Iris Energy Investors Alerted by Gross Law Firm to Join Class Action Over Alleged Misleading Statements

New York, NY – The Gross Law Firm has released an announcement aimed at shareholders of Iris Energy Limited (NASDAQ: IREN), urging those who have purchased shares within a specified period to come forward concerning potential lead plaintiff appointment in a securities class-action lawsuit. This invitation is part of efforts to consolidate claims against the company under allegations of misleading statements and misrepresentations. The law firm’s notice specifies the class period as from June 23, 2023, to July 11, 2024. During this period, it is alleged that Iris Energy made false and misleading statements regarding … Read more

GitLab Faces Securities Class Action: Investors Alerted to Join Lawsuit Over Alleged Misleading AI Development Claims

Los Angeles, California – The Schall Law Firm, recognized for representing shareholder rights in national litigation, has recently announced a class action lawsuit targeting GitLab Inc. (NASDAQ: GTLB). The suit accuses the company of violations related to the Securities Exchange Act of 1934, specifically under sections 10(b) and 20(a), along with Rule 10b-5, as put forth by the U.S. Securities and Exchange Commission. This litigation comes following allegations that GitLab disseminated misleading information about its capabilities, particularly concerning its development of artificial intelligence tools aimed at bolstering its DevSecOps platform. The firm prompts investors who … Read more

Alibaba Agrees to $433.5 Million Settlement in Shareholder Lawsuit Over Misleading Exclusivity Claims

Hangzhou, China – Alibaba Group, the Chinese e-commerce giant, has agreed to pay $433.5 million to settle a class-action lawsuit brought by its shareholders in the United States. The suit accused Alibaba of issuing misleading statements concerning its business practices and alleged exclusivity agreements. Shareholders filed the lawsuit in March 2023 within the U.S. District Court for the Southern District of New York. The primary allegations centered around the claim that Alibaba misled investors about its competitive practices, resulting in potential advantages that artificially inflated stock prices. This purported inflation led to significant losses when … Read more

Revisiting Kamala Harris’s Approach to Sex Offender Residency Laws Amid Misleading Claims in Super PAC Ad

In a striking example of political advertising’s power to mislead, a recent TV ad by a pro-Donald Trump super PAC portrays former California Attorney General Kamala Harris as lax in enforcing laws to keep sex offenders away from schools and parks. This ad, part of a $19 million campaign broadcast thousands of times across at least five swing states, distorts Harris’s actual record on the enforcement of California’s stringent sex offender residency law. The ad stems from complex legal and constitutional challenges to the California law known as Jessica’s Law. Approved by roughly 70% of … Read more