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SUIG News24 articles
POET Technologies Hit by Lawsuit After Marvell Cancels Celestial AI Orders
POET Technologies faces a securities class action after Marvell canceled Celestial AI orders, causing a 45% stock drop. Lead-plaintiff deadline is June 29.
POET Technologies Stock Rebounds Amid Securities Lawsuit and Marvell Fallout
POET Technologies shares rebounded 14.5% to $10.97 on Friday, even as a securities lawsuit over tax disclosures and cancelled Celestial AI orders moves forward with a June 29 lead plaintiff deadline.
POET Technologies Stock Surges on Securities Lawsuit Over Canceled Marvell Order
POET Technologies shares surged 30% after a securities class action was filed over disclosure of canceled Marvell purchase orders.
PennyMac Faces Dual Lawsuits After 33% Stock Crash on Servicing Income Drop
Rosen and Schall law firms probe PennyMac after a 33% one-day stock drop on January earnings, as servicing pretax income fell 76% quarter-over-quarter. Q1 results due May 5.
Wisconsin Lawsuit Casts Shadow Over Robinhood's Q1 Earnings Report
Wisconsin sues Robinhood and rivals over prediction market contracts, alleging illegal sports betting, just ahead of Robinhood's Q1 earnings report.
Plug Power Faces Investor Lawsuit Proceeding Amid Louisiana Plant Showcase
A Delaware federal judge ruled that investors can advance claims against Plug Power regarding its hydrogen production targets and revenue forecasts. The decision coincided with a company-hosted tour of its key Louisiana plant, with shares declining roughly 5%.
Grab Deploys AI Suite in Jakarta, Aims to Slash Ride Costs Amid Economic Pressure
Grab Holdings unveiled 13 new AI-powered features in Jakarta, headlined by a Group Ride option promising fares up to 40% lower. The move is designed to alleviate pressure from rising fuel costs and strained household budgets, even as the company's financial outlook remains subdued.
Super Micro Faces Shareholder Lawsuit Amid Export Control Scrutiny
Super Micro Computer stock rose 8.3% as investors weighed a new shareholder lawsuit tied to alleged export control violations. The legal action follows criminal charges against individuals linked to the company.
GEICO Advances $2.7M Fraud Suit Amid March Madness Marketing Push
A New York federal judge allowed most of GEICO's $2.7 million civil racketeering and fraud claims to proceed against medical providers. The legal move coincides with the insurer's launch of a March Madness docuseries on Paramount+.
Teradyne Files German Copyright Suit Against Chinese Robotics Firm Elite Robots
Teradyne Robotics has initiated a copyright lawsuit in Germany against the German subsidiary of China's Elite Robots, claiming unauthorized use of Universal Robots software. The company also notified European safety authorities about potential issues with Elite Robots' machines.
Microsoft Integrates Anthropic AI into Copilot Suite, Launches New Agent Tools
Microsoft has integrated Anthropic's AI technology into its Microsoft 365 Copilot, introducing a new Copilot Cowork feature and Agent 365 management hub. The moves aim to diversify its AI partnerships beyond OpenAI.
BAT Hit with UK Shareholder Suit Over North Korea Sanctions
British American Tobacco is being sued in London by over 100 shareholders who allege the company did not properly disclose U.S. sanctions violations related to its North Korea operations. The legal action follows BAT's $635.2 million settlement with U.S. authorities in 2023.
Palantir Shares Hold Near $145 Amid Thiel Sale Filing, New Lawsuit
Palantir shares traded around $145 premarket following a sharp rally, with co-founder Peter Thiel filing to sell up to 2 million shares. A new lawsuit from a defense contractor alleges fraud and breach of contract.
Hims & Hers Faces SEC Probe, Novo Nordisk Lawsuit as Analysts Cut Targets
Hims & Hers Health shares held steady premarket following disclosures of an SEC probe and a patent lawsuit from Novo Nordisk. Analysts at BTIG and Citi downgraded the stock, citing regulatory risks.
Apple Gains on Tariff Ruling, Faces iCloud Lawsuit Ahead of Shareholder Meeting
Apple shares closed Friday up 1.6% at $264.58 following a Supreme Court ruling that overturned Trump-era global tariffs. The company faces a new lawsuit from West Virginia over iCloud encryption and prepares for its February 24 shareholder meeting.
Santos Prevails in Climate Lawsuit, Investors Eye Upcoming Earnings
Santos Ltd. shares edged lower following a court's dismissal of a climate-related lawsuit. Market attention now turns to the energy producer's upcoming annual financial results.
JPMorgan Faces Lawsuit Over Cash Sweep Rates as Markets Eye Data
A Manhattan judge permitted JPMorgan customers to advance breach-of-contract claims regarding low cash-sweep interest rates. Markets reopen Tuesday after the Presidents Day holiday.
JPMorgan Lawsuit Advances as Judge Allows Key Cash-Sweep Claims
JPMorgan Chase shares held steady at $302.55 as a Manhattan judge allowed central cash-sweep breach-of-contract claims to move forward. The bank faces scrutiny over the interest rates paid on customer idle cash.
Bank of America Shares Edge Lower Ahead of Inflation Data, Epstein Suit Advances
Bank of America shares declined slightly in premarket trading Friday, following a significant drop in the previous session, as a class-action lawsuit tied to Jeffrey Epstein moves forward and markets await key inflation figures.
Snap Shares Edge Up in Premarket Amid Texas Lawsuit and Insider Sale
Snap stock rose 0.3% premarket following a 4.6% decline, as Texas sues over child safety allegations and co-founder files to sell 1 million shares. Analyst firm Arete upgraded the stock to Buy.
Hims & Hers Shares Stabilize After Novo Nordisk Patent Lawsuit Rattles Weight-Loss Strategy
Hims & Hers stock edged up 0.1% premarket following steep declines after Novo Nordisk filed a patent lawsuit over compounded semaglutide. Investors await court developments, FDA signals, and the company's Feb. 23 earnings.
Hims & Hers Shares Extend Decline Amid Novo Nordisk Patent Lawsuit Over Compounded Weight-Loss Drugs
Hims & Hers Health stock fell another 5.6% as Novo Nordisk filed a patent lawsuit seeking to block compounded versions of Wegovy, tightening regulatory pressure on the online health provider's GLP-1 offerings.
Hims & Hers Shares Plunge 16% After Halting $49 Weight-Loss Pill Amid Novo Nordisk Lawsuit
Hims & Hers Health stock tumbled in after-hours trading following the withdrawal of its compounded semaglutide product and a patent infringement lawsuit from Novo Nordisk. Leerink Partners reduced its price target on the company.
Plug Power Surges 12% Ahead of Key Shareholder Vote, Faces New Lawsuit
Plug Power shares rallied sharply Friday as investors await a critical February 17 shareholder vote on proposals to double authorized shares, while a new class-action lawsuit adds legal pressure.