Inflated

Supreme Court Rejects Meta’s Appeal, Greenlights Billion-Dollar Advertiser Lawsuit Over Inflated Metrics

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WASHINGTON – The U.S. Supreme Court on Monday opted not to consider an appeal by Meta Platforms, letting stand a lower court ruling that allows advertisers to pursue a large-scale class action lawsuit. The plaintiffs in the case allege that Meta, the parent company of Facebook and Instagram, misrepresented advertising reach, potentially overcharging them by billions. This decision paves the way for the advertisers to band together as a class in seeking damages, alleging that Meta inflated figures related to the potential audience of ads shown on its platforms. The collective legal action could represent … Read more

Walgreens Settles for $100 Million Over Inflated Prescription Costs Exposed on TikTok

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Amid rising pharmaceutical prices in the U.S., Walgreens has faced allegations over its pricing practices. The pharmacy chain recently agreed to pay $100 million to settle claims that it excessively inflated prices for insured customers compared to those paying cash. Attorney Angela, utilizing the platform TikTok, provided insights into the allegations, detailing that Walgreens had potentially manipulated prescription drug prices to detrimentally affect customers using health insurance. According to her findings, some copay amounts under insurance were notably higher than the amounts charged to customers paying in cash. In a demonstration to her viewers, Angela … Read more

Roblox Faces Class Action Lawsuit Over Alleged Inflated Financial Projections as Share Prices Tumble

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SAN MATEO, Calif. — A major lawsuit has been launched against the popular immersive entertainment platform company, Roblox Corporation. On June 10, 2024, investors who are alleging significant financial losses during a specific trading period initiated a class action lawsuit seeking compensatory damages. During the period between November 15, 2023, and May 8, 2024, shareholders claim they purchased Roblox stock at inflated prices based on the company’s optimistic financial projections which later proved overstated. Roblox, known for its platform that combines gaming, social media, and virtual learning environments, reported having 77.7 million daily active users … Read more

Enphase Energy Faces Class Action Lawsuit Over Alleged Inflated Stock Prices and Misleading Statements

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Fremont, Calif. — A recent lawsuit has positioned Enphase Energy, Inc. at the center of a significant legal battle over its stock prices. Filed on May 29, 2024, the class action suit represents shareholders who allege they purchased company stock at inflated prices between February 7, 2023, and April 25, 2023. The plaintiffs now seek reparations for their claimed losses, citing misleading statements by the company and certain top executives which they argue led to an artificial inflation of stock values. Enphase Energy, recognized globally for its advanced solar generation, storage, and energy management solutions, … Read more