Class Action Lawsuits Filed Against Multiple Companies for Misleading Statements

NEW YORK, Aug. 18, 2024 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, P.C., a prominent shareholder rights law firm, has announced the initiation of class action lawsuits on behalf of investors in Indivior PLC, Lululemon Athletica Inc., XPEL, Inc., and Nano Nuclear Energy Inc. Shareholders are urged to act promptly, as they have specific deadlines to petition the court to serve as lead plaintiffs. The complaints allege that these companies made materially false and misleading statements regarding their business operations and financial prospects. The lawsuit against Indivior PLC claims that the company significantly overstated its ability to predict the adverse effects of certain legislation on its products, particularly SUBLOCADE, PERSERIS, and OPVEE. The complaint asserts that Indivior was unlikely to meet its FY 2024 revenue guidance due to these misrepresentations, which misled investors about the company's financial health and operational capabilities. Similarly, the complaint against Lululemon alleges that the company failed to disclose critical issues related to inventory allocation and product launches, leading to stagnating sales in the Americas. The firm claims that Lululemon's positive public statements were misleading and lacked a reasonable basis, resulting in a decline in stock value following revelations about these operational challenges. In the case of XPEL and Nano Nuclear Energy, the lawsuits allege that both companies made false statements regarding their regulatory progress and commercialization timelines, which were deemed overly optimistic. These misrepresentations are said to have materially impacted their projected revenues and growth, leading to investor losses when the truth emerged. For further details, investors can visit the respective class action links provided by the law firm.