Dollar Tree, Inc.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Dollar Tree is the subject of a report by Bloomberg published on March 13, 2024. According to the report, the Company “plans to shutter about 1,000 stores in an effort to improve profitability as the discount retailer battles a spate of litigation and other headwinds.” Based on this news, shares of Dollar Tree fell by more than 15% in morning trading on the same day.

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ACADIA Pharmaceuticals Inc.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Acadia is the subject of an Investor’s Business Daily report published on March 12, 2024. According to the report, the Company “had been hoping its antipsychotic, Nuplazid, would make a difference for people with the negative symptoms of schizophrenia.” The report continues, “But in the Phase 3 study called Advance-2, placebo patients had an 11.1-point improvement on a scale measuring the negative symptoms of schizophrenia. Nuplazid recipients had an 11.8-point improvement.” Based on this news, shares of Acadia fell more than 17% in morning trading on the same day.

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iRobot Corporation

According to the Complaint, the Company made false and misleading statements to the market. iRobot’s merger with Amazon (“the Merger”) would give Amazon a dominant position in robot vacuum cleaners (“RVCs”), making it unlikely that American and European authorities would approve it. The Company failed to complete adequate due diligence on the Merger and ignored regulatory risks. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about iRobot, investors suffered damages.

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Astra Space, Inc.

The investigation focuses on determining if the Astra board breached its fiduciary duties to shareholders. The Company announced on March 7, 2024, “that it has entered into a definitive merger agreement pursuant to which the acquiring entity (the “Parent”) has agreed, subject to customary closing conditions, to acquire all shares of Astra common stock not already owned by it for $0.50 per share in cash. On March 6, 2024, the closing price of Astra’s Class A common stock was $0.86 per share.”

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Lyft, Inc.

According to the Complaint, the Company made false and misleading statements to the market. Lyft issued a press release detailing its fourth quarter operating results on February 13, 2024. The Company stated it expected “adjusted EBITDA margin expansion … of approximately 500 basis points year-over-year.” In fact, the Company expected a 50 basis point margin expansion. The Company corrected its error 17 minutes into its earnings call, causing shares to fall sharply. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Lyft, investors suffered damages.

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Flagstar Bancorp, Inc.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Flagstar Bancorp, Inc. (“Flagstar” or “the Company”) (FBC), which  merged with and into New York Community Bancorp, Inc. (“New York Community Bancorp,”) (NYSE: NYCB), for violations of the securities laws.

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Ventyx Biosciences, Inc.

According to the Complaint, the Company made false and misleading statements to the market. The lead clinical product candidate developed by Ventyx, VTX958, was less effective in the treatment of psoriasis than it portrayed to investors. The Company overstated the commercial prospects of VTX958. The Company misrepresented its ability to develop and commercialize drug candidates. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Ventyx, investors suffered damages.

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P10, Inc.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of P10, Inc. (“P10” or “the Company”) (NYSE: PX) for violations of the securities laws.

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Snowflake Inc.

According to the Complaint, the Company made false and misleading statements to the market. Snowflake oversold capacity to customers creating the illusion of demand for its products and services. The Company gave significant discounts to customers in advance of its initial public offering (“IPO”) to boost sales, which was not sustainable after the IPO and would negatively impact its profit margins. The Company’s customer base was likely to roll over unused credits, cannibalizing future sales. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Snowflake, investors suffered damages.

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Xometry, Inc.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Xometry, Inc. (“Xometry” or “the Company”) (NASDAQ: XMTR) for violations of the securities laws.

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