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Class action lawsuit filed against Cogent Communications over misleading backlog and financial claims

Market News
24 Jul 2026
PRNewsWire
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Bearish
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Rosen Law Firm has filed a class action lawsuit on behalf of Cogent Communications stock purchasers from Feb 29, 2024 to May 1, 2026. The suit alleges Cogent misled investors by overstating its optical wavelength backlog, customer demand, and financial health, including risks to its dividend policy and stock price due to insider stock pledging. Investors who bought Cogent stock during this period may seek compensation. Interested parties must act by September 21, 2026, to serve as lead plaintiff. No class has been certified yet, and investors can choose their own counsel or remain absent class members.

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ARCpoint's interim CEO Peter Kendall steps down after completing strategic review, Board to decide next steps.

ARCpoint's interim CEO Peter Kendall steps down after completing strategic review, Board to decide next steps.

Peter Kendall has stepped down as Interim CEO of ARCpoint Inc. after completing his 90-day mandate to assess the company's business model, technology platform, and strategic direction. He provided recommendations to the Board, which is now evaluating...

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Oportun named to CNBC's Top Fintech Companies 2026 list for third year in a row.

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Oportun Financial Corporation has been recognized on CNBC's World's Top Fintech Companies 2026 list for the third consecutive year, highlighting its impact in the Wealth Technology category. The company is praised for its technology-driven tools that...

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Class action lawsuit filed against PROCEPT BioRobotics over alleged misleading sales and inventory practices.

Class action lawsuit filed against PROCEPT BioRobotics over alleged misleading sales and inventory practices.

Robbins Geller Rudman & Dowd LLP has filed a class action lawsuit against PROCEPT BioRobotics Corporation and its executives, accusing them of misleading investors by inflating sales figures through an undisclosed discount program that caused excess ...

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3 hours ago
Niutech launches advanced tech to recycle low-grade titanium-iron waste with high efficiency and low emissions.

Niutech launches advanced tech to recycle low-grade titanium-iron waste with high efficiency and low emissions.

Niutech has introduced a new generation technology and equipment for reducing and enriching low-grade titanium-iron waste, achieving international excellence. The technology uses low-temperature pyrolysis and in situ reduction, enabling energy-effici...

Market News
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4 hours ago
Niutech launches advanced low-temp pyrolysis tech for eco-friendly titanium-iron residue recycling.

Niutech launches advanced low-temp pyrolysis tech for eco-friendly titanium-iron residue recycling.

Niutech has developed a new generation technology and equipment for reducing and enriching low-grade titanium-iron residues using continuous low-temperature pyrolysis. This innovative process operates below 700°C, significantly lower than traditional...

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