EL7.AI
StocksUpdated×2•Originally published 13 April 2026•Updated 13 April 2026•
1 min read

Securities Fraud Lawsuits Expand to Include Apollo Global, Lakeland Industries, and FBRT

Key Facts

1Law firm Levi & Korsinsky issued investor alerts regarding class action lawsuits against three different companies.
2Franklin BSP Realty Trust (FBRT) faces allegations of concealing information regarding dividend sustainability.
3Gartner, Inc. (IT) is accused of concealing deterioration in contract value (CV) growth.
4The lawsuit against ImmunityBio (IBRX) involves allegations of misleading investors regarding drug efficacy.

The scope of securities class action lawsuits has expanded to include Apollo Global Management (APO) and Lakeland Industries (LAKE), with lead plaintiff deadlines set for April and May 2026. In a new development, The Law Offices of Frank R. Cruz initiated an investigation into potential federal securities law violations by PicS N.V., also known as PicPay Holdings, which trades on the NASDAQ under the ticker PICS. These legal actions, alongside ongoing litigation against Franklin BSP Realty Trust (FBRT), allege that the companies made misleading statements or failed to disclose material facts. Furthermore, legal proceedings remain active against Gartner and ImmunityBio over allegations of concealing growth metrics and misleading claims. Affected shareholders are encouraged to act before the established court deadlines to participate in potential recoveries. This expansion highlights a broader trend of increased legal scrutiny regarding financial transparency and corporate disclosure compliance.