MarketPulse

material weakness

5 articles
GlobeNewswire Inc.GlobeNewswire Inc.··Kessler Topaz Meltzer & Check, Llp

DRVN Faces Securities Fraud Suit After 40% Crash; Investors Have Until May 8 to Claim Status

Driven Brands faces class action lawsuit over accounting restatement for fiscal 2023-2024. Stock plummeted 40% after disclosure of lease, cash, and revenue errors.
DRVNsecurities fraudclass action lawsuit
GlobeNewswire Inc.GlobeNewswire Inc.··Yzi Labs

YZi Labs Blasts CEA Industries Over $2M CEO Exit Deal and Control Weaknesses

YZi Labs condemns CEA Industries' $1.98M CEO exit package, material control weaknesses, and millions in related-party fees to director-controlled entities, demanding board accountability.
BNCinternal controlsCEO transition
GlobeNewswire Inc.GlobeNewswire Inc.··Kessler Topaz Meltzer & Check, Llp

Driven Brands Faces Securities Fraud Suit Over $500M+ Accounting Restatement

Driven Brands ($DRVN) stock plummeted 40% after disclosing accounting errors requiring financial restatement. Securities lawsuit filed for investors who bought between May 2023 and February 2026.
DRVNsecurities fraudclass action lawsuit
GlobeNewswire Inc.GlobeNewswire Inc.··Robbins Geller Rudman & Dowd Llp

Kyndryl Faces Class Action Over Disclosure of Internal Control Deficiencies

Kyndryl faces class action lawsuit alleging material misrepresentations about financial condition and internal controls. Stock fell 55% after disclosures of control weaknesses and executive departures.
KDsecurities fraudclass action lawsuit
GlobeNewswire Inc.GlobeNewswire Inc.··Kirby Mcinerney Llp

ICON Public Limited Company Under Internal Investigation Over Revenue Recognition Controls

ICON's Audit Committee investigates revenue recognition control deficiencies from 2023-2025. Stock plunged 40% after disclosure; company delayed financials and withdrew 2025 guidance.
ICLRsecurities fraudshareholder lawsuit