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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.

about 2 months ago

Version History

3 additional sources confirmed this story

Version 2about 2 months ago

What changed: Added information regarding a new investigation by The Law Offices of Frank R. Cruz into PicS N.V. (PicPay Holdings) for potential federal securities law violations.

Version 1about 2 months ago

What changed: The story was updated to include new lawsuits against Apollo Global Management and Lakeland Industries, and to establish specific lead plaintiff deadlines for FBRT.

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.