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Pomerantz LLP investigates Scholastic for possible securities fraud after Q1 losses and revenue drop.

Market News
11 Nov 2026, 00:27 WIB
GlobeNewsWire
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Bearish
Pomerantz LLP investigates Scholastic for possible securities fraud after Q1 losses and revenue drop.

Pomerantz LLP is investigating claims on behalf of investors of Scholastic Corporation following the company's Q1 fiscal 2027 report, which showed an adjusted loss of $3.63 per share, missing estimates, and a 4% revenue decline. The Education segment revenue fell 24% due to tighter school budgets, causing Scholastic's stock to drop 7.41%. The investigation focuses on whether Scholastic and its executives engaged in securities fraud or unlawful practices. Investors affected are encouraged to contact Pomerantz LLP for potential class action participation.

Scholastic Corporation news is the subject, with this data as market context. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Nov 11, 2026 04:27 WIB: Of 134 priced US stocks, 47 rose and 86 fell. Lennar Corporation (LEN) dropped 5.28% to USD 86.74 with 100% buy orders. Somnigroup International Inc. (SGI) declined 5.13% to USD 62.87. Figs Inc (FIGS) rose 4.68% to USD 22.59, with 68% sell orders and 32% buy orders.

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