PHILADELPHIA, Aug. 17, 2026 (GLOBE NEWSWIRE) —
Cogent Communications Holdings, Inc. (NASDAQ: CCOI):
Grabar Law Office is investigating claims on behalf of shareholders of Cogent Communications Holdings, Inc. (NASDAQ: CCOI).
What is This Investigation About? The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.
If you purchased Cogent Communications Holdings, Inc. (NASDAQ: CCOI) shares before February 29, 2024, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Please visit https://grabarlaw.com/the-latest/ccoi-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.
What is Alleged? As alleged in a recently filed securities fraud class action Complaint, Cogent Communications Holdings, Inc. (NASDAQ: CCOI), through certain of its officers, made materially false and misleading statements and/or failed to disclose materially adverse facts pertaining to Cogent’s business, operations, and financial condition, which were known to or recklessly disregarded by defendants including: (i) that the vast majority of the purported orders in Cogent’s optical wavelength “backlog” were unlikely to ever result in a paid order; (ii) that large quantities of the customers in Cogent’s purported optical wavelength “backlog” were unable or unwilling to accept delivery even if Cogent was in a position to provision the wavelength in a timely manner; (iii) that, as a result of (i)-(ii) above, defendants had materially misrepresented customer demand for Cogent’s optical wavelength services and the nature of Cogent’s purported “backlog” of wavelength orders; (iv) that, as a result of (i)-(iii) above, Cogent was not on track to achieve its revenue and margin targets and such targets lacked a reasonable basis in objective fact; (v) that Cogent did not have the financial capacity or business fundamentals to maintain its long-standing dividend policy; and (vi) that there was a material, undisclosed risk that defendant David Schaeffer would be forced to sell vast quantities of Cogent stock as a result of his high-risk pledging activities, thereby further depressing the price of Cogent stock in the event the truth regarding Cogent’s “backlog,” demand issues, and financial position were ever revealed.
What Can You Do Now? If you purchased Cogent Communications Holdings, Inc. (NASDAQ: CCOI) shares before February 29, 2024, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/ccoi-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. #CCOI #CogentCommunications $CCOI
Primoris Services Corporation (NYSE: PRIM):
Grabar Law Office is investigating claims on behalf of shareholders of Primoris Services Corporation (NYSE: PRIM).
What is The Investigation About? The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.
If you purchased Primoris Services Corporation (NYSE: PRIM) shares before August 5, 2025, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever through a shareholder governance action. Please visit https://grabarlaw.com/the-latest/primoris-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.
What is Being Alleged? As alleged in a recently filed securities fraud class action Complaint, Primoris Services Corporation (NYSE: PRIM), through certain of its officers, made materially false and misleading statements and/or failed to disclose that (i) Primoris’ cost estimation, cost-to-complete forecasting, and project oversight processes were deficient and failed to provide reliable estimates of the costs and expected profitability of significant fixed-price renewable energy projects; (ii) as a result, Primoris systematically underestimated the costs and risks of significant fixed-price renewable energy projects that were experiencing material cost overruns, execution problems, and schedule delays; and (iii) accordingly, defendants’ statements regarding Primoris’ estimating processes, project execution, ability to manage project risk, financial performance, and financial guidance lacked a reasonable basis and omitted material adverse facts when made.
What Can You Do Now? If you purchased Primoris Services Corporation (NYSE: PRIM) shares before August 5, 2025, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/primoris-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. #PRIM #Primoris $PRIM
Roblox Corporation (NYSE: RBLX):
WHAT IS HAPPENING? Grabar Law Office is investigating claims on behalf of shareholders of Roblox Corporation (NYSE: RBLX). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.
If you purchased Roblox Corporation (NYSE: RBLX), shares prior to October 31, 2024, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Please visit https://grabarlaw.com/the-latest/roblox-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.
WHY? A recently filed securities fraud class action complaint alleges that Roblox Corporation (NYSE: RBLX) via certain of its officers, made material misrepresentations to investors concerning Roblox’s anticipated earnings growth. Specifically, Roblox stated that 2026 bookings would grow by 22% to 26%, which reflected Roblox’s “confidence in the adoption of our age-checking technology.” Roblox also stated that its age verification features provided “a bigger growth opportunity in the 18-plus demographic than previously assumed” and stated that its “18 and over cohort is growing at over 50%[.]” In truth, as alleged, Roblox’s age verification rollout was causing a slowdown in on-platform communication, app store rating reductions, and a considerable reduction in organic growth.
WHAT CAN DO NOW? If you purchased Roblox Corporation (NYSE: RBLX) shares prior to October 31, 2024, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/roblox-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. #Roblox #RBLX $RBLX
Symbotic Inc. (NASDAQ: SYM):
What is Happening? Grabar Law Office is investigating claims on behalf of investors who purchased or otherwise acquired Symbotic Inc. (NASDAQ: SYM) securities on or before February 5, 2024. The investigation follows a recent federal court decision permitting significant securities fraud claims against Symbotic and its Chairman and Chief Executive Officer, Richard B. Cohen, to proceed.
On July 23, 2026, Chief Judge Denise J. Casper of the United States District Court for the District of Massachusetts denied in part defendants’ motion to dismiss a securities fraud class action against Symbotic and certain of its senior executives.
If you purchased Symbotic (NASDAQ: SYM) securities on or prior to February 5, 2024, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/symbotic-shareholder-investigation/, contact Joshua H. Grabar of Grabar Law Office at jgrabar@grabarlaw.com, or call 267-507-6085 to discuss your rights. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.
What is Alleged? The underlying securities fraud class action alleges that Symbotic Inc. (NASDAQ: SYM), through certain executives, misled investors concerning the Company’s progress in accelerating deployment of its warehouse automation systems. Among other things, it is alleged that Symbotic repeatedly represented that it was successfully accelerating system deployments even though the Company’s average system deployment time allegedly remained approximately 24 months and its primary engineering, procurement and construction outsourcing partner was experiencing significant operational problems.
What Did the Court Hold? The Court specifically found adequately alleged that, during a February 5, 2024 earnings call, CEO Richard Cohen responded to a question concerning Symbotic’s ability to further accelerate deployments by stating that, based upon what the Company then knew, “we can go faster, we can go a lot faster.” The Court concluded that Cohen’s statement was plausibly misleading in light of allegations that Symbotic’s average deployment times had remained stagnant and that the Company’s principal outsourcing partner was experiencing significant performance problems. The Court also permitted claims based upon Cohen’s May 6, 2024 statements concerning Symbotic’s purported acceleration of deployments to proceed.
Significantly, the Court found the allegations sufficient to support a strong inference of scienter [knowing falsity or reckless disregard for the truth] as to Cohen and, by imputation, Symbotic. Among other things, the Court relied upon Cohen’s subsequent disclosure that Symbotic had been hiring personnel in the engineering, procurement and construction area during the six months preceding July 2024 and was considering bringing those functions back in-house.
On February 5, 2025, Symbotic subsequently disclosed that the Company was “still averaging 24 months” to complete deployments and that accelerating deployment times would “take some time.”
The Court denied the motion to dismiss the Section 10(b) and Rule 10b-5 claim against Symbotic and Cohen concerning the allegedly misleading deployment statements. The Court also permitted related Section 20(a) control-person claims against Cohen, Chief Financial Officer Carol J. Hibbard and former Chief Manufacturing and Supply Chain Officer Walter Odisho to proceed.
What Can You Do Now? If you purchased Symbotic Inc. (NASDAQ: SYM) securities on or prior to February 5, 2024, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/symbotic-shareholder-investigation/, contact Joshua H. Grabar of Grabar Law Office at jgrabar@grabarlaw.com, or call 267-507-6085 to discuss your rights. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever through a shareholder governance action. $SYM #SYM #Symbotic
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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com
