Bragar Eagel & Squire, P.C. has initiated an investigation into Alight, Inc. on behalf of company shareholders following the release of the firm's February 19, 2026 earnings report. The investigation was prompted by significant underperformance across key financial metrics and a substantial market reaction to the disclosure.
Alight reported an $800 million goodwill impairment charge in the earnings release, alongside adjusted earnings per share of $0.18, falling materially short of analyst expectations ranging from $0.23 to $0.25. The company's adjusted EBITDA came in at $178 million, also disappointing consensus forecasts of $220 million or higher. The combination of these results triggered a sharp market response, with Alight's stock price declining approximately 35% following the announcement.
The law firm is investigating whether the company's disclosures and financial reporting may constitute violations of securities laws. Bragar Eagel & Squire is encouraging shareholders who have been adversely affected by the stock decline to contact the firm to discuss their legal rights and options.