NEW YORK, May  07, 2025  (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against RobinHood Markets, Inc. (NASDAQ: HOOD), Aldeyra Therapeutics, Inc. (NASDAQ:ALDX), Landstar System, Inc. (NASDAQ:LSTR), and ICU Medical, Inc. (NASDAQ: ICUI). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.

RobinHood Markets, Inc. (NASDAQ: HOOD)

On March 7, 2025, the Financial Industry Regulatory Authority ("FINRA") announced that it "has ordered Robinhood Financial to pay $3.75 million to its customers, and fined Robinhood Financial and Robinhood Securities $26 million for violating numerous FINRA rules, including failing to respond to red flags of potential misconduct." FINRA accused Robinhood of giving customers inaccurate or incomplete disclosures associated with its practice of so-called "collaring" market order by converting them to limit orders and found that the trading platform failed to create and implement "reasonable anti-money laundering programs, which caused the firms to fail to detect, investigate or report suspicious activity, including manipulative trading, suspicious money movements and instances where customers' accounts were taken over by third-party hackers." On this news, Robinhood's stock price fell $8.79 per share, or 19.79%, to close at $35.63 per share on March 10, 2025.

For more information on the Robinhood investigation go to: https://bespc.com/cases/HOOD

Aldeyra Therapeutics, Inc. (NASDAQ:ALDX)

On April 3, 2025, Aldeyra issued a press release "announc[ing] receipt of a Complete Response Letter from the U.S. Food and Drug Administration (FDA) for the resubmission of the New Drug Application (NDA) of reproxalap, an investigational drug candidate, for the treatment of dry eye disease." The press release specified that "[a]lthough no manufacturing or safety issues with reproxalap were identified, the FDA stated in the letter that the NDA ‘failed to demonstrate efficacy in adequate and well controlled studies in treating ocular symptoms associated with dry eyes' and that ‘at least one additional adequate and well controlled study to demonstrate a positive effect on the treatment of ocular symptoms of dry eye' should be conducted." The press release further stated that "[t]he letter identified concerns with the data from the trial submitted to the NDA that may have affected interpretation of the results, which the FDA stated may be related to methodological issues, including a difference in baseline scores across treatment arms." On this news, Aldeyra's stock price fell sharply during intraday trading on April 3, 2025.

For more information on the Aldeyra investigation go to: https://bespc.com/cases/ALDX

Landstar System, Inc. (NASDAQ:LSTR)

On April 2, 2025, Landstar revealed that it had "identified a significant supply chain fraud." The Company said "this fraud may adversely affect Landstar's 2025 first quarter earnings per share in a range of $0.35 to $0.50." As a result, Landstar withdrew its previously issued first quarter 2025 earnings guidance. Following this news, Landstar stock dropped. Then, on April 25, 2025, Landstar announced that it would be unable to timely file its quarterly report as it had not yet completed its ongoing evaluation of certain accounting and internal control matters related to the previously identified fraud. Following this news, Landstar stock again dropped, thereby damaging investors.

For more information on the Landstar investigation go to: https://bespc.com/cases/LSTR

ICU Medical, Inc. (NASDAQ: ICUI)

On April 22, 2025, ICU disclosed receipt of a warning letter from the U.S. Food and Drug Administration (“FDA”), citing unauthorized changes to two of the Company’s infusion pump products.  The FDA’s warning letter stated that the pumps were “adulterated” and “misbranded,” noting that the Company's modifications “can significantly impact the functionality of the device with respect to the infusion pumps delivery profile, [and] alarm functionality.”  The FDA further stated that these changes may have significantly impacted the safety and efficacy of the devices, raising concerns about the adequacy of ICU’s regulatory disclosures.

On this news, ICU’s stock price fell $6.04 per share, or 4.42%, to close at $130.68 per share on April 22, 2025.

For more information on the ICU Medical investigation go to: https://bespc.com/cases/ICUI

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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Bragar Eagel & Squire, P.C.
Brandon Walker, Esq. 
Marion Passmore, Esq.
(212) 355-4648
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