SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) — Johnson Fistel, LLP investigates potential violations of federal and state laws by certain officers of several publicly traded companies, including DexCom, Inc. (DXCM), Spire Global, Inc. (NYSE: SPIR), Orthofix Medical Inc. (NASDAQ: OFIX), and Target Corporation (NYSE: TGT).
DexCom, Inc. (DXCM)
If you are a current, long-term shareholder of DexCom holding shares before January 8, 2024, you may have standing to hold the company harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action: https://www.cognitoforms.com/JohnsonFistel/DexComInc
Recently a class action lawsuit was filed against the company. According to the lawsuit, DexCom and two of its senior officers (Individual Defendants) repeatedly made false and misleading public statements throughout the Class Period. Particularly, they are accused of omitting truthful information about the Company’s sales force from SEC filings and related material.
Spire Global, Inc. (NYSE: SPIR)
If you are a current, long-term shareholder Spire Global, continuously holding your shares since May 11, 2022, you may have standing to hold the company harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action: https://www.cognitoforms.com/JohnsonFistel/SpireGlobalInc
Recently a class action lawsuit was filed against Spire Global. The lawsuit alleges that defendants throughout the Extended Class Period made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors that, since Spire’s quarter ended March 31, 2022, the Company: (1) filed financial statements that were not prepared in conformity with generally accepted accounting principles including, without limitation, principles applicable to proper revenue recognition; (2) filed Sarbanes-Oxley certifications falsely claiming that: (a) Spire’s financial statements did not contain untrue statements of material facts or omitted to state material facts necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the periods covered its financial reports; and (b) had disclosure controls and procedures and internal control over financial reporting that did not provide reasonable assurance regarding the reliability of its financial reporting and the preparation of financial statements for external purposes; (3) faced the likelihood of having to restate its financial statements to remove certain previously recorded pre-space mission activity revenue from the period in which pre-space mission activities were performed under certain contracts, and instead, record that revenue over the period in which data is delivered; 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.
Orthofix Medical Inc. (NASDAQ: OFIX)
If you are a current, long-term shareholder of Orthofix Medical Inc. holding shares before October 11, 2022, you can click or copy and paste the link below in a browser to join this action: https://www.cognitoforms.com/JohnsonFistel/OrthofixMedicalInc
Recently a class action lawsuit was filed against Orthofix Medical Inc. According to the filed complaint, defendants made false and/or misleading statements and/or failed to disclose that Orthofix’s management team was engaged in “repeated inappropriate and offensive conduct that violated multiple code of conduct requirements,” which was also “inconsistent with the Company’s values and culture.” This revelation was particularly egregious as it followed assurances that Orthofix’s management team consisted of individuals committed to conducting business in accordance with the highest ethical and legal standards, and further, that these individuals believed in and fostered a strong performance-based culture focused on integrity, collaboration, innovation, diversity, and corporate responsibility.
Target Corporation (NYSE: TGT)
Johnson Fistel, LLP is investigating potential claims on behalf of Target Corporation (NYSE: TGT).
If you are a current, long-term shareholder of Target, continuously holding your shares since August 18, 2021, you may have standing to hold the company harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:
https://www.johnsonfistel.com/investigations/target
Recently a class action lawsuit was filed against Target. The class action lawsuit alleges, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Target’s strategy for mitigating supply-chain constraints by over-ordering inventory had severely limited Target’s ability to timely respond to evolving consumer behavior; (ii) consequently, the purported “massive influx of insights” gained from the extraordinary heightened demand during the pandemic could not be leveraged by Target to react to rapidly changing trends; and (iii) as a result of Target’s inability to timely react to changes in consumer trends, Target’s sales declined and Target was left with an overabundance of inventory, forcing Target to take large markdowns, and severely impacting Target’s financial results.
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