Finance

Brodsky & Smith Initiates Investigations into Several Public Companies

Published February 21, 2024

BALA CYNWYD, Pa. – Shareholder rights law firm Brodsky & Smith has issued an update to investors regarding active investigations into numerous publicly traded companies. These examinations focus on potential breaches of fiduciary duties by the respective management teams that may have resulted in harm to shareholder interests. The firms at the center of these investigations include a diverse array of industries and are listed across various stock exchanges.

VIZIO Holding Corporation VZIO and Other Companies Under Scrutiny

Among the businesses undergoing investigation is VIZIO Holding Corp. VZIO, a renowned player in the consumer electronics market, known primarily for its televisions. The research extends to HireRight Holdings Corporation HRT, an organization with a hand in optimized background check services and employment screenings through its subsidiary, Micron Products, Inc. Also included is Kinnate Biopharma Inc. KNTE, a biopharmaceutical company working on new treatments for patients with difficult-to-treat cancers.

California BanCorp CALB – A Detailed Examination

Another entity under review, California BanCorp CALB, serves as the parent company of California Bank of Commerce. It provides tailored banking solutions to different sectors, including businesses and nonprofits within California. Headquartered in Oakland, California, the institution remains a significant component of the local financial infrastructure.

Other Notable Investments

Aside from the entities mentioned above, Brodsky & Smith also reminds shareholders of the investigations involving other major stocks like Directa Plus Plc DSSMY, the producer of pristine graphene nanoplatelets, and Walmart Inc. WMT, the multinational retail juggernaut operating a number of hypermarkets, discount department stores, and grocery stores worldwide.

Shareholders impacted by the developments in these companies have the opportunity to discuss the investigations directly with Brodsky & Smith. Interested parties are encouraged to reach out and contact Jason Brodsky at [email protected] or Marc Ackerman at [email protected], or call 855-576-4847 for a more detailed discussion about their rights and potential courses of action.

Investigation, Shareholder, Update