Schall, Brown & Schwartz LLP said shareholders who bought Black Rock Coffee Bar, Inc. shares during the September 12, 2025 to May 12, 2026 class period have until August 17, 2026 to seek appointment as lead plaintiff in a securities class action. The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, an anti-fraud rule enforced by the U.S. Securities and Exchange Commission (U.S. markets regulator). The case centers on claims that newly opened Black Rock Coffee stores cannibalized sales from existing locations, that the company misled the market about its ability to prevent that sales transfer, and that its financial results were affected as a result. The firm said investors suffered damages when the market learned the alleged truth. The proposed class has not yet been certified, and investors do not need lead plaintiff status to share in any potential recovery.