Cases – ClaimsFiler

The Honest Company Inc. Common Stock (NASDAQ: HNST)

48 Days left to seek lead plaintiff status.

On April 9, 2021, the Company filed its initial registration statement on Form S-1 with the SEC, which forms part of the Registration Statement. On April 26, 2021, the Company filed its final amendment to the Registration Statement with the SEC on Form S-1/A, which forms part of the Registration Statement. The Registration Statement was declared effective on May 4, 2021. On May 6, 2021, the Company filed its prospectus on Form 424B4 with the SEC, which forms part of the Registration Statement. In the IPO, the Company sold 6,451,613 shares of common stock, plus an additional 3,871,050 shares of common stock pursuant to the underwriter’s option to purchase additional shares at a price of $16.00 per share.

On September 14, 2021, Waterdrop was sued for violations of the federal securities laws in the Southern District of New York on behalf of investors who purchased shares purchased the Company’s American Depository Shares (“ADS”) issued in connection with its May 2021 initial public stock offering (the “IPO”). On September 8, 2021, the Company disclosed operating losses for the quarter ended June 30, 2021 totaling RMB815.4 million (US$126.3 million), compared with an operating profit of RMB7.2 million for the same period of 2020 due to the Company’s operating costs and expenses during the quarter increasing by RMB1,081.1 million, or 160.5% year over year, to RMB1,754.7 million (US$271.8 million) from RMB673.6 million for the same period of 2020.

Boston Beer Company Inc. (The) Common Stock (NYSE: SAM)

49 Days left to seek lead plaintiff status.

On September 14, 2021, The Boston Beer Company was sued for violations of the federal securities laws in the Southern District of New York on behalf of investors who purchased shares during the Class Period between April 22, 2021 and September 8, 2021. On July 22, 2021, post-market, the Company disclosed a reduced full year 2021 guidance, from a prior range of earnings per share of between $22 and $26 to between $18 and $22 due to softer-than-expected sales in the hard seltzer category and overall beer industry and also that it had “overestimated the growth of the hard seltzer category in the second quarter.” On September 8, 2021, post-market, the Company withdrew its 2021 financial guidance due decelerating sales of hard seltzer products, and also stated that it “expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to 3rd party brewers, and other costs” for the remainder of fiscal 2021. On this news, the Company’s share price fell $21.09, or 3.7%, to close at $538.31 per share on September 9, 2021, on unusually heavy trading volume. Then, on September 8, 2021, post-market, the Company withdrew its 2021 financial guidance due decelerating sales of hard seltzer products, and also stated that it “expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to 3rd party brewers, and other costs” for the remainder of fiscal 2021. On this news, the Company’s share price fell $21.09, or 3.7%, to close at $538.31 per share on September 9, 2021, on unusually heavy trading volume.

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Longeveron Inc. Class A Common Stock (NASDAQ: LGVN)

46 Days left to seek lead plaintiff status.

On September 13, 2021, Longeveron was sued for violations of the federal securities laws in the Southern District of Florida on behalf of investors who purchased shares purchased the Company’s American Depository Shares (“ADS”) issued in connection with its February 2021 initial public stock offering (the “IPO”). On or about February 12, 2021, pursuant to its IPO Registration Statement, Longeveron's Class A common stock began trading on the Nasdaq Capital Market ("NASDAQ").

loanDepot Inc. Class A Common Stock (NYSE: LDI)

36 Days left to seek lead plaintiff status.

On September 03, 2021, loanDepot, Inc. was sued for violations of the federal securities laws in the Central District Court of California on behalf of investors who purchased shares pursuant or traceable to the Company’s Registration Statement and Prospectus (together, the “Offering Documents”) issued in connection with the Company’s February 16, 2021 initial public offering (“IPO”). By August 17, 2021, loanDepot’s stock had declined 42% from its IPO after it disclosed disappointing Q2 2021 results and provided significantly lower guidance for its business.

Spectrum Pharmaceuticals Inc.Common Stock (NASDAQ: SPPI)

35 Days left to seek lead plaintiff status.

On August 31, 2021, Spectrum Pharmaceuticals was sued for violations of the federal securities laws in the District Court of Nevada on behalf of investors who purchased shares during the Class Period between December 27, 2018 and August 5, 2021. On August 6, 2021, Spectrum announced receipt of a Complete Response Letter (“CRL”) from the FDA regarding the Biologics License Application for its drug treatment, ROLONTIS. The CRL cited deficiencies related to manufacturing and indicated that a reinspection of the Company’s manufacturing facility will be necessary.

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Contango Oil & Gas Company Common Stock (TX) (AMEX: MCF)

33 Days left to seek lead plaintiff status.

On August 31, 2021, Contango was sued for violations of the federal securities laws in the District Court of Nevada as a result of a proposed transaction announced on June 8, 2021, pursuant to which Contango Oil & Gas Company will combine with Independence Energy LLC “(the Parties”) in an all-stock transaction.  On June 7, 2021, the parties entered into a Transaction Agreement (the “Transaction Agreement”), pursuant to which each share of Contango common stock will be converted into the right to receive 0.2 of a share of the new publicly-traded holding company, New PubCo. (the “Transaction Consideration”). Upon consummation of the Proposed Transaction, former owners of Parent will own approximately 75% of OpCo, 100% of the total outstanding NewPubCo Class B common stock and approximately 75% of the total outstanding New PubCo Class A common stock and NewPubCo Class B common stock taken together.

HyreCar Inc. Common Stock (NASDAQ: HYRE)

29 Days left to seek lead plaintiff status.

On August 27, 2021, HyreCar Inc. was sued for violations of the federal securities laws in the Central District Court of California on behalf of investors who purchased securities during the Class Period between May 14, 2021 and August 10, 2021. On August 10, 2021, the Company disclosed deeply disappointing results for the quarterly period ended June 30, 2021, including net losses of $9.3 million compared to losses of $3.8 million in the same period the prior year.

Cassava Sciences Inc. Common Stock (NASDAQ: SAVA)

29 Days left to seek lead plaintiff status.

On August 27, 2021, Cassava Sciences was sued for violations of the federal securities laws in the Western District Court of Texas on behalf of investors who purchased shares during the Class Period between February 2, 2021 and August 24, 2021. On August 24, 2021 it was disclosed that the U.S. Food and Drug Administration (“FDA”) had received a so-called Citizen Petition commencing an administrative action to “halt two ongoing trials of the drug Simufilam [the Company’s lead therapeutic product candidate]. . . pending a thorough audit by the FDA.” A subsequent complaint expanded the Class Period to between September 14, 2020 and August 27, 2021.

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Katapult Holdings Inc. Common Stock (NASDAQ: KPLT)

29 Days left to seek lead plaintiff status.

On August 27, 2021, Katapult Holdings, Inc., f/k/a FinServ Acquisition Corp. was sued for violations of the federal securities laws in the Southern District Court of New York on behalf of investors who purchased securities during the Class Period between December 18, 2020 and August 10, 2021. On August 10, 2021, Katapult disclosed poor financial results for the second quarter of 2021, eliminated its prior financial guidance, and revealed that it lacked visibility into its consumers buying behaviors.

Generac Holdlings Inc. Common Stock (NYSE: GNRC)

22 Days left to seek lead plaintiff status.

Generac Holdings Inc. purports to be a leading global designer and manufacturer of a wide range of energy technology solutions, which provides power generation equipment and other power products serving the residential, light commercial and industrial markets.

PayPal Holdings Inc. Common Stock (NASDAQ: PYPL)

22 Days left to seek lead plaintiff status.

On August 20, 2021, PayPal was sued for violations of the federal securities laws in the Northern District Court of California on behalf of investors who purchased shares during the Class Period between February 9, 2017 and July 28, 2021. On July 29, 2021, the Company disclosed receipt of a Civil Investigative Demand from the Consumer Financial Protection Bureau related “to the marketing and use of PayPal Credit in connection with certain merchants that provide educational services” and that it had “responded to subpoenas and requests for information received from the [Securities and Exchange Commission] relating to whether the interchange rates paid to the bank that issues debit cards bearing our licensed brands were consistent with Regulation II of the Board of Governors of the Federal Reserve System, and to the reporting of marketing fees earned from the Company's branded card program.”

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Sesen Bio Inc. Common Stock (NASDAQ: SESN)

21 Days left to seek lead plaintiff status.

Sesen Bio, Inc. is a late-stage clinical company that purports to advance targeted fusion protein (“TFP”) therapeutics for cancer treatments. Its most advanced product candidate is Vicineum (VB4-845), a locally administered TFP developed as a treatment of bacillus CalmetteGuérin (“BCG”)-unresponsive non-muscle invasive bladder cancer (“NMIBC”). Sensen Bio reported preliminary efficacy data from its ongoing Phase 3 clinical trial for Vicineum, the VISTA trial, in August 2019. On December 21, 2020, the Company announced that it had submitted its Biologics License Application (“BLA”) to the U.S. Food and Drug Administration (“FDA”) for Vicineum for the treatment of BCG-unresponsive NMIBC.

View Inc. Class A Common Stock (NASDAQ: VIEW)

21 Days left to seek lead plaintiff status.

View, Inc. ("View" or the "Company") is a technology company that manufactures smart building products that are purportedly designed to improve people’s health, productivity, and experience while reducing energy consumption. Its primary product is a proprietary electrochromic or “smart” glass panel that, in combination with the Company’s proprietary network and software, intelligently adjusts in response to the sun by tinting from clear to dark states, thereby reducing heat and glare.  CF Finance Acquisition Corp. II ("CF II") was a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. On March 8, 2021, CF II and View combined via a Business Combination with View as the surviving, public entity.

Annovis Bio, Inc. (NYSE: ANVS)

21 Days left to seek lead plaintiff status.

Annovis Bio, Inc. is a clinical stage pharmaceutical company that is developing therapies addressing neurodegeneration, such as Alzheimer’s disease (“AD”), Parkinson’s disease (“PD”), and Alzheimer’s disease in Down syndrome (“AD-DS”). Its lead compound is ANVS401 (Posiphen), an orally administrated drug which purportedly inhibited the synthesis of neurotoxic proteins that are the main cause of neurodegeneration.

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SelectQuote Inc. Common Stock (NYSE: SLQT)

18 Days left to seek lead plaintiff status.

SelectQuote, Inc. is a direct-to-consumer distribution platform that offers complex senior health, life, and auto & home insurance policies from a curated panel of insurance carriers.

Koninklijke Philips N.V. NY Registry Shares (NYSE: PHG)

18 Days left to seek lead plaintiff status.

Koninklijke Philips N.V. operates as a health technology company in North America, Greater China, and internationally. The Company’s products include, among others, Bi-Level PAP and CPAP devices, as well as mechanical ventilators.

ATI Physical Therapy Inc. Class A Common Stock (NYSE: ATIP)

18 Days left to seek lead plaintiff status.

ATI is an outpatient physical therapy company. It owns and operates nearly 900 physical therapy clinics across 25 states. On June 17, 2021, ATI became public via a business combination with Fortress Value Acquisition Corp. II, a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination.

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Yalla Group Limited (formerly known as “FYXTech Corporation”), through its wholly-owned subsidiaries, operates a voice-centric social networking and entertainment platform, mainly in the MENA region. The platform allows individual users free access to the basic functions on the platform. It also provides enhanced experiences for individual users by sales of virtual items and provision of upgrade services on the platform. One of Yalla’s offerings is Yalla Ludo, a chatroom feature in a board game app.

Live Ventures Incorporated Common Stock (NASDAQ: LIVE)

15 Days left to seek lead plaintiff status.

Live Ventures Incorporated is a holding company that, until 2015, focused on providing online marketing solutions for small and medium business. In 2015, the Company changed its focus, acquiring purportedly profitable business in various industries that have demonstrated a strong history of earnings power.