Class actions filed against Lifecore, Spire Global, DexCom, Arbor Realty in 2024

On September 18, 2024, Bragar Eagel & Squire, P.C., a law firm specializing in shareholder rights, announced that class action lawsuits have been initiated on behalf of stockholders of Lifecore Biomedical, Spire Global, DexCom, and Arbor Realty Trust. These lawsuits arise from various allegations of financial mismanagement and misleading statements made by the companies, which have led to significant declines in their stock prices. Lifecore Biomedical's class period spans from October 7, 2020, to March 19, 2024, during which the company faced scrutiny over its internal controls and financial reporting, resulting in a substantial drop in share value. Similarly, Spire Global's class period from March 6, 2024, to August 14, 2024, highlights issues related to revenue recognition and internal controls, culminating in a 33.56% stock price decline following a critical announcement on August 14, 2024. DexCom's class action, covering January 8, 2024, to July 25, 2024, was triggered by the company's disappointing second-quarter results and lowered revenue guidance, leading to a dramatic 40.66% drop in stock price in just one day. Lastly, Arbor Realty Trust's class period from May 7, 2021, to July 11, 2024, involves allegations of misleading investors regarding the health of its loan book, exacerbated by reports of federal investigations into its lending practices. The law firm encourages affected investors to contact them before the respective lead plaintiff deadlines to seek potential compensation for their losses.