Investigations

Johnson Fistel has Commenced an Investigation on Behalf of Sezzle Inc. (SEZL) Shareholders Johnson Fistel, LLP is investigating Sezzle Inc. (NASDAQ: SEZL) for possible non-compliance with federal securities laws and Delaware corporate law. What if I purchased Sezzle securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. Sezzle is a technology payments company which offers financing to customers and merchants as a “Buy Now, Pay Later” service.  Approximately 52% of Sezzle’s revenue for the third quarter of fiscal year 2024 came from “transaction income,” which includes, among other things, merchant processing fees and consumer fees. In the same period, Sezzle derived 33% of its revenue from its two “subscription” offerings. What is Johnson Fistel Investigating? On December 18, 2024, Hindenburg Research LLC (“Hindenburg”) published

Applied Therapeutics Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses (APLT) Shareholder rights law firm Johnson Fistel, LLP is investigating whether Applied Therapeutics, Inc. (NASDAQ: APLT) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Symbotic securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What is Johnson Fistel Investigating? On November 27, 2024, Applied Therapeutics publicly disclosed that the U.S. Food and Drug Administration (FDA) had issued a Complete Response Letter (CRL) concerning the New Drug Application (NDA) for govorestat, a novel central nervous system (CNS)-penetrant aldose

Johnson Fistel Investigates the Proposed Merger of Frontier Communications; Is $38.50 a Fair Price? Johnson Fistel, LLP has begun an investigation into whether the board members of Frontier Communications Parent, Inc. (NASDAQ: FYBR) breached their fiduciary duties in connection with the proposed merger with Verizon Communications Inc. (NYSE: VZ). On November 13, 2024, Frontier Communications shareholders approved the merger agreement with Verizon, with approximately 63% of stockholders voting in favor of the merger.  However, ten of Frontier’s twelve largest shareholders voted against approving the merger, mainly complaining the merger significantly undervalued Frontier.  For example, Cooper Investors PTY Limited, which owns 800,000 shares, said the merger “significantly undervalues” Frontier and “fails to adequately compensate stockholders for the anticipated synergies that would be created by the transaction,” and believes Frontier’s “standalone value is 24-62% above the offer price.”  Further, a New Street Research analyst stated in a report Verizon could “comfortably pay

e.l.f. Beauty Is Now Under Investigation by Johnson Fistel on Behalf of Shareholders Who Incurred Losses on Their Investment Johnson Fistel, LLP is investigating whether e.l.f. Beauty, Inc. (NYSE: ELF) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose material information to investors. On November 20, 2024, Muddy Waters Research issued a report regarding e.l.f. Beauty. The report states that “Muddy Waters is short e.l.f. Beauty, Inc. (ELF) because we believe it has materially overstated revenue over the past three quarters – possibly by ~$135 million to ~$190 million. We believe that in Q2 FY24, ELF management realized its growth narrative was in trouble as its inventory built. It appears that ELF then began reporting inflated revenue and profits. Its reported inventory also appears materially inflated as a result – i.e., to account for cash that has not really come in.” What if

Quanterix Corporation Is Now Under Investigation by Johnson Fistel, LLP on Behalf of Shareholders Who Incurred Losses on Their Investments Johnson Fistel, LLP is investigating whether Quanterix Corporation (NASDAQ: QTRX) or any of its executive officers violated securities laws by misrepresenting or failing to disclose material information to investors. What if I purchased Quanterix securities? If you purchased securities and suffered losses on your investment, join our investigation now: For more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471 There is no cost or obligation to you. What is Johnson Fistel investigating? On November 12, 2024, following the market’s closure, Quanterix disclosed that it had discovered an error in the capitalization of labor and overhead costs for prior periods, dating back to at least 2021. This error impacted the valuation of its inventory. Consequently, the company advised that the financial statements containing these errors should no longer be considered reliable.

Nextracker Inc. Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses Shareholder rights law firm Johnson Fistel, LLP is investigating whether Nextracker Inc. (NASDAQ: NXT) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased NXT securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you.

Paycor HCM Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses Shareholder rights law firm Johnson Fistel, LLP is investigating whether Paycor HCM, Inc. (NASDAQ: PYCR) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased PYCR securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances,

ICON Public Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses Shareholder rights law firm Johnson Fistel, LLP is investigating whether ICON Public Limited Company (NASDAQ: ICLR) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased ICON securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain

Johnson Fistel has Commenced an Investigation on Behalf of Proficient Auto Logistics, Inc. (PAL) Shareholders Shareholder rights law firm Johnson Fistel, LLP is investigating whether Proficient Auto Logistics, Inc. (NASDAQ: PAL) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased PAL securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under

Johnson Fistel has Commenced an Investigation on Behalf of Progyny (PGNY) Shareholders Shareholder rights law firm Johnson Fistel, LLP is investigating whether Progyny, Inc. (NASDAQ: PGNY) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Progyny securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What is Johnson Fistel Investigating? On September 18, 2024, Progyny revealed in a filing with the U.S. Securities and Exchange Commission that a major client had opted to exercise a 90-day termination option for its services agreement, effective January 1, 2025. The following day, on

Johnson Fistel has Commenced an Investigation on Behalf of Atkore (ATKR) Shareholders Shareholder rights law firm Johnson Fistel, LLP is investigating whether Atkore Inc. (NYSE: ATKR) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Atkore securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling

Elevance Health, Inc. Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses Shareholder rights law firm Johnson Fistel, LLP is investigating whether Elevance Health, Inc. (NYSE: ELV) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Elevance securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain

ASML Holding N.V. Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses Shareholder rights law firm Johnson Fistel, LLP is investigating whether ASML Holding N.V. (NASDAQ: ASML) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased ASML securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What is Johnson Fistel investigating? On October 15, 2024, ASML released its third-quarter earnings for 2024, reporting quarterly bookings of €2.63 billion, which represents a 53% decrease compared to the previous quarter. The company also projected that its total net sales

Ryvyl Investigation Alert: Johnson Fistel, LLP Encourages Long-Term Investors to Reach Out for More Information Recently, a class action lawsuit was filed against the company. The Ryvyl class action lawsuit alleges that the Offering’s Registration Statement and defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Ryvyl’s internal controls were inadequate; (ii) Ryvyl downplayed and obfuscated its internal control issues; (iii) Ryvyl’s financial statements for December 31, 2021 through and including interim periods ended September 30, June 30, and March 31, 2022 contained errors resulting in overstatements of revenue, assets, and stockholders’ equity and understatement of losses; and (iv) as a result, Ryvyl would need to restate its previously issued financial statements for those periods. Johnson Fistel is currently undertaking an extensive investigation related to potential violations of shareholder rights involving certain companies that are facing securities class action lawsuits. If warranted our

Fastly Investigation Alert: Johnson Fistel, LLP Encourages Long-Term Investors to Reach Out for More Information Recently a class action was filed against Fastly. The class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) contrary to Fastly’s representations to investors, Fastly was in fact experiencing a significant deceleration in growth among its largest customers and was losing the increased market share it had gained as a result of the 2023 Content Delivery Network consolidation trend; (ii) these issues were likely to have a material negative impact on Fastly’s revenue growth; (iii) accordingly, Fastly was unlikely to meet its own previously issued revenue guidance for fiscal year 2024; and (iv) as a result, Fastly’s financial position and/or prospects were overstated. Johnson Fistel is currently undertaking an extensive investigation related to potential violations of shareholder rights involving certain companies that are

Hertz Global Investigation Alert: Johnson Fistel, LLP Encourages Long-Term Investors to Reach Out for More Information Recently, a class action lawsuit was filed against the company. The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Hertz had downplayed the financial impact of vehicle depreciation, and/or overstated its ability to track and manage vehicle depreciation; (ii) demand for Hertz’s EVs was not as strong as Defendants had led investors to believe; (iii) Hertz had too many vehicles, particularly EVs, in its fleet to remain profitable; (iv) as a result of all the foregoing, Hertz was likely to incur significant losses on the disposition of both its ICE vehicles

SHAREHOLDER ALERT: Investigation of Byrna Technologies Inc. (BYRN) Announced by Johnson Fistel Shareholder rights law firm Johnson Fistel, LLP is investigating whether Byrna Technologies Inc. (NASDAQ: BYRN) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. On October 29, 2024, Bonitas Research issued a report questioning Byrna’s primary sales channels, sales growth, and profitability. The report states that “Byrna’s earnings call highlighted the specific importance of its ‘Premier Dealer’ network and disclosed Byrna had twenty (20) ‘Premier Dealers’ as of April 5, 2024. We found some Byrna ‘Premier Dealers’ were secondary businesses using ad-hoc shooting ranges in garages and back alleys with little to no retail presence.” Bonitas Research also contacted 20% of Byrna’s Authorized Dealers, revealing multiple ‘Authorized Dealers’ with no online presence nor independent retail storefronts, including a car wash, a tea shop, a

SHAREHOLDER ALERT: Investigation of Unisys Corporation (UIS) Announced by Johnson Fistel Shareholder rights law firm Johnson Fistel, LLP is investigating whether Unisys Corporation (NYSE: UIS) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. On October 22, 2024, the SEC announced charges against Unisys and three other companies for “making materially misleading disclosures regarding cybersecurity risks and intrusions.” Following this announcement, Unisys shares dropped by over 8.6%. What if I purchased Unisys securities? If you purchased securities and suffered losses on your investment, join our investigation now: Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.