Johnson Fistel, PLLP, a national shareholder rights law firm, announced an investigation into potential securities law violations by Simulations Plus, Inc. (NASDAQ: SLP). The firm is exploring claims on behalf of investors who experienced losses related to alleged misrepresentations and omissions by the company and its leadership.
The investigation stems from a series of events impacting Simulations Plus‘s financial performance and stock price. In June 2024, the company acquired Pro-ficiency Holdings, Inc., presenting the merger as a significant growth catalyst that would substantially expand its market reach. Simultaneously, Simulations Plus assured investors that its internal financial controls were robust and effective.
However, in June 2025, Simulations Plus reported disappointing preliminary third-quarter results, attributing the underperformance to market uncertainties. This announcement caused a sharp decline in the company’s stock price. Further, in July 2025, the company revealed a substantial charge related to previous acquisitions and announced the dismissal of its auditor, Grant Thornton LLP. The company acknowledged unresolved issues with its internal controls and segment reporting. Grant Thornton, however, publicly disagreed with Simulations Plus’s assessment of the situation. This led to a further significant drop in the company’s share price.
Johnson Fistel is seeking to determine if these events resulted from misleading statements or omissions made by Simulations Plus. The firm represents individual and institutional investors in securities class-action lawsuits and works with investors from both domestic and international markets.
Johnson Fistel has a history of representing investors in securities litigation. In 2024, the firm was recognized among the top 10 plaintiff law firms by ISS Securities Class Action Services, reflecting its success in recovering funds for clients in securities litigation. The firm emphasizes that past results do not guarantee future outcomes.
Investors who purchased Simulations Plus securities and incurred substantial losses are encouraged to contact Johnson Fistel to learn more about their potential legal options. The firm offers a detailed evaluation process to determine eligibility for participation in any potential class action or individual recovery efforts. Johnson Fistel can be reached via phone or email for further inquiries.
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