US Market News
2週前
LKQ DEADLINE: SueWallSt Reminds LKQ Corporation Investors of Upcoming Securities Class Action DeadlineJune 11, 2026 9:35 AM
PR Newswire (US) Notice to Pension Funds, Asset Managers, and FiduciariesNEW YORK, June 11, 2026 /PRNewswire/ -- Institutional investors holding positions in LKQ Corporation (NASDAQ: LKQ) during the period February 27, 2023 through July 23, 2025 may wish to evaluate lead plaintiff opportunities in a pending securities class action. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt. LKQ shares suffered successive declines of 14.9%, 12.4%, 11.6%, and 17.8% as concealed problems with its $2.1 billion Uni-Select acquisition were revealed over multiple quarters. The window to apply for lead plaintiff closes on June 22, 2026.Fiduciary Obligations and Recovery OptionsPension funds, endowments, and asset managers with fiduciary duties to beneficiaries should evaluate whether participation in the LKQ securities action is warranted. Fiduciaries who held LKQ shares during the class period may have an obligation to investigate recovery options on behalf of their beneficiaries. Key considerations include:Institutional holders purchased LKQ shares at prices allegedly inflated by concealed customer losses at FinishMaster, which accounted for roughly 40% of Uni-Select's annual revenueThe company touted "minimal integration risk" and projected $55 million in cost synergies, later revised to $65 million, while FinishMaster was actively losing major clientsPortfolio losses compounded across multiple corrective disclosures spanning April 2024 through July 2025Lead plaintiffs gain direct oversight of litigation strategy, settlement negotiations, and counsel selectionServing as lead plaintiff carries no additional financial obligation beyond the time commitment involvedPortfolio Impact AssessmentThe lawsuit contends that LKQ's Wholesale North America segment missed revenue targets by approximately $200 million and EBITDA margin targets by $24 million as customer attrition overwhelmed the supposed synergy benefits. The complaint further alleges that by July 2025, competitors had taken significant market share by undercutting LKQ on price, causing an additional $20 million EBITDA shortfall and a year-over-year margin decline of 11%.Institutional investors with concentrated positions in the automotive aftermarket sector may have experienced amplified harm from these alleged misrepresentations.Contact us for institutional recovery options or call Joseph E. Levi, Esq. at (888) SueWallSt.Case Summary"Institutional investors play a critical role in securities class actions. Their participation helps ensure that cases are prosecuted effectively and that recoveries reflect the full scope of harm suffered by the class." -- Joseph E. Levi, Esq.The action, filed in the United States District Court for the Middle District of Tennessee, alleges that LKQ and certain senior executives violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by making materially false and misleading statements about the acquisition and integration of Uni-Select and its subsidiary FinishMaster. The complaint asserts that management concealed that FinishMaster had been losing major customers since before the acquisition closed, while publicly characterizing the deal as a "highly synergistic opportunity" with accelerating benefits.INSTITUTIONAL INVESTOR REPRESENTATION -- SueWallSt provides sophisticated counsel to institutional investors evaluating lead plaintiff opportunities. The firm has recovered hundreds of millions of dollars. Ranked among ISS Top 50 for seven consecutive years.Frequently Asked Questions About the LKQ LawsuitQ: Who is eligible to join the LKQ investor lawsuit? A: Investors who purchased LKQ stock or securities between February 27, 2023 and July 23, 2025 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.Q: What is the LKQ lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is June 22, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.Q: What documents do I need to make a claim? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of investor's country of residence.CONTACT:SueWallSt
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi @Icons1 View original content to download multimedia:https://www.prnewswire.com/news-releases/lkq-deadline-suewallst-reminds-lkq-corporation-investors-of-upcoming-securities-class-action-deadline-302797830.htmlSOURCE SueWallSt.com Original: LKQ DEADLINE: SueWallSt Reminds LKQ Corporation Investors of Upcoming Securities Class Action Deadline
US Market News
1月前
LKQ Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - LKQMay 27, 2026 4:40 AM
PR Newswire (US) LOS ANGELES, May 27, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against LKQ Corporation ("LKQ" or "the Company") (NASDAQ: LKQ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of LKQ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: February 27, 2023 to July 23, 2025DEADLINE: June 22, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Fitness Champs and its insiders benefited from a stock manipulation scheme designed to inflate its share price. LKQ's acquisition of Uni-Select and its U.S. operating subsidiary, FinishMaster, failed to improve its market share and the integration of the acquisition negatively impacted the Company's financial performance. Based on these facts, LKQ's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/lkq-corporation-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--lkq-302782566.htmlSOURCE DJS Law Group LLP Original: LKQ Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - LKQ
Penny Roger$
14年前
LKQ Corporation (LKQ) is a provider of aftermarket and recycled collision replacement parts and refurbished collision replacement products, such as wheels, bumper covers and lights, and a provider of mechanical replacement parts, including remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ also has operations in the United Kingdom, Canada, Mexico and Central America. As of December 5, 2011, LKQ operated more than 430 facilities, offering its customers a range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks. It operates in three segments: wholesale aftermarket and recycled products, self service retail products and recycled heavy-duty truck products. On November 1, 2010, the Company completed the acquisition of Cross Canada. On May 27, 2011, it acquired AkzoNobel Coatings Inc.'s paint distribution business consisting of 40 locations across the United States.
http://www.google.com/finance?q=LKQX