NEW YORK, Oct. 21, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASIFlagstar Bancorp, Inc. FBCEstablishment Labs Holdings Inc. ESTAand FIGS, Inc. FIG. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI
On October 5, 2022, Muddy Waters director Carson Block claimed in the Financial Times that Hannon’s accounting “is so complex and misleading that its financial statements are virtually meaningless” and that the company “is a prime example of how public market can drive a company to relentlessly destroy value to feed a Wall Street growth narrative.”
As a result of this news, Hannon’s stock price fell $2.35 per share, or 7.43%, to close at $29.28 per share on October 5, 2022.
For more information on the Hannon exam, visit: https://bespc.com/cases/HASI
Flagstar Bancorp, Inc. FBC
On or about October 6, 2022, media reported that the Justice Department may be considering a lawsuit against Flagstar over allegations of racial discrimination.
As a result of this news, Flagstar’s stock price fell $1.78 per share, or 5.02%, to close at $33.70 per share on October 6, 2022.
For more information on the Flagstar investigation, visit: https://bespc.com/cases/FBC
Formation of Labs Holdings Inc. ESTA
On October 19, 2022, market analyst Hindenburg Research published a report titled “Establishment Labs: A Financially Stretched Silicone Safety Charade,” which claimed, among other things, that “[d]Despite claims of superior safety, we have found that almost all major safety studies touted by the company have conflicts of interest, many of which are under-disclosed or under-disclosed.
