Overview of the Investigation
Johnson Fistel, PLLP, a renowned shareholder rights law firm, is currently investigating potential violations of securities laws by the officers and directors of several companies. This scrutiny particularly concerns long-term shareholders and how they can hold these individuals accountable.
Focus on Companies Under Investigation
The investigation focuses on four companies: Telephone and Data Systems, Inc. (TDS), Fluence Energy, Inc. (FLNC), The Bancorp, Inc. (TBBK), and Zynex, Inc. (ZYXI). The firm aims to ascertain whether any misconduct has impacted shareholders and what measures can be taken to safeguard their interests.
Telephone and Data Systems, Inc.
Johnson Fistel, PLLP is scrutinizing Telephone and Data Systems, Inc. regarding possible claims against its officers and directors. Shareholders who have held their shares continuously since May 6, 2022, might have the standing to demand accountability from the company’s leadership for alleged misconduct.
Fluence Energy, Inc.
In another notable case, a class-action lawsuit has been filed against Fluence Energy, Inc. by investors who acquired shares between October 28, 2021, and February 10, 2025. Allegations include misrepresentation of product defects, associated installation issues, and inflated financial results. The lawsuit emerged following disclosures indicating a significant revenue decline of 49% and a subsequent downward revision in financial guidance.
The Bancorp, Inc.
A separate class-action lawsuit against The Bancorp, Inc. focuses on undisclosed material weaknesses concerning internal controls and accounting-related issues in their fintech loan portfolio. Investors who bought shares between January 25, 2024, and March 4, 2025, may have incurred losses when the company revealed that its financial results for 2022-2024 were unreliable.
Zynex, Inc.
Similarly, Zynex, Inc. faces allegations that it artificially inflated its revenue through the excessive shipping of medical products and made improper reimbursement claims. The class-action lawsuit pertains to investors who bought shares between March 13, 2023, and March 11, 2025, alleging misleading claims about the company’s operational integrity and financial performance.
How Shareholders Can Get Involved
Shareholders who believe their rights have been compromised are encouraged to take action. By establishing a direct line with Johnson Fistel, PLLP, they can contribute to holding corporate leadership accountable and work towards better corporate governance. Detailed guidelines on participating in these investigations are provided by the law firm.
About Johnson Fistel, PLLP
Johnson Fistel, PLLP is a distinguished law firm known for its commitment to protecting shareholder rights. With offices located across several states, including California, New York, Georgia, and Colorado, the firm specializes in shareholder derivative suits and securities class action litigation. The firm serves both individual and institutional investors and has received recognition for its successful recovery of substantial damages for its clients.
Contact Information
For those seeking more information or wish to discuss a potential claim, Johnson Fistel can be contacted at:
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq.
(619) 814-4471 | jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
Frequently Asked Questions
What is the purpose of the investigation by Johnson Fistel?
The firm aims to investigate potential breaches of federal and state securities laws by the officers and directors of several companies.
How can long-term shareholders participate?
Shareholders who continuously owned shares could join actions against the companies involved, especially if they held shares before significant negative disclosures.
What companies are currently under investigation?
The investigation focuses on Telephone and Data Systems, Fluence Energy, The Bancorp, and Zynex.
What allegations has Fluence Energy faced?
Fluence Energy is accused of misleading investors about product defects and reporting inflated financial results amid a severe revenue decline.
How can I contact Johnson Fistel?
You can reach Johnson Fistel at their San Diego office or via email to set up a consultation.
