Bragar Eagel & Squire, P.C. Is Investigating Stronghold, CIRCOR, Barclays, and NeoGenomics and Encourages Investors to Contact the Firm
News provided byBragar Eagel & Squire
Apr 10, 2022, 9:00 PM ET
NEW YORK, April 10, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Stronghold Digital Mining, Inc. (NASDAQ: SDIG), CIRCOR International, Inc. (NYSE: CIR), Barclays PLC (NYSE: BCS), and NeoGenomics, Inc. (NASDAQ: NEO). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Stronghold Digital Mining, Inc. (NASDAQ: SDIG)
In October 2021, Stronghold conducted its initial public offering (“IPO”), selling 6.88 million shares of Class A common stock for $19.00 per share.
On March 29, 2022, after the market closed, Stronghold announced its fourth quarter and full year 2021 financial results. The Company reported a net loss of $0.52 for the quarter, below analyst estimates of $0.04 earnings per share, and Stronghold’s Chief Executive Officer cited “significant headwinds in our operations which have materially impacted recent financial performance.”
On this news, the price of Stronghold shares declined by $3.28 per share, or approximately 32%, from $10.25 per share to close at $6.97 per share on March 30, 2022.
For more information on the Stronghold investigation go to: https://bespc.com/cases/SDIG
CIRCOR International, Inc. (NYSE: CIR)
On March 14, 2022, CIRCOR disclosed that it may restate financial results dating to 2018 due to accounting irregularities related to its pipeline engineering unit. The Company stated that the irregularities appear to be “in the range of $35 to $45 million of pre-tax income on a cumulative basis over a period of at least five years.”
On this news, the Company’s stock fell as much as 2.4% during after-hours trading on March 14, 2022.
For more information on the CIRCOR investigation go to: https://bespc.com/cases/CIR
Barclays PLC (NYSE: BCS)
On March 28, 2022, Barclays disclosed that it had sold $15.2 billion more structured notes and exchange-traded notes than it had registered. Barclays would repurchase the affected securities at their original price, resulting in approximately $592 million in losses.
On this news, Barclays’ share fell $0.96, or 10.6%, to close at $8.09 per share on March 28, 2022, thereby injuring investors.
For more information on the Barclays investigation go to: https://bespc.com/cases/BCS
NeoGenomics, Inc. (NASDAQ: NEO)
NeoGenomics specializes in cancer genetics testing and information services and aims to provide comprehensive oncology-focused testing menus in the world for physicians to help them diagnose and treat cancer.
On Monday, March 28, 2022, NeoGenomics’ Chief Executive Mark Mallon stepped down as the health-testing company revealed that first-quarter financials will miss guidance and rescinded its forecast for the full year.
On this news, the price of NeoGenomics shares declined by $5.30 per share, or approximately 29.8%, from $17.79 per share to close at $12.49 per share on March 29, 2022.
For more information on the NeoGenomics investigation go to: https://bespc.com/cases/NEO
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.