Corporate Lawsuits Impacting Stock Values

Several companies, including Xponential Fitness and iRhythm Technologies, are embroiled in securities class action lawsuits for alleged non-disclosure of material information, leading to significant stock impacts. Cerence Inc. faces investigations for revenue guidance issues, while New York Community Bancorp is accused of failing to disclose vital data, resulting in stock price decline. Inotiv Inc. is under scrutiny due to a lawsuit related to nondisclosure during an acquisition involving serious violations of the Animal Welfare Act.