Posts

Posted on

SK Telecom Pursues 15GW AI Data Center Buildout, Aiming to Become Asia’s AI Infrastructure Hub

PR Newswire


  • Ulsan AI Data Center to expand to GW scale; 5GW to be activated in stages from 2029, reaching 15GW in total

  • SK Group brings together full-stack AI infrastructure capabilities; SKT to spearhead the overall project

  • Korea’s third national infrastructure revolution following the Gyeongbu Expressway and high-speed internet

SEOUL, Korea, July 5, 2026 /PRNewswire/ — SK Telecom (NYSE: SKM, hereafter “SKT”) today announced that it will pursue the construction of an AI data center with a scale of up to 15GW. The goal is to become an AI infrastructure hub in Asia.

The move is intended to preemptively build domestic AI computing infrastructure at a time when demand for AI model training and inference is surging and high-performance computing infrastructure determines national competitiveness.

SKT is pursuing the project by linking it with the government’s “AI G3” strategy — the goal of becoming one of the world’s three leading AI powers alongside the U.S. and China — and the task of balanced regional development, comprehensively reviewing core infrastructure elements such as power, siting, and operations for the AI data center.

  • Ulsan AI Data Center to Expand to GW Scale; 5GW to Be Activated in Stages from 2029, Reaching 15GW in Total

Due to the buildout of high-performance AI computing infrastructure and rising memory prices, constructing a typical 1GW-class AI data center may require a substantial project cost reaching approximately KRW 70 trillion. Such costs are expected to be financed not only through the company’s own investment but also through strategic partner investment, long-term customer contracts, and project financing.

The backdrop to SKT’s move into building an AI data center at this scale is a global supply shortage. Global consulting firm McKinsey & Company forecasts that global data center demand will grow 19–22% annually while supply fails to keep pace, resulting in an estimated shortfall of about 15GW in the U.S. alone by 2030.[1]

Accordingly, global big tech companies are expanding data center investment beyond the U.S. to locations around the world. In this context, Korea is drawing attention as an investment destination for global big tech companies’ AI data centers.

Korea holds strong competitiveness in core AI components such as high-bandwidth memory (HBM). It also has stable power supply conditions based on nuclear power and liquefied natural gas (LNG), along with GW-class infrastructure operating capabilities accumulated through operating semiconductor fabs, making it an attractive location for AI data centers.

Based on this solid demand and locational advantages, SKT plans to build AI data center capacity totaling 15GW.

First, starting with the AI data center currently under construction in Ulsan, SKT will build a cluster of over 2GW across the southeastern region (Gyeongsang), using it as a base to attract AI infrastructure demand from global big tech companies to Korea. It also plans to build an additional 1GW in the southwestern region (Jeolla), bringing its domestic AI data center capacity to a total of 5GW to be opened in stages starting in 2029.

To this end, SKT will pursue AI data center construction by considering various factors together — including site selection, power supply, and securing key anchor tenants — in connection with the government’s balanced regional development tasks and strategic supply plans.

  • SK Group brings together full-stack AI infrastructure capabilities; SKT to spearhead the overall project as AI Infrastructure Architect

AI data center infrastructure hinges on three core elements: semiconductors, energy solutions, and data center construction and operation capabilities. SK Group already holds these core capabilities across its affiliates. This project will bring together the Group’s full-stack AI infrastructure capabilities, with each affiliate contributing its own strengths.

In particular, SKT will take on the central role of leading the design, construction, and operation of the AI data centers. SKT has already been actively pursuing the AI data center business and has continued its cooperation with global big tech companies[2].  

At SK AI Summit 2025 last November, SKT President and CEO Jung Jai-hun unveiled the company’s AI infrastructure roadmap, stating that SKT would lead the evolution of AI infrastructure as the nation’s leading AI operator. He also presented a longer-term blueprint for expanding cooperation with global big tech companies and scaling up the Ulsan AI Data Center to a total of over 1GW.

More recently, SKT announced plans to operate an “AI Factory,” described as a next-generation AI data center. SKT plans to begin AI Factory operations in 2027 and expand it to GW scale going forward.

  • Korea’s Third National Infrastructure Revolution Following the Gyeongbu Expressway and High-Speed Internet

The AI industry expects that AI data centers will serve not only as a new growth engine for Korea, but also as a national strategic asset. In particular, it is expected that linking AI data centers with regional industries will contribute to balanced regional development.

The construction of a 15GW-scale AI data center is expected to serve as a springboard for Korea to become an AI infrastructure hub. SKT views AI data centers as Korea’s third innovative infrastructure, following the Gyeongbu Expressway (1968) and high-speed internet (1998), and intends to take a leading role in advancing it.

“This AI data center project is aimed at preemptively preparing the computing infrastructure that the global AI ecosystem needs,” said Jung Jai-hun, President and CEO of SKT. “We will work closely with the government, industry, and local communities to help Korea grow into Asia’s core AI infrastructure hub.”

About SK Telecom 

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company with a strong global presence. It is focusing on driving innovations in areas of AI Infrastructure, AI Transformation (AIX) and AI Service to deliver greater value for industry, society, and life. 

For more information, please visit our newsroom athttps://news.sktelecom.com/en/ or our LinkedIn page at www.linkedin.com/company/sk-telecom.

Forward-Looking Statements: Certain statements in this press release including, but not limited to, statements as to: SK Telecom’s plans, objectives and expectations regarding the development, construction, financing and operation of AI data centers and AI infrastructure; the planned development of AI data center capacity, including the phased development of projects in Ulsan and other regions of Korea; anticipated project timing, financing arrangements and strategic partnerships; expectations regarding AI Factory deployment, AI infrastructure demand and Korea’s position as an AI infrastructure hub; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause actual results to be materially different than expectations.

Important factors that could cause actual results to differ materially include: global economic and political conditions; customer demand for AI infrastructure and services; the availability and cost of financing, computing resources, semiconductors, power, networking capacity and data center infrastructure; changes in governmental policies, applicable laws and regulations; the ability to secure strategic partners and customers; technological developments and competition; supply chain disruptions; the ability of SK Telecom and its collaborators and partners to successfully implement the contemplated initiatives and realize anticipated benefits; and other factors detailed from time to time in reports filed or furnished by SK Telecom with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F.

These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by applicable law, SK Telecom undertakes no obligation to update these forward-looking statements to reflect future events or circumstances.


[1]  “AI Power: Expanding data center capacity to meet growing demand” (McKinsey & Company)


[2] SK Telecom and NVIDIA Build AI Infrastructure to Power Korea’s AI Innovation (June 8, 2026) https://news.sktelecom.com/en/3124
  SK Group and AWS Team Up to Build Cloud Computing Infrastructure to Support AI Innovation (June 22, 2025) https://news.sktelecom.com/en/1948

 

Cision View original content:https://www.prnewswire.com/news-releases/sk-telecom-pursues-15gw-ai-data-center-buildout-aiming-to-become-asias-ai-infrastructure-hub-302817963.html

SOURCE SK Telecom

Posted on

PHR Deadline: PHR Investors with Losses in Excess of $100K Have Opportunity to Lead Phreesia, Inc. Securities Fraud Lawsuit

PR Newswire

NEW YORK, July 4, 2026 /PRNewswire/ —

Rosen Law Firm Logo

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Phreesia, Inc. (NYSE: PHR) between May 8, 2025 and March 30, 2026, inclusive (the “Class Period”), of the important July 13, 2026 lead plaintiff deadline.

So what: If you purchased Phreesia common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Phreesia class action, go to https://rosenlegal.com/cases/phreesia-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 13, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or concealed material adverse facts concerning the true state of Phreesia’s slowing demand and reduced visibility in key revenue streams, notably, the weakened pharmaceutical marketing commitments in its Network Solutions segment. When the true details entered the market, the lawsuit claims that investors suffered damages. 

To join the Phreesia class action, go to https://rosenlegal.com/cases/phreesia-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm, P.A.
     275 Madison Avenue, 40th Floor
     New York, NY 10016
     Tel: (212) 686-1060
     Toll Free: (866) 767-3653
     Fax: (212) 202-3827
     [email protected]
     www.rosenlegal.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/phr-deadline-phr-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-phreesia-inc-securities-fraud-lawsuit-302817345.html

SOURCE THE ROSEN LAW FIRM, P. A.

Posted on

CALX Deadline: CALX Investors with Losses in Excess of $100K Have Opportunity to Lead Calix, Inc. Securities Fraud Lawsuit

PR Newswire

NEW YORK, July 4, 2026 /PRNewswire/ — 

Rosen Law Firm Logo

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Calix, Inc. (NYSE: CALX) between January 28, 2026 and April 21, 2026, inclusive (the “Class Period”), of the important July 27, 2026 lead plaintiff deadline.

So What: If you purchased Calix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Calix class action, go to https://rosenlegal.com/cases/calix-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Calix’s first quarter margins had significantly benefited from advanced purchasing of memory components; (2) Calix’s advanced supply of memory components was dwindling; (3) as a result, Calix was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and (4) as a result of the foregoing, defendants’ positive statements about Calix’s margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. 

To join the Calix class action, go to https://rosenlegal.com/cases/calix-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/calx-deadline-calx-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-calix-inc-securities-fraud-lawsuit-302817285.html

SOURCE THE ROSEN LAW FIRM, P. A.

Posted on

Alarum Technologies Announces Temporary Operational Pause of Certain Network Services

Tel Aviv, Israel, July 04, 2026 (GLOBE NEWSWIRE) — Alarum Technologies Ltd. (Nasdaq: ALAR, TASE: ALAR) (“Alarum” or the “Company”) today announced the following update.

Further to the Company’s announcements dated July 2 and July 3, 2026, the Company continues to investigate the recent incident affecting certain aspects of NetNut Ltd’s network.

As part of this ongoing investigation, and as a precautionary operational measure, the Company has decided to temporarily pause traffic through the relevant network services for several days. This step is intended to enable the Company to investigate the incident, assess the affected infrastructure, determine whether any malicious activity occurred, and implement any measures the Company determines are appropriate before resuming normal operations.

The Company believes that temporarily pausing traffic through the relevant network services is the most responsible course of action while the investigation is ongoing.

As a result of this temporary operational measure, the availability of the Company’s services will be significantly reduced during this period. The Company has taken this precautionary step to enable a thorough investigation of the incident and is devoting substantial technical and operational resources to the investigation and recovery process. The Company is working to restore normal operations as soon as possible.

The Company continues to evaluate the situation and will provide additional updates as appropriate.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Forward-looking statements include, without limitation, statements regarding the Company’s ongoing investigation, the expected duration of the temporary operational pause, the restoration of services, the implementation of remediation measures, the potential impact on the Company’s operations and financial results, and future developments relating to the incident. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “may,” “will,” “could,” “continue,” “seek,” and similar expressions are intended to identify forward-looking statements. Because such statements relate to future events and are based on the Company’s current expectations, they are subject to various risks and uncertainties, and actual results may differ materially from those described in or implied by these forward-looking statements. These risks and uncertainties include, among others, the outcome of the Company’s ongoing investigation, the duration and impact of the temporary operational pause, the timing of service restoration, actions by governmental or regulatory authorities, and the other risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and in the Company’s subsequent filings with the SEC. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.

INVESTOR RELATIONS CONTACT:


[email protected]
     



Posted on

ComEd Continues Power Restoration Following Two Powerful Storms

ComEd Continues Power Restoration Following Two Powerful Storms

Crews focus on restoring outages after multiple rounds of severe weather moved across northern Illinois

CHICAGO–(BUSINESS WIRE)–
ComEd crews continue to make progress restoring power to customers after a triple punch of severe storms swept across northern Illinois on Thursday night and Friday afternoon. The most severely impacted areas were the north and south regions of ComEd’s territory including Tinley Park, Burbank, Homewood and some southern wards in the City among the hardest hit areas. The storms brought heavy rain, frequent lightning and wind gusts over 50 miles per hour, causing extensive tree damage across several communities. Since the storms began, more than 200,000 customers have been restored, and approximately 52,000 customers remain without power. ComEd estimates that 80 percent of customers will be restored the evening of July 4, with remaining customers restored by Sunday evening.

Additional severe weather is possible through the holiday weekend, with potential storms on Saturday afternoon. More than 1,300 full-time ComEd and contractor personnel are positioned across the system to assist in restoration. Crews will continue to work around the clock until all customers are restored.

“We saw several fast-moving storm cells roll across our service territory, causing significant tree damage and outages,” said David Perez, executive vice president and COO of ComEd. “Our crews are out in force and will continue working safely through the holiday weekend to get every customer restored as quickly as possible.”

Public safety is paramount, and ComEd encourages customers to take the following precautions:

  • If a downed power line is spotted, please immediately call ComEd at 1-800-EDISON1 (1-800-334-7661). Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).

  • Never approach a downed power line. Always assume a power line is energized and extremely dangerous.

  • In the event of an outage, do not approach ComEd crews working to restore power to ask about restoration times. Crews may be working on live electrical equipment, and the perimeter of the work zone may be hazardous.

ComEd urges customers to contact the company immediately if they experience a power outage. Customers can text OUT to 26633 (COMED) to report an outage and receive restoration information and can follow the company on X @ComEd or on Facebook at Facebook.com/ComEd. Customers can also call 1-800 EDISON1 (1-800-334-7661), or report outages via the website at ComEd.com/report. Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).

With ComEd’s new Outage Tracker, customers can report outages, check estimated time of restoration, view crew status updates, and explore our outage map. Visit ComEd.com/OutageTracker.

ComEd’s mobile app for iPhone and Android® smart phones gives customers the ability to report power outages and manage their accounts; download the app at ComEd.com/app.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving nearly 11 million electricity and natural gas customers. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X and YouTube.

 

ComEd Media Relations

312-394-3500

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Oil/Gas Alternative Energy Energy Other Energy Utilities

MEDIA:

Posted on

Zillow Group Securities Fraud Class Action Arising from Alleged Anticompetitive Agreement and Related Regulatory Risks – Investors May Contact Lewis Kahn, Esq., at Kahn Swick & Foti, LLC

PR Newswire

NEW YORK and NEW ORLEANS, July 3, 2026 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 10, 2026 to file lead plaintiff applications in a securities class action lawsuit against Zillow Group, Inc. (NasdaqGS: ZG, Z) (“Zillow” or the “Company”), if they purchased or otherwise acquired Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Western District of Washington.

What You May Do

If you purchased shares of Zillow as described above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-zg-z/?prs=prn to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 10, 2026.


CLICK

HERE for more information

About the Lawsuit

Zillow and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) Zillow’s agreement with Redfin was not a “partnership,” but rather an acquisition of Redfin’s business; (ii) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (iii) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (iv) as a result, Defendants’ statements about Zillow’s business, operations, and prospects, were materially false and misleading and or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

The case is Breidert v. Zillow Group, Inc., et al., 26-cv-02016.

To Learn More, Click

HERE

About

Kahn Swick & Foti

, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors, in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

For More Information about the case, Click

HERE

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

KSF

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-group-securities-fraud-class-action-arising-from-alleged-anticompetitive-agreement-and-related-regulatory-risks–investors-may-contact-lewis-kahn-esq-at-kahn-swick–foti-llc-302817297.html

SOURCE Kahn Swick & Foti, LLC

Posted on

Hub Group, Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and approximately 31% Stock Decline – Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC

PR Newswire

NEW YORK and NEW ORLEANS, July 3, 2026 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 28, 2026 to file lead plaintiff applications in a securities class action lawsuit against Hub Group, Inc. (“Hub” or the “Company”) (NasdaqGS: HUBG), if they purchased or otherwise acquired the Company’s securities between April 28, 2023, and May 11, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Illinois.

What You May Do

If you purchased securities of Hub as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-hubg/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 28, 2026.

>>>

CLICK HERE

for more information

About the Lawsuit

Hub Group and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On February 5, 2026, the Company disclosed that its financial statements and reports for the first three quarters of 2025 should not be relied upon due to “an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025” and that it planned to restate the statements. On this news, the price of Hub Group shares fell approximately 18%, from $51.33 per share on February 5, 2026 to $41.96 on February 6, 2026.

Then, on May 12, 2026, the Company disclosed that it had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,” causing its 2023 and 2024 annual reports filed with the SEC to be “materially misstated,” such that they should no longer be relied upon, and “expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.” On this news, the price of Hub Group shares fell an additional 13%, from $41.86 per share at close on May 11, 2026 to $36.62 on May 12, 2026.

The case is Lawler v. Hub Group, Inc., et al, 26-cv-07596.

>>>To Learn More, Click

HERE

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

>>>For More Information about the case, Click

HERE

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

KSF

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hub-group-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-approximately-31-stock-decline—investors-may-contact-lewis-kahn-esq-at-kahn-swick–foti-llc-302817280.html

SOURCE Kahn Swick & Foti, LLC

Posted on

Via Transportation, Inc. Securities Class Action Result of Undisclosed Growth Obstacles and approximately 70% Stock Decline – Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC

PR Newswire

NEW YORK and NEW ORLEANS, July 3, 2026 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 10, 2026 to file lead plaintiff applications in a securities class action lawsuit against Via Transportation, Inc. (“Via” or the “Company”) (NYSE: VIA), if they purchased or otherwise acquired the Company’s shares pursuant to and/or traceable to the Company’s September 2025 initial public offering (the “IPO” or the “Offering”). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of Via Transportation as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-via/?prs=prn to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 10, 2026.

>>>

CLICK HERE

for more information

About the Lawsuit

The Complaint alleges that the Registration Statement and Prospectus (filed with the SEC on August 15, 2025, and September 15, 2025, respectively) including all amendments thereto (collectively, the “Offering Documents”), contained materially incorrect or misleading statements and/or omitted material information that was required by law to be disclosed. 

According to the Complaint, at the time of the IPO, and unbeknownst to investors, the Company had already begun to encounter obstacles including that it was adding customers faster than those customers were generating revenue, resulting in a decline in ARR per customer for the first time in eight quarters, and that Germany was stuck in a regulatory transition where customers had adopted microtransit but Via, as it later revealed, could not actually “sell the entire platform.”

By the commencement of the action, Via’s shares traded as low as $14.52, a decline of nearly 70% from the Offering Price.

The case is Garlesky v. Via Transportation, Inc., 26-cv-04870.

>>>To Learn More, Click

HERE

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

>>>For More Information about the case, Click

HERE

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

KSF

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/via-transportation-inc-securities-class-action-result-of-undisclosed-growth-obstacles-and-approximately-70-stock-decline—investors-may-contact-lewis-kahn-esq-at-kahn-swick–foti-llc-302817286.html

SOURCE Kahn Swick & Foti, LLC

Posted on

PicS N.V. Notice of August 4, 2026 Application Deadline for Class Action Lawsuit – Contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC, Before Application Deadline

PR Newswire

NEW YORK and NEW ORLEANS, July 3, 2026 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in PicS N.V. (“PicS” or the “Company”) (NasdaqGS: PICS) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of PicS who were adversely affected if they purchased the Company’s Class A common stock in and/or traceable to its January 30, 2026 initial public offering (the “IPO”). This action is pending in the United States District Court for the Southern District of New York.

Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nasdaqgs-pics/?prs=prn

PicS investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-pics/?prs=prn to learn more.

CASE DETAILS: According to the Complaint, PicS and certain of its executives are charged with failing to disclose material information in the Offering Documents, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) in December 2025, the Company determined that its credit assessment procedures were deficient and required enhancement; (ii) following implementation of revised procedures, the Company reclassified approximately R$590 million of exposures from Stage 2 to Stage 3, resulting in an incremental ECL charge of R$88 million for the quarter ended December 31, 2025; (iii) the Company experienced an undisclosed Stage 3 formation rate exceeding 7% in the fourth quarter of 2025, materially departing from the historical trends disclosed in the offering documents; (iv) the offering documents materially overstated the effectiveness of PicS N.V.’s credit models, user data, and underwriting and risk-monitoring capabilities; and (v) prior to the IPO, PicS N.V.’s expansion into riskier business lines had led to deteriorating credit quality, increased default and impairment risk, and adverse financial and operational trends that were expected to continue worsening and materially impact the Company’s business and financial results. 

The case is FirstFire Global Opportunities Fund, LLC v. PicS N.V., No. 26-cv-04793.

WHAT TO DO? If you invested in PicS and suffered a loss during the relevant time frame, you have until August 4, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

KSF

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pics-nv-notice-of-august-4-2026-application-deadline-for-class-action-lawsuit—contact-lewis-kahn-esq-at-kahn-swick–foti-llc-before-application-deadline-302817282.html

SOURCE Kahn Swick & Foti, LLC

Posted on

ADMA Biologics, Inc. Notice of August 10, 2026 Application Deadline for Class Action Lawsuit – Contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC, Before Application Deadline

PR Newswire

NEW YORK and NEW ORLEANS, July 3, 2026 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in ADMA Biologics, Inc. (“ADMA” or the “Company”) (NasdaqGM: ADMA) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of ADMA Biologics, Inc. who were adversely affected if they purchased the Company’s securities between August 9, 2024 and March 25, 2026, both dates inclusive (the “Class Period”). This action is pending in the United States District Court for the District of New Jersey.

Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nasdaqgm-adma/?prs=prn

ADMA investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgm-adma/?prs=prn to learn more.


CLICK HERE

for more information

CASE DETAILS: According to the Complaint, ADMA Biologics and certain of its executives are charged with failing to disclose material information in the Offering Documents, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company engaged in an undisclosed related party transaction; (ii) the Company used channel stuffing to create an appearance of revenue; (iii) the Company lacked adequate internal controls; (iv) as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

The case is Mazzarino v. ADMA Biologics, Inc., et al, No. 26-cv-04793.

WHAT TO DO? If you invested in ADMA and suffered a loss during the relevant time frame, you have until August 10, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

To Learn More, Click

HERE

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

KSF

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/adma-biologics-inc-notice-of-august-10-2026-application-deadline-for-class-action-lawsuit—contact-lewis-kahn-esq-at-kahn-swick–foti-llc-before-application-deadline-302817228.html

SOURCE Kahn Swick & Foti, LLC