Law Offices of Howard G. Smith reminds investors of class actions against Futu, First Solar, Black Rock Coffee Bar and ADMA Biologics

Class action lawsuits have been filed on behalf of shareholders of Futu Holdings, First Solar, Black Rock Coffee Bar and ADMA Biologics, with investors urged to seek lead-plaintiff appointment by deadlines ranging from Aug. 10, 2026 to Aug. 25, 2026. The complaints broadly allege the companies made materially false or misleading statements or omitted adverse facts about business conditions, operations and prospects. The Futu complaint covers May 24, 2023 through May 27, 2026 and alleges the company was not in compliance with China Securities Regulatory Commission requirements because it continued to conduct securities business, public fund sales business and futures business in mainland China without the required licenses or approval. The suit says Futu was therefore reasonably likely to face regulatory penalties, including disgorgement of ill-gotten gains, and that its financial results were overstated. The First Solar complaint covers Feb. 26, 2025 through Feb. 24, 2026 and says the company overstated its ability to absorb U.S. tariff policy, while underplaying the impact of responses such as underutilizing production facilities in Malaysia and Vietnam and shifting production to the U.S. Black Rock Coffee Bar’s case covers Sept. 12, 2025 through May 12, 2026 and alleges new store openings cannibalized existing services and revenue, contrary to statements that its expansion strategy was designed to avoid sales transfer. The ADMA Biologics complaint covers Aug. 9, 2024 through March 25, 2026 and alleges an undisclosed related party transaction, channel stuffing and inadequate internal controls created a misleading picture of revenue and operations.