Pomerantz LLP is investigating FirstSun Capital Bancorp and some of its officers for potential securities fraud following the company's disclosure of significant credit losses and a large charge-off linked to suspected fraud. FirstSun revealed expected charge-offs of $42-$43 million, including a $22 million fraud-related charge-off, causing its stock to drop 7.5%. The investigation aims to determine if unlawful business practices occurred, which could impact investors and the company's future financial standing.
Johnson & Johnson has reached a historic $5.5 billion settlement to resolve claims from about 70,000 women and families alleging its talc products, including Johnson's Baby Powder, contained asbestos and caused cancers such as ovarian cancer and meso...
Catalyst Acquisition Corp. announced the pricing of its initial public offering (IPO) at $10 per unit, raising $200 million by offering 20 million units. The units, each including one Class A ordinary share and a partial share right, will begin tradi...
XRP's price declined to around $1.06 as investors remain cautious ahead of a US vote on the Clarity Act, which could clarify crypto regulations. Despite growing on-chain activity and Ripple's launch of institutional tools like Ripple Mint, XRP faces ...
Binance distributed a $0.50 dividend per share of Orchid Island Capital (ORC) in USDC stablecoins to eligible holders, reinforcing the link between traditional stock dividends and blockchain technology. This approach allows investors to receive divid...
Carnival has shifted from recovery to growth, achieving record revenue, net yields, EBITDA, and customer deposits. The company’s forward earnings per share (EPS) growth is supported by strong pricing, advanced bookings, monetizing own destinations, c...
