Oct 27, 2021 | Shareholder Investigations
MP MATERIALS SHAREHOLDER ALERT: Investors Of MP Materials With Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C. – Securities Class Action Investigation
Kehoe Law Firm, P.C. is investigating potential securities class action claims on behalf of investors of MP Materials Corp. (“MP Materials” or the “Company”) (NYSE: MP) to determine whether MP Materials engaged in securities fraud or other unlawful business practices.
Grizzly Research (“Grizzly”) recently published a research report which, among other things, stated that “[t]he [C]ompany was able to sell itself to investors touting the fact that MP [Materials] is the biggest rare earth producer in the western world, and the only feasible competitor to Chinese producers.”
“In reality, [Grizzly] believe[s] that this is nothing more than a smoke and mirrors show. [Grizzly] found that Shenghe, a related party that accounts for 99% of MP’s revenue, and a signicant shareholder, can be traced back to the Chinese central government.”
Grizzly also reported that “MP is the second iteration of the same mining venture (Molycorp) that previously ended in bankruptcy. However, Chamath and his friends were able to bring MP public again at a 300x valuation increase in only three years without significant business improvements.”
Grizzly reported that “MP’s mine generates nowhere near the economic essence needed to support the current valuation due to the fact that MP mostly mines less valuable rare earth, namely Cerium and Lanthanum. It does not participate in the favorable trend in rare earth prices the same way competitors do[,]” and “[t]he projections that MP puts forth seem completely unattainable, and the company needs to incur capital expenditures that might lead it back into bankruptcy.”
On this news, the stock of MP Materials dropped significantly, thereby injuring investors of MP Materials.
MP MATERIALS INVESTORS WHO HAVE SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Oct 11, 2021 | Shareholder Investigations
EHTH INVESTOR ALERT – Investors Who Have Held eHealth, Inc. Stock Continuously Since At Least March 2018 Are Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of eHealth, Inc. (“eHealth” or the “Company”) (NASDAQ: EHTH) breached their fiduciary duties to eHealth and the Company’s shareholders.
The investigation concerns whether eHealth made materially false and/or misleading statements, as well as failed to disclose material adverse facts to investors regarding, among other things, eHealth’s previously alleged highly-aggressive accounting and modeling assumptions; eHealth’s skyrocketing rate of member churn, resulting from eHealth’s pursuit of low-quality, loss-making growth; and its reliance on direct response television advertising, which attracts an unprofitable, high churn enrollee.
IF YOU HAVE HELD EHEALTH STOCK CONTINUOUSLY SINCE AT LEAST MARCH 2018 AND WISH TO DISCUSS KEHOE LAW FIRM’S INVESTIGATION OR POTENTIAL LEGAL CLAIMS, PLEASE CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected].
Jan 28, 2020 | Blog, Shareholder Investigations
Grand Canyon Education Stock – Investors of Grand Canyon Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Grand Canyon Education, Inc. (“Grand Canyon” or the “Company”) (NASDAQ: LOPE) failed to manage Grand Canyon in an acceptable manner in breach of their fiduciary duties to Grand Canyon, and whether the Company and its shareholders suffered damages as a result.
INVESTORS OF GRAND CANYON STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
On October 31, 2023, the U.S. Department of Education announced a fine of $37.7 million against Grand Canyon’s principal subsidiary, Grand Canyon University (“GCU”).
According to the U.S. Department of Education, an investigation “. . . found GCU lied to more than 7,500 former and current students about the cost of its doctoral programs over several years. GCU falsely advertised a lower cost than what 98% of students ended up paying to complete certain doctoral programs.”
On December 27, 2023, the Federal Trade Commission filed suit against Grand Canyon and GCU for similar conduct, as well as other deceptive conduct, including GCU’s supposed nonprofit status, and deceptive telemarketing practices.
GRAND CANYON SHAREHOLDERS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
