Misrepresentations

Bleichmar Fonti & Auld LLP Files Lawsuit Against BioAge Labs Over Alleged IPO Misrepresentations, Urges Investors to Join Legal Action

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NEW YORK — Legal actions have commenced against BioAge Labs, Inc., a clinical-stage biopharmaceutical company known for its advanced therapies aimed at metabolic diseases like obesity. A lawsuit filed in the U.S. District Court for the Northern District of California accuses BioAge and some of its top executives of potential breaches of federal securities laws. The securities law firm Bleichmar Fonti & Auld LLP, leading the litigations, announced these proceedings detailing that the lawsuit encapsulates claims under Sections 11 and 15 of the Securities Act of 1933. The complaint specifically represents investors who acquired shares … Read more

Gore-Tex Hit with Lawsuit Over Alleged Sustainability Misrepresentations

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A class action lawsuit has been filed against the Delaware-based outdoor apparel company W.L. Gore & Associates, accusing the maker of Gore-Tex products of making misleading environmental claims. The lawsuit alleges that the company’s sustainability initiatives are significantly over-promised, leading consumers to believe their products are more environmentally friendly than they are. The legal complaint, which spans 138 pages, contends that W.L. Gore & Associates has engaged in a form of deception known as “greenwashing.” This term describes a marketing approach in which a company conveys a false impression or provides misleading information about how … Read more

Schall Law Firm Initiates Class Action Lawsuit Against WEBTOON for Alleged IPO Misrepresentations

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Los Angeles, CA – The Schall Law Firm, a renowned law firm focusing on shareholder rights litigation, has announced a class action lawsuit against WEBTOON Entertainment Inc., a popular digital comic platform. The lawsuit alleges violations of federal securities laws linked to the company’s June 27, 2024, initial public offering (IPO). Investors who acquired securities of WEBTOON as per or traceable to the offering documents during the IPO are being urged to engage with the firm before the November 4, 2024 deadline. This gives shareholders a window to consider their legal options and potentially recover … Read more

California Takes Legal Stand Against ExxonMobil Over Alleged Recycling Misrepresentations

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Sacramento, CA – California’s Attorney General has initiated a lawsuit against ExxonMobil, alleging the oil giant has been deceitful in promoting plastics as recyclable, when in fact, most plastics end up in landfills or polluting the environment. The suit claims that ExxonMobil, one of the world’s leading plastic producers, has been aware for decades that recycling plastic economically and effectively at a large scale was highly unlikely, yet continued to market their products as recyclable. The lawsuit, filed in state court, demands that ExxonMobil be held accountable for environmental damage and the substantial costs state … Read more