Bleichmar Fonti & Auld LLP

New York – – September 10, 2026 -- Rackspace Technology, Inc. (NASDAQ:RXT) faces a securities fraud class action after its stock plunged 33.6% on July 9, 2026, when the company slashed its full-year revenue guidance by $150 million and cut its Private Cloud revenue outlook by $25 million.

Law firm Bleichmar Fonti & Auld LLP filed the suit, captioned Morgan-Reed v. Rackspace Technology, Inc., No. 26-cv-6491, in the U.S. District Court for the Southern District of New York. Investors have until September 28, 2026 to seek lead plaintiff status.

Stock collapsed 33.6% after AI capacity shift disclosure

Rackspace shares fell $2.21, from a July 8, 2026 close of $6.58 to $4.37 on July 9, 2026, after the company disclosed that its AI investments required a significant re-prioritization of resources and a transition away from certain revenue-generating segments.

New York – September 10, 2026 -- Bleichmar Fonti & Auld LLP has opened a securities fraud investigation into Dick's Sporting Goods, Inc. (NYSE:DKS) following a stock collapse tied to its $2.4 billion acquisition of Foot Locker.

Shares fell approximately 30% on August 25, 2026

The drop followed an August 24, 2026 announcement in which Dick's disclosed lower annual profit guidance, weaker footwear demand, excess sneaker inventory, and the need for heavy discounting to match competitor promotions.

BFA Law examines disclosures on inventory and profit risk from the Foot Locker deal

The firm is investigating whether Dick's misled investors about risks tied to the acquisition, which expanded the retailer's exposure to the sneaker market. Specific areas under review include statements on excess inventory buildup, softening footwear demand, and competitive discounting pressure that preceded the profit warning.

Everett, Washington – September 10, 2026 -- Bleichmar Fonti & Auld LLP has opened a securities fraud investigation into Coastal Financial Corp. (NASDAQ:CCB) after the bank's stock plunged 43.5% following disclosure of a massive credit loss tied to its banking-as-a-service partnerships.

Coastal Financial's stock collapsed 43.5% in a single trading session on July 30, 2026

Shares fell $30.75, from a close of $70.66 on July 29, 2026, to $39.91 the following day, after the company released Q2 2026 results.

New York – September 10, 2026 -- Capricor Therapeutics, Inc. (NASDAQ:CAPR) faces a securities fraud class action after its shares plunged 64.5% following disclosures about alleged undisclosed changes to clinical trial statistics underlying its Duchenne muscular dystrophy therapy application.

New York – September 10, 2026 -- UWM Holdings Corporation (NYSE:UWMC) faces a securities fraud class action after its stock plunged 34.78% on August 6, 2026, following disclosures about an over-hedged mortgage servicing rights position tied to a collapsed $1.3 billion merger with Two Harbors Investment Corp.

Stock Falls to $1.20 After Hedge Loss Disclosure

Shares dropped $0.64, from a closing price of $1.84 on August 5, 2026, to $1.20 the following day. The decline followed UWM's disclosure that it had deviated from its traditional practice of not hedging mortgage servicing rights, taking on a hedge position to protect against risk from the anticipated acquisition of Two Harbors and its RoundPoint Mortgage Servicing unit.

New York – September 10, 2026 -- A class action lawsuit has been filed against York Space Systems Inc. (NYSE:YSS) and several senior executives following a 10.9% single-day stock decline tied to allegations the company misrepresented the capabilities of its proprietary satellite software.

Stock fell $3.91 per share after Wolfpack Research report

Shares dropped from a closing price of $35.88 on May 11, 2026, to $31.97 on May 12, 2026, after short-seller Wolfpack Research published a report citing former employees who claimed York Space Systems launched satellites without confirming the software could perform its core mission. The report stated the company had not finished software development before launch and instead attempted to debug systems while satellites were already in orbit.