Articles from Levi & Korsinsky, LLP

Wall Street modeled roughly $2.91 billion in third-quarter revenue from Unum Group. The insurer reported about $2.55 billion, and UNM shares fell despite a narrow per-share earnings beat

FIS shares fell after the Company lowered its fiscal 2026 profit and revenue outlook, citing client implementation delays, bank consolidation, weaker license demand, and lower non-recurring revenue. Levi & Korsinsky is investigating on behalf of investors who suffered losses

Wall Street aggressively repriced Amdocs after its fiscal 2027 outlook called for falling revenue and earnings, and Oppenheimer followed with a downgrade. Levi & Korsinsky is investigating potential securities law violations on behalf of DOX investors who suffered losses

Wall Street Reassessment: Analyst Opinion Evolution on LULU. Numerous firms cut price targets or ratings after a June 2026 guidance reduction that the lawsuit alleges exposed brand and store traffic deterioration that management had downplayed

Alert: Claims Focus on Alleged Misrepresentations About Onshore Licensing for Mainland Clients. The action contends UP Fintech subsidiaries ran securities, fund, and futures business in mainland China without CSRC approval. Regulators answered that alleged licensing gap by confiscating RMB 103.1 million in income

The lawsuit asserts that Tenax Therapeutics used an FDA-cleared IND and an FDA-reviewed trial expansion to build confidence in TNX-103. The Phase 3 LEVEL study then failed, and TENX shares fell 89.77%

Notice to Pension Funds, Asset Managers, and ERISA Fiduciaries: a securities lawsuit alleges D-Wave overstated its growth momentum ahead of a revenue miss and a CFO departure. Institutional investor securities recovery options are now under review.

Alert: Claims Focus on Alleged Misrepresentations About Millrose's Costly Shift From Land Banking to Renting Homes. The lawsuit contends the Company bought Lennar houses at premium prices that allegedly earn less than its cost of debt.

Alert: Claims Focus on Alleged Misrepresentations About Distributor Sales Tactics, as the lawsuit contends Gildan used 90- to 120-day payment terms, free freight, and container-sized quarter-end buys to pad reported apparel sales.

Promise vs. Reality: The Chemours Performance Gap. Management cited "very stable volume" in May, but the lawsuit alleges an oversold Opteon aftermarket channel was already eroding 2026 demand.

Former Anywhere shareholders who received Compass stock in the January 2026 merger exchange are urged to review their options. Securities Act claims allege the S-4 registration statement omitted a backchannel effort to sidestep DOJ antitrust review

Important Information Regarding Section 20(a) Individual Liability Claims: Webull's founder-CEO and its CFO are named as alleged control persons over SEC filings that, the lawsuit claims, overstated the broker's independence from China before BULL shares fell approximately 19%.

Notice to Pension Funds, Asset Managers, and Fiduciaries: The complaint alleges Duolingo masked how ad-heavy monetization and mass-produced AI lessons were weighing on its growth. Institutional holders may wish to assess their Class Period exposure.

Important Notice Regarding Alleged Gemini 3.5 Pro Launch Timeline Misrepresentations: the AI launch timeline securities fraud case claims that a June 2026 debut promised for Alphabet's flagship model allegedly lacked a reasonable basis.

Alert: Claims Focus on Alleged Misrepresentations About Contract Manufacturing Ramp-Up Delays. The action contends Fluence Energy's production sites could not support fiscal 2026 volumes, pushing $400.0 million in deliveries into fiscal 2027

Disclosure Under Scrutiny: The lawsuit alleges Coastal Financial's disclosures paired precise credit-protection figures with no meaningful warning about a deteriorating partner portfolio, ahead of a $68.8 million charge and a 43.5% one-day decline

Rights of U.S.-Listed ADS Holders: A securities action alleges that QFIN overstated its ability to withstand PRC regulatory changes. Although QFIN is headquartered in Shanghai and incorporated in the Cayman Islands, its American depositary shares trade on Nasdaq and are held by U.S. investors

Notice to pension funds, asset managers, and fiduciaries: a securities class action alleges Honeywell Aerospace never told investors that roughly 2% of its suppliers gated hundreds of millions of dollars of revenue output, leaving HONA holders with a 24.26% cumulative decline.

A securities class action alleges Better Home & Finance reaffirmed a $1.0 billion monthly loan volume target on March 13, 2026, then told investors on May 7, 2026 that the goal was being "deferred" because customers were no longer converting, and BETR shares fell 28.5% in a single session.

Regulatory Compliance Focus: The lawsuit contends Ardelyx assured the market it had confidently addressed a shifting Medicare reimbursement environment for XPHOZAH and IBSRELA, while payer utilization-management requirements were allegedly tightening behind the scenes.

Wall Street reversed course on AppLovin within hours of the August 5, 2026 second quarter report, with Piper Sandler cutting its price target from $665 to $385 and Wells Fargo from $575 to $357, as a securities class action alleges the Company overstated the constancy of its AI model improvements and the readiness of its generative AI video creative tool.

Alert: Claims focus on alleged misrepresentations about Doximity's revenue growth and market share as the lawsuit contends that decelerating sales, contracting net income, and a shift in how pharmaceutical customers deployed advertising budgets were not disclosed to investors.

Wall Street reassessment: UBS cut its ASTS price target to $43.00 from $62.00 and Scotiabank moved to Sell with a $45.60 target, while a securities class action alleges AST SpaceMobile overstated the sufficiency of its capital position and the durability of its competitive lead in satellite direct-to-cellular service.

Alert: Claims Focus on Alleged Misrepresentations About Underwriting Remediation. The lawsuit contends Everest's casualty book relied on guaranteed cost programs, large auto fleet concentrations, and underpriced accounts until a sweeping cleanup ended with the transfer of renewal rights on roughly $2 billion in annual premiums to AIG.

A securities class action alleges Lincoln Educational Services told investors it was investing in "people and processes" to drive superior outcomes while its admissions pipeline allegedly failed to convert enrolled students into actual student starts, a gap that surfaced when LINC shares fell 24.93% in a single session

Institutional holders of FuelCell Energy are being notified that a securities class action alleges the Company did not disclose that its manufacturing capacity was inadequate to produce at the rate required under its Fit Energy purchase agreement, leaving per-unit product costs above contractual pricing

Important Information Regarding Section 20(a) Individual Liability Claims: Baidu's Chief Executive Officer and Chief Financial Officer are named as individual defendants alleged to have controlled the Company's public statements that AI revenue was cushioning a collapsing legacy search advertising business

Allegations Focus on European Energy-Cost and Competitive Pressure Representations. The lawsuit asserts management called a $150 million 2026 energy reset "one and done" while pressures in Europe allegedly continued to build.

Bright Minds Biosciences shares sold off after the FDA placed the Company's planned Phase 2 BMB-101 epilepsy trial on partial clinical hold, citing mouse toxicity findings. Levi & Korsinsky is investigating potential securities law violations on behalf of investors who lost money

TWLO stock dropped over 17% as the market repriced organic growth from 16% to a guided 11% to 12%. Levi & Korsinsky is investigating potential securities law violations on behalf of shareholders who lost money in the decline

NPKI shares declined following NPK International's October 29 earnings report, which disclosed full-year 2026 revenue guidance approximately $17 million below Wall Street expectations. Levi & Korsinsky is investigating potential securities law violations affecting investors who lost money

Intel's fourth-quarter 2026 revenue outlook of approximately $15 billion to $16 billion came in below Wall Street consensus as PC-market softness weighed on the Company. An investigation into potential securities law violations is underway on behalf of shareholders who lost money

ATEC shares sold off after Alphatec Holdings named a temporary international supply constraint among the reasons for its lower 2026 revenue outlook. Levi & Korsinsky is investigating whether the Company's earlier disclosures about its international business met its obligations under the federal securities laws

On October 29, 2026, Xerox cut its full-year 2026 free cash flow outlook by up to 80% and suspended its common and preferred dividends. Levi & Korsinsky is investigating on behalf of shareholders who lost money

Cerebras Systems (CBRS) shareholders who lost money when the stock fell roughly 5.7% on a short-seller report alleging its wafer-scale processors could fail within 1.5 to 2.5 years may have the right to seek recovery, even if they have already sold.

Wall Street Reassessment: Analysts pressed O-I Glass for more than a year on Europe and its unchanged 2027 EBITDA target. The lawsuit alleges management's answers omitted delayed Fit to Win savings and mounting energy costs.

Important Information Regarding Section 20(a) Individual Liability Claims: the lawsuit charges that CEO Tianhua Wu and CFO John Fei Zeng certified three annual reports describing CSRC rectification while UP Fintech subsidiaries allegedly kept running unlicensed securities business in mainland China

Important Information Regarding Section 20(a) Individual Liability Claims: Tenax's chief executive and three successive chief financial officers face control person claims over allegedly misleading statements about TNX-103

From Optimism to Disillusionment: a securities lawsuit alleges D-Wave overstated its growth and operational momentum, and investor confidence in QBTS eroded once reported revenue failed to keep pace with the story

Gildan's SEC filings cautioned that internal controls "may not prevent or detect misstatements." The lawsuit alleges that generic warning left investors unaware of channel stuffing that pulled roughly $500 million in revenue forward

Time-Sensitive: Allegations Focus on Lennar Related-Party Representations. The lawsuit alleges that Millrose purchased homes from its former parent, Lennar, through non-arm’s-length agreements that helped Lennar clear a quarterly delivery target

Wall Street Reassessment: Analyst Opinion Evolution on CC. UBS, Morgan Stanley, and J.P. Morgan cut Chemours price targets by as much as 37.9% after a 2026 guidance cut that the lawsuit alleges followed months of overstated Opteon aftermarket demand.

Pension funds, asset managers, and ERISA fiduciaries that received Compass stock in the $4.2 billion Anywhere merger exchange may wish to review claims that the Offering Materials omitted an alleged political backchannel to the DOJ.

Key Dates and Disclosure Events Shareholders Need to Know. The Webull timeline of disclosure events, as alleged, traces China-independence assurances repeated across three SEC filings to a single-session 19% share decline on October 7, 2026.

Promise vs. Reality: The Duolingo Performance Gap. Duolingo called 49% user growth proof of "meaningful growth at scale," but the lawsuit contends that friction-heavy monetization and mass-produced AI lessons were already steering that figure toward a 20% forecast

Important information regarding Section 20(a) individual liability claims: the lawsuit alleges Beta Bionics' CEO and CFO certified SEC filings while a June 2025 FDA Form 483 citing more than 18,000 unreported iLet complaints was allegedly withheld from shareholders

Wall Street pressed Papa John's management on its reacceleration promises as early as August 2025. The securities action alleges the answers analysts received were materially misleading, and PZZA shareholders absorbed a $5.11 per-share loss when the 2026 outlook was slashed

A securities class action alleges Unicycive Therapeutics resubmitted its oxylanthanum carbonate New Drug Application without ever inspecting its third-party manufacturer's facility for cGMP compliance. Pension funds, asset managers, and other fiduciaries that held UNCY during the Class Period may wish to evaluate lead plaintiff options.

Wall Street cut price targets and said its "conviction materially" declined after DICK'S Sporting Goods disclosed that Foot Locker's legacy footwear exposure was pressuring sales and margins, months after management allegedly assured the market that the inventory cleanup was finished

A securities class action alleges Ryde Group Ltd's audited financial statements and offering documents omitted the market manipulation risk built into its low-float NYSE listing, allegedly leaving Class Period purchasers vulnerable to a sharp price collapse

Important Notice Regarding Alleged Manufacturing Capacity Misrepresentations: a securities class action contends FuelCell Energy did not disclose that its plant capacity was inadequate to produce at the rate its Fit Energy contract required, resulting in a $17.0 million charge

A securities class action alleges Lincoln Educational Services reported 9% enrollment growth in the second quarter of 2026, while student starts increased by only about 1%. This notice sets out the rights available to LINC purchasers who bought between May 11, 2026 and August 9, 2026.

Disclosure under scrutiny: AST SpaceMobile's SEC filings repeatedly stated that cash on hand would be "sufficient" for the next 12 months, yet the Company allegedly went on to announce $3.0 billion of convertible notes across three offerings in nine months

A securities class action alleges Baidu, Inc. spent three consecutive quarters telling investors its AI-powered business was cushioning a collapsing legacy search advertising franchise, until the AI business itself contracted 8% sequentially and BIDU shares lost $13.25 in a single session.

Doximity co-founder and former Chief Strategy Officer Nate Gross is named as a defendant in a securities class action alleging the Company assured investors it could "gain share" while older advertising formats were allegedly losing ground to programmatic and social competitors.

A securities class action traces AppLovin's alleged disclosure failures across a six-month chronology, from February 2026 assurances that AI model gains would not slow to the August 5, 2026 concession that the pace of model improvement was "lighter than normal."

Promise vs. Reality: Ardelyx pointed investors toward $1.75 billion in combined peak sales for IBSRELA and XPHOZAH, while the complaint alleges payer utilization-management barriers were already restricting patient access before the Company cut 2026 guidance and withdrew its long-term XPHOZAH target.

Notice to pension funds, asset managers, and other fiduciaries: a securities class action alleges Better Home & Finance failed to disclose that its loan conversion funnel was already slowing, leaving BETR holders to absorb a $12.17 per-share single-session decline.

Promise vs. reality: weeks after guiding investors to 7% to 9% organic growth, Honeywell Aerospace reported a 70% drop in quarterly net income and cut its outlook.

Key Dates and Disclosure Events Shareholders Need to Know: The complaint traces a five-month path from Qfin's upbeat assurances about PRC regulation to a 76.8% profit collapse and a one-day 18.91% ADS decline.

Important Notice Regarding Alleged Contract Manufacturing Readiness Misrepresentations: Fluence Energy's fiscal 2026 revenue outlook allegedly depended on new production facilities that were not completed, not operational, or not capable of the volumes the guidance assumed.

The securities action asserts that Coastal Financial's public assurances of "strong regulatory stewardship" and disciplined CCBX credit oversight violated Section 10(b) and Rule 10b-5. Those assurances preceded a $68.8 million single-partner charge that sent CCB shares down 43.5%.

Alphabet shareholder rights in focus: the securities action alleges a promised June 2026 Gemini 3.5 Pro launch masked disappointing training results. Class Period purchasers of GOOGL and GOOG may pursue claims whether or not they still hold their shares.

Diebold Nixdorf lowered its 2026 adjusted earnings outlook by up to $0.90 per share on October 28, 2026, a cut of as much as 15.7% to the per-share figure DBD shareholders had been given. Levi & Korsinsky is investigating potential securities law violations on behalf of investors who lost money.

Xylem's new 2026 adjusted EPS ceiling of $5.45 now sits below the $5.55 floor it replaced. An investigation into potential securities law violations is reviewing losses suffered by XYL shareholders

Promise vs. Reality: The D-Wave Performance Gap. A securities fraud lawsuit alleges D-Wave overstated its prospects while calling 2026 a "defining year," then reported second quarter revenue below the prior-year level

A securities class action alleges Unicycive Therapeutics told investors its third-party manufacturer had made "significant progress" toward regaining FDA compliance, while the Company had never verified that claim through its own inspection of the facility

A securities class action traces Ryde Group Ltd from its $4.00 March 2024 IPO to the September 11, 2024 session which saw the stock price collapse, allegedly after months of coordinated social media promotion

Six incoming directors named in York Space Systems' January 2026 registration statement, including (Ret.) Gen. James McConville, and an eleven-bank underwriting syndicate led by Goldman Sachs are named as defendants in a securities action alleging the $34.00 IPO documents omitted that onboard mission and payload software was not fully functional before satellites launched

A securities class action alleges Lincoln Educational Services told the market its investment in "people and processes" was lifting student retention, while allegedly omitting observed shifts in student decision-making and loan defaults that were choking conversion from enrollment to attendance

Market Reaction Focus: PZZA shares repriced by $5.11 in a single session, a 17.18% decline, after Papa John's reported an 8.3% drop in North American comparable sales, suspended its dividend, and cut its 2026 outlook. The action alleges those disclosures contradicted earlier assurances that the Company's transformation was working

Disclosure under scrutiny: a securities class action alleges Honeywell Aerospace's SEC filings warned only that False Claims Act enforcement "could" happen while a Justice Department cybersecurity inquiry was allegedly already pending, and HONA shareholders lost $49.40 per share across two purported corrective events

A securities class action alleges Hyliion promoted a $133 million non-binding letter of intent with a four-employee counterparty as a "new data center partnership" — and HYLN purchasers who lost $2.45 per share retain rights whether or not they still hold the stock

Notice to pension funds, asset managers, and fiduciaries: a securities class action alleges Innventure's flagship 300MW AI data center agreement rested on a counterparty later described in a research report as a shell company, ahead of a 55% single-day collapse in INV shares.

Promise vs. Reality: The Alphabet Gemini 3.5 Pro Gap. A securities fraud lawsuit alleges Alphabet promised investors a June 2026 launch of its flagship AI model while disappointing training results went undisclosed, a promise-reality gap that ended when the model was abruptly delayed