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Kuehn Law Encourages Investors of Nuvation Bio Inc. to Contact Law Firm

PR Newswire


NEW YORK
, Feb. 18, 2025 /PRNewswire/ — Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Nuvation Bio Inc. (NYSE: NUVB) breached their fiduciary duties to shareholders.  The investigation concerns potential self-dealing. Shareholders may be entitled to damages and corporate governance reforms.

If you are a long-term NUVB stockholder please contact Justin Kuehn, Esq. here, by email at [email protected], or  call (833) 672-0814.  The consultation and case are free with no obligation to you.  Kuehn Law pays all case costs and does not charge its investor clients.Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

Why Your Participation Matters:

As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™ 

For additional information, please visit Shareholder Derivative Litigation – Kuehn Law.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814

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SOURCE Kuehn Law, PLLC

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LexisNexis® U.S. Insurance Demand Meter Reports Continued Hot Streak with “Nuclear” U.S. Consumer Shopping and “Sizzling” New Policy Growth

PR Newswire


ATLANTA
, Feb. 18, 2025 /PRNewswire/ — For the third consecutive quarter, U.S. auto insurance shopping remains “Nuclear,” according to the LexisNexis® Risk Solutions U.S. Insurance Demand Meter, while new policy growth registered at a “Sizzling” level. Insurers saw 18% more consumers shopping in 2024 compared to 2023 levels. A combination of consumers seeing their rates increasing in conjunction with carrier-led marketing campaigns promoting lower premiums helped entice policyholders into the market. Compared to their behavior in previous quarters, those shoppers didn’t necessarily switch their policies.  

Key Takeaways

  • Consumers Continue to Shop: As of December 31, 2024, 45% of policies-in-force were shopped at least once in the last 12 months.
  • Shopping and New Policy Growth Increased Year-over-Year: Shopping grew 26% in Q4 2024, while new policy growth was 17.7% in Q4 2024.
  • Insurance Not Included in Holiday Shopping Lists: Similar to prior years, the number of new policies issued dropped in November and December in 2024 as consumers shifted their focus to the holiday season. However, Q4’s drop was greater than in previous years, likely as a result of increased rate parity across carriers in the market, which likely hampered consumers’ ability to find lower rates.

Key Observations
“In the first half of 2024, when consumers shopped their policies, they were looking for opportunities for discounts and were willing to switch. At that time, insurers saw the growth of carrier switching outpacing the growth in shopping because it was easier for shoppers to find more favorable premiums,” said Chris Rice, vice president of strategic business intelligence, insurance, LexisNexis Risk Solutions. “However, that trend reversed in the latter half of 2024, with shopping growth outpacing new business, as carriers in a number of states had implemented rate increases, making it harder for consumers to find savings attractive enough to follow through and switch.”


New York and Hawaii as Outliers
Insurers saw pre-hard market volumes in Q4 for shopping and new business in every state except New York and Hawaii. While overall, new policy growth started to stabilize industry-wide in 2023, New York saw the opposite occur. It dipped even further into negative territory as other states experienced positive numbers. Despite having taken rate increases in line with industry average, by the end of 2024, New York was still below Q4 2020 levels for new policy growth volumes, a likely result of many insurers still employing underwriting restrictions and/or limiting marketing efforts in the state.    

Looking Ahead
If shopping for new policies (and switching policies) loses steam in 2025, it may signal an opportunity to create targeted marketing messaging for consumers confronted with the limited availability of attractive deals. Marketing efforts are becoming the main driver of shopping activity, and carriers are taking note.  As competition for shoppers tightens, carriers may need to balance targeting the consumers they are priced competitively to reach, while focusing on retaining current customers to reach desired growth goals.

“Marketing and pricing strategies will be the key differentiators as insurers work to attract new customers while retaining existing policyholders,” said Jeff Batiste, senior vice president and general manager, U.S. auto and home insurance, LexisNexis Risk Solutions. “The start of 2025 has been marked by devastating events, from the wildfires that swept through Southern California to winter storms extending into the South, which compound the heavy losses from last year’s natural disasters. While auto insurance rates have largely stabilized for now, the expectation is that insurers will continue to raise rates to respond to these catastrophes. It will be crucial for insurers to monitor how this trend affects home insurance shopping—and, in turn, the behavior of auto shoppers who also own homes.”

Download the latest U.S. Insurance Demand Meter.

LexisNexis U.S. Insurance Demand Meter
The LexisNexis® U.S. Insurance Demand Meter is a quarterly analysis of shopping volume and frequency, new business volume and related data points. LexisNexis Risk Solutions offers this unique market-wide perspective of U.S. consumer shopping and switching behavior based on its analysis of consumer shopping transactions since 2009, representing nearly 90% of the universe of U.S. insurance shopping activity.

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit www.risk.lexisnexis.com, and www.relx.com.

Media Contacts:
Annalysce Baker
LexisNexis Risk Solutions
Phone: +1 678.436.1579
[email protected]

Dean Carney

Brodeur Partners for LexisNexis Risk Solutions
Phone: +1 646.746.5607
[email protected]

 

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SOURCE LexisNexis Risk Solutions

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Kuehn Law Encourages HEES, SLRN, PTMN, and IPG Investors to Contact Law Firm

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.

Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process:

H&E Equipment Services, Inc. has entered into a definitive agreement with United Rentals, Inc. for $92.00 per share.

ACELYRIN, INC. has agreed to be acquired by Alumis Inc. for 0.4274 shares of Alumis common stock for each share of ACELYRIN common stock. Upon closing, Alumis stockholders will own approximately 55% and Acelyrin stockholders 45% of the combined company, on a fully diluted basis.

Portman Ridge Finance Corporation has agreed to be acquired by Logan Ridge Finance Corporation. Under the proposed agreement, Portman Ridge will remain the surviving public entity and continue trading on Nasdaq under the symbol “PTMN.”

The Interpublic Group of Companies, Inc. has entered into a definitive agreement with Omnicom for 0.344 Omnicom shares for each share of Interpublic common stock. After closing, Omnicom shareholders will own 60.6% and Interpublic 39.4% of the combined company on a fully diluted basis.

Why Your Participation Matters:


SHAREHOLDER CASES: ADDRESSING THE INJUSTICE

As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™

How to Get Involved:

Kuehn Law is dedicated to safeguarding shareholder interests. Concerned shareholders are encouraged to contact the Firm at [email protected] or call (833) 672-0814. Kuehn Law covers all case costs and does not charge its investor clients. Shareholders are advised to act promptly, as legal rights may be time-sensitive. For additional information, please visit Merger Litigation – Kuehn Law.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:

Moon K. Young        
Chief of Operations
Kuehn Law, PLLC
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814



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Get Dinner on the Table Fast with Express Delivery from Kroger

PR Newswire

Retailer’s fastest online delivery offers same great prices as in-store shopping


CINCINNATI
, Feb. 18, 2025 /PRNewswire/ — The Kroger Co. (NYSE: KR) today shared how its Express Delivery service can help customers in a pinch by bringing items they need from the store to a customer’s door and fast. From a missing ingredient for dinner to cold remedies on a sick day or ingredients customers might have forgotten in their grocery haul, Express Delivery powered by Instacart—the retailer’s fastest same day delivery service—can be shopped directly from Kroger’s website and digital app, boasting the same great prices, savings and rewards found in-store.

“Whether you need an item or two to get dinner on the table quickly between homework and bedtime, forgot the candles for a birthday cake or your gameday party ran out of chips just before kickoff, Express Delivery has it covered when you need something and you need it fast,” said Kenneth Perkins, senior director of ecommerce strategy, planning and operations for Kroger. “Let Kroger give you a little time back in your day without compromising on the value and quality found in our stores.”

Customers in need of items quickly can simply visit Kroger.com, fill their online basket, look for the Express Delivery icon at checkout and select a timeslot for their express order all while getting the same great selection, prices and rewards as shopping in store.

Additional ways for customers to get their grocery hauls quickly—satisfaction guaranteed and at in-store prices—include:

  • Free Kroger Pickup in as little as two hours: Kroger associates handpick orders and contact customers if substitutions are needed. Pickup is free on orders of $35 or more.
  • Delivery as soon as two hours: Personal shoppers prepare orders and deliver to customer doors in as little as two hours. Free delivery for Boost by Kroger Plus members at the $99 per year level.
  • Kroger Delivery: Get groceries delivered on the same-day or later by Kroger associates in the retailers refrigerated Blue Trucks that keep items crisp, fresh and dry. Free delivery for Boost by Kroger Plus members.

For even more fresh products and everyday savings, visit Kroger.com or the Kroger app, offering more than $600 in savings. With more than 30,000 mouthwatering possibilities, customers are a swipe away from inspiration to reality. Kroger is worth it every time.

Customers can even more with Boost by Kroger Plus, the membership that can save customers up to $1,100* per year on fuel, exclusive savings, streaming options** and grocery delivery.

* Savings for Boost $99 membership, based on 2 deliveries per week, $91 weekly grocery spend, 13 gallons per fill-up and Fuel Point redemption twice per month. Along with streaming value of $119 based on $9.99 monthly fee for Disney+ Basic (With Ads) and Hulu (With Ads), and $11.99 monthly fee for ESPN+.

** Eligible subs only. Restrictions Apply. See retailer site for details.

Disclaimers for Express Delivery:

Delivery times not guaranteed. Delivery fees apply. See site for details.

About Kroger

At The 
Kroger
 Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies nearly 420,000 associates who serve over 11 million customers daily through a seamless digital shopping experience and retail food stores under a variety of 
banner names
, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.

 

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SOURCE The Kroger Co.

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Lowey Dannenberg Notifies FTAI Aviation Ltd. (“FTAI” or the “Company”) (NASDAQ: FTAI) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against FTAI Aviation Ltd. (“FTAI” or the “Company”) (NASDAQ: FTAI) for violations of the federal securities laws on behalf of investors who purchased or acquired FTAI common stock between July 23, 2024 and January 15, 2025, inclusive (the “Class Period”).

On January 17, 2025, a complaint was filed against the Company and certain of its officers, alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company reported one-time engine sales as Maintenance Repair & Overhaul revenue when FTAI only performs limited repair and maintenance work on the engine assets sold; (2) FTAI presents whole engine sales as individual module sales, thereby overstating sales and demand; (3) the Company depreciates engines that are not on lease, which misleadingly lowers the reported cost of goods sold and inflates EBITDA; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

When investors learned the truth, FTAI’s common stock declined precipitously, injuring investors.

If you suffered a loss of more than $100,000 in FTAI’s securities, and wish to participate, or learn more, click here, or please contact our attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).

Any investor who wishes to serve as Lead Plaintiff must act before March 18, 2025.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has recovered billions of dollars on behalf of its clients.

Contact:
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7234
Email: [email protected]

SOURCE: Lowey Dannenberg P.C.



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Redfin Reports U.S. Home Prices Grew 0.6% in January

Redfin Reports U.S. Home Prices Grew 0.6% in January

On a year-over-year basis, prices rose 5.4% in January, the slowest pace since August 2023

SEATTLE–(BUSINESS WIRE)–
(NASDAQ: RDFN) — U.S. home prices rose 0.6% from a month earlier in January on a seasonally adjusted basis, a tick faster than the 0.5% growth experienced each of the three months prior. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

The last month that home prices grew at a quicker pace was November 2023 (0.7%). This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.

On a year-over-year basis, home prices rose 5.4% in January—the slowest pace since August 2023.

While home prices grew slightly faster in January than previous months, that speed may not continue for long, according to Redfin Senior Economist Sheharyar Bokhari.

“Price growth in January mainly relates to homes that went under contract in December. Since then we have seen a slowdown in sales, along with an uptick in homes being listed,” he said. “That’s likely to lead to slightly slower price growth moving forward because not only are homes sitting longer on the market, when they do go under contract, they are selling at nearly 2% under list price—the biggest discount in nearly two years.”

Metro-Level Summary: Redfin Home Price Index, January 2025

Ten (20%) of the 50 most populous U.S. metro areas recorded a seasonally adjusted drop in home prices in January, month over month.

The biggest decline in January was in Tampa, FL (-1.6%), followed by Dallas (-0.9%) and Oakland, CA (-0.7%). The highest month over month gains were recorded in Pittsburgh, PA (3%), Nassau County, NY (2.8%) and Philadelphia (2.6%).

To view the full report, including a chart and additional metro-level data, please visit: https://www.redfin.com/news/home-price-index-january-2025/

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country’s #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1.6 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.

Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

Contact Redfin

Redfin Journalist Services:

Angela Cherry

[email protected]

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Professional Services Residential Building & Real Estate Insurance Commercial Building & Real Estate Finance Construction & Property Fintech

MEDIA:

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Lowey Dannenberg Notifies Pacira Biosciences, Inc. (“Pacira” or the “Company”) (NASDAQ: PCRX) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Pacira Biosciences, Inc. (“Pacira” or the “Company”) (NASDAQ: PCRX) for violations of the federal securities laws on behalf of investors who purchased or acquired Pacira common stock between August 2, 2023 to August 8, 2024, inclusive (the “Class Period”).

On January 13, 2024, a complaint was filed against the Company and certain of its current and former officers, alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that Pacira had sufficient patent protections on Exparel, and as such, the ability to expand the marketing, production, and sales of Exparel, which Pacira stated was critical to its future growth and revenue; (ii) Pacira knew that the ‘495 patent was not as protective as Pacira publicly touted because on June 6, 2023, the United States District Court for the District of New Jersey issued a ruling in eVenus Pharmaceutical Laboratories, Inc.’s favor regarding claims construction in another case filed by Pacira in a failed attempt to protect Exparel; and (iii) therefore, when the ‘495 patent was invalidated in another case Pacira filed against eVenus, investors and analysts alike were shocked by the concerning news that Exparel, which accounts for approximately 80% of Pacira’s revenue, did not have sufficient patent protection to prevent another company from producing a generic during the life of the patent.

When investors learned the truth, Pacira’s common stock declined precipitously, injuring investors.

If you suffered a loss of more than $100,000 in Pacira’s securities, and wish to participate, or learn more, click here, or please contact our attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).

Any investor who wishes to serve as Lead Plaintiff must act before March 14, 2025.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has recovered billions of dollars on behalf of its clients.

Contact:
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7234
Email: [email protected]

SOURCE: Lowey Dannenberg P.C.



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Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks to be Interviewed on BNN Bloomberg at 3:05pm EST Today

PR Newswire


CHESAPEAKE, Va.
, Feb. 18, 2025 /PRNewswire/ — Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (“Greenwave” or the “Company”), today announced that its Chairman and Chief Executive Officer, Danny Meeks, is expected to be interviewed on BNN Bloomberg at 3:05pm Eastern Standard Time today.

$GWAV Positioned to Win Big on Metal Tariffs

The interview is expected to focus on surging demand and prices for U.S. scrap metal resulting from President Trump’s recently announced 25% steel and aluminum tariffs without exceptions or exclusions.

$GWAV Positioned to Win Big on Metal Tariffs

As one of the Mid-Atlantic’s dominant suppliers of mill-ready shred and other recycled metals, Greenwave anticipates surging demand and expanding profit margins throughout fiscal year 2025. With the U.S. steel and metals industry shifting toward domestic sourcing, Greenwave’s strategic position in Virginia, North Carolina, and Ohio places it at the epicenter of these game-changing industry dynamics.

About Greenwave Technology Solutions, Inc.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) operates 13 metal recycling facilities supplying leading steel mills and industrial partners with 100% domestically-sourced metals. Headquartered in Chesapeake, VA, Greenwave plays a critical role in infrastructure projects and U.S. national security, with operations across Virginia, North Carolina, and Ohio. For more information, visit www.GWAV.com.

For detailed financials and updates, visit www.GWAV.com.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company’s control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company’s common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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SOURCE Greenwave Technology Solutions

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Lowey Dannenberg Notifies Crocs, Inc. (“Crocs” or the “Company”) (NASDAQ: CROX) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Crocs, Inc. (“Crocs” or the “Company”) (NASDAQ: CROX) for violations of the federal securities laws on behalf of investors who purchased or acquired Crocs common stock between November 3, 2022, and October 28, 2024, inclusive (the “Class Period”).

On January 22, 2025, a complaint was filed against the Company and certain of its officers, alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the nature and sustainability of HEYDUDE’s revenue growth by concealing that 2022 revenue growth was driven, in large part, by Crocs’ efforts to stock third-party wholesalers and retailers following the February 2022 acquisition of HEYDUDE; and (ii) that as Crocs’ retail partners began to destock this excess inventory, waning product demand further negatively impacted Crocs’ financial results.

When investors learned the truth, Croc’s common stock declined precipitously, injuring investors.

If you suffered a loss of more than $100,000 in Croc’s securities, and wish to participate, or learn more, click here, or please contact our attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).

Any investor who wishes to serve as Lead Plaintiff must act before March 24, 2025.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has recovered billions of dollars on behalf of its clients.

Contact:
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7234
Email: [email protected] 

SOURCE: Lowey Dannenberg P.C.



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Lowey Dannenberg Notifies Novo Nordisk A/S (“Novo” or the “Company”) (NYSE: NVO) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $200,000 in Losses to Contact the Firm

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Novo Nordisk A/S (“Novo” or the “Company”) (NYSE: NVO) for violations of the federal securities laws on behalf of investors who purchased or acquired Novo common stock between November 2, 2022 to December 19, 2024, inclusive (the “Class Period”).

On January 24, 2025, a complaint was filed against the Company and certain of its officers, alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Novo’s projected successful outcome of Novo’s phase 3 CagriSema study on obesity, named “REDEFINE-1,” while avoiding discussions centered around dosage tolerability; (ii) Novo’s repeated optimistic claims that CagriSema would achieve at least 25% weight loss in the REDEFINE-1 study fell short of reality; and (iii) the utilization of the “flexible protocol” limited the study’s ability to effectively provide weight loss data on the dosage tested, suggesting either that tolerability was significantly worse than anticipated, resulting in patients titrating down their dosages to avoid complications, or that the patient selection process was rushed, leading to the onboarding of patients that did not desire to even achieve the 25% weight loss Novo sought to demonstrate.

When investors learned the truth, Novo’s common stock declined precipitously, injuring investors.

If you suffered a loss of more than $200,000 in Novo’s securities, and wish to participate, or learn more, click here, or please contact our attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).

Any investor who wishes to serve as Lead Plaintiff must act before March 25, 2025.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has recovered billions of dollars on behalf of its clients.

Contact:
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7234
Email: [email protected] 

SOURCE: Lowey Dannenberg P.C.