PRNewsWire
20 Aug 2026, 14:00 UTC · 1d ago
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A class action lawsuit has been filed against Blaize Holdings, Inc. (BZAI) alleging securities fraud and unlawful business practices. — Legal action alleging fraud typically creates significant downward pressure on stock prices due to potential liabilities and reputational damage.
-0.60A short report by Pelican Way Research alleges Blaize artificially boosted its share price through a 'bogus deal' with a startup called NeoTensr. — Allegations of fabricated partnerships to manipulate stock prices undermine fundamental trust in company disclosures and management integrity.
-0.50Pelican Way Research claims the counterparty NeoTensr has only ~$2 million in startup capital and a website registered only months prior to the deal. — Specific evidence suggesting a partner lacks the scale to execute a major AI infrastructure deal validates the short seller's thesis.
-0.30Which stocks this story touches
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The company is facing a class action lawsuit alleging securities fraud and artificial inflation of its share price.
The company is the subject of a class action lawsuit.
The company is currently under investigation regarding investor claims.
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