 2025, Navan reported a GAAP loss from operations of $79 million, compared to a loss of $19 million in the same period the previous year, resulting in a GAAP operating margin of -41% versus -13% [2] - Following the announcement of the CFO's immediate resignation and the associated financial compensation, Navan's share price dropped by $1.74, or approximately 11.9%, closing at $12.90 on December 16, 2025 [2]
Kirby Corporation (NYSE:KEX) Receives Upgrade from Citigroup
Financial Modeling Prep· 2026-01-20 17:00
Company Overview - Kirby Corporation (NYSE:KEX) is a leading provider of marine transportation and diesel engine services, operating a fleet of inland tank barges and towing vessels to transport bulk liquid products across the United States [1] - The company also offers diesel engine services for the marine, power generation, and industrial sectors, with main competitors including Ingram Barge Company and American Commercial Lines [1] Stock Performance - On January 20, 2026, Citigroup upgraded Kirby's stock to a "Buy" rating, increasing the price target from $131 to $145, reflecting confidence in the company's future performance and growth potential [2] - Currently, KEX is trading at $125.88, showing a slight decrease of 0.34% or $0.43, with fluctuations today ranging from a low of $125.37 to a high of $127.21 [3] - Over the past year, KEX has experienced a high of $127.21 and a low of $79.52, indicating volatility in its stock price [3] Market Capitalization and Trading Activity - Kirby's market capitalization is approximately $7.02 billion, representing the total market value of its outstanding shares [4] - The trading volume on the NYSE is 761,275 shares, indicating active investor interest which can influence stock price movements and overall market perception [4]
CRWV ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Coreweave, Inc. Investors
Businesswire· 2026-01-14 01:00
Core Points - A class action lawsuit has been filed against Coreweave, Inc. for alleged misstatements regarding its ability to meet customer demand and the risks associated with reliance on a single third-party data center supplier [2][6] - Investors who suffered losses during the class period from March 28, 2025, to December 15, 2025, can request lead plaintiff appointment until March 13, 2026 [1][6] Financial Impact - On October 30, 2025, Coreweave's shares fell by approximately 5.5%, from $133.71 to $126.32, following the announcement of the termination of its merger agreement with Core Scientific due to insufficient shareholder votes [3] - Following a press release on November 10, 2025, regarding lowered guidance due to delays from a third-party data center, Coreweave's shares dropped by about 16.3%, from $105.61 to $88.39 [4] - An article published on December 15, 2025, highlighted further delays in the completion of a significant data center project, leading to a decline of approximately 7.9% in share price, from $78.59 to $72.35 [5] Company Statements - Coreweave maintains that its strategy remains unchanged despite the challenges faced, emphasizing a commitment to long-term shareholder value through strategic mergers and acquisitions [3] - Co-founder Michael Intrator initially stated that the quarter's performance was as planned, except for delays at a singular data center, later clarifying the issue pertained to a singular data center provider [4]
Navan, Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (NAVN)
Businesswire· 2026-01-13 23:00
Group 1 - The law firm Kirby McInerney LLP is investigating potential claims against Navan, Inc. regarding possible violations of federal securities laws or unlawful business practices by the Company or its senior management [1] - Navan conducted its initial public offering on October 30, 2025, selling approximately 36.9 million shares at $25.00 per share [2] - In its third quarter fiscal 2026 financial results released on December 15, 2025, Navan reported a GAAP loss from operations of $79 million, compared to a loss of $19 million in the same period the previous year, indicating a significant decline in operational performance [2] - The GAAP operating margin for Navan was reported at (41%), a decrease from (13%) in the same period last year, highlighting worsening profitability [2] - Following the announcement of the CFO's immediate resignation and the associated financial benefits, Navan's share price fell by $1.74, or approximately 11.9%, closing at $12.90 on December 16, 2025 [2]
VENU Investigation: Investors Encouraged to Contact Kirby McInerney LLP
Globenewswire· 2026-01-13 01:00
Core Viewpoint - Venu Holding Corporation is under investigation for potential violations of federal securities laws or unlawful business practices by its senior management [1]. Group 1: Company Overview - Venu conducted its initial public offering on November 27, 2024, offering 1.2 million shares at a price of $10.00 per share [3]. - The company reported third-quarter financial results on November 14, 2025, with revenue of $5.38 million, which is a 1.3% decline year-over-year and fell short of consensus estimates by $2.05 million [3]. Group 2: Market Reaction - Following the financial results announcement, Venu's share price dropped by $2.37, approximately 21.45%, from $11.05 on November 14, 2025, to close at $8.68 on November 17, 2025 [3].
KLAR DEADLINE ALERT: Klarna Group plc Investors Urged to Contact Kirby McInerney LLP About Class Action Lawsuit
Globenewswire· 2026-01-12 23:00
Core Viewpoint - The article discusses a pending federal securities class action against Klarna Group plc, highlighting the deadline for investors to seek the role of lead plaintiff and the allegations regarding misleading statements in the company's IPO registration statement [1][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Klarna securities between September 7, 2025, and December 22, 2025, alleging that the IPO registration statement contained false or misleading statements [4]. - It is claimed that Klarna materially understated the risk of increased loss reserves shortly after its IPO, which was known or should have been known given the risk profile of its customers [4]. Group 2: IPO and Financial Performance - Klarna launched its IPO in September 2025, selling 34,311,274 shares at a price of $40.00 per share [5]. - Following the announcement of disappointing Q3 2025 financial results on November 18, 2025, which included a significant increase in credit loss provisions, Klarna's share price fell by $3.25, or approximately 9.3%, from $34.88 to $31.63 [5].