MarketPulse

financial misstatements

6 articles
BenzingaBenzinga··Djs Law Group

Lufax Sued Over Securities Violations; Class Action Spans 21-Month Period

DJS Law Group files class action against Lufax ($LU) for alleged securities violations spanning April 2023–January 2025, claiming false financial statements and inadequate controls.
LUclass action lawsuitfalse statements
GlobeNewswire Inc.GlobeNewswire Inc.··Kessler Topaz Meltzer & Check, Llp

Pinterest Faces Securities Fraud Lawsuit Over Revenue Misstatements and Tariff Disclosure

Securities class action filed against $PINS over alleged false statements on ad revenues and tariff impacts. Stock plunged 16.8% in February 2026.
PINSsecurities fraudclass action lawsuit
BenzingaBenzinga··Djs Law Group

Lufax Faces Securities Lawsuit Over False Statements and Internal Control Gaps

Lufax Holding Ltd ($LU) faces class action lawsuit alleging false financial statements and inadequate internal controls from April 2023 to January 2025. Shareholder claim deadline set for May 20, 2026.
LUclass action lawsuitfalse statements
BenzingaBenzinga··Djs Law Group

Lufax Hit With Class Action Over False Statements and Control Lapses

$LU faces securities lawsuit alleging false financial statements and weak internal controls from April 2023 through January 2025. Class action deadline set for May 2026.
LUclass action lawsuitinternal controls
GlobeNewswire Inc.GlobeNewswire Inc.··Kessler Topaz Meltzer & Check, Llp

Kyndryl Faces Securities Fraud Suit Over Control Failures; Stock Crashed 54%

Kyndryl ($KD) faces class action lawsuit alleging material misstatements on controls. Stock plunged 54% after CFO, General Counsel departures and SEC disclosure.
KDsecurities fraudclass action lawsuit
GlobeNewswire Inc.GlobeNewswire Inc.··Wolf Haldenstein Adler Freeman & Herz Llp

Kyndryl Faces Class Action Lawsuit Over Accounting Controls and Financial Disclosures

Kyndryl faces class action lawsuit for allegedly issuing false financial statements and maintaining inadequate accounting controls, following a 50% stock drop in February 2026.
KDclass action lawsuitstock price decline