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Events / Business / Simulations Plus Securities Fraud...
Business securities fraud

Simulations Plus Securities Fraud Investigation

Analysis based on 24 articles · First reported Aug 11, 2025 · Last updated Oct 10, 2025

Sentiment
-70
Attention
4
Articles
24
Market Impact
General
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Market Impact

The market is negatively impacted by the alleged securities fraud by Simulations Plus, leading to significant stock price declines. Investors in Simulations Plus face potential losses and are being encouraged by Bleichmar Fonti & Auld LLP to pursue legal options.

Software Pharmaceuticals Biotechnology
Event Summary

Simulations Plus, a software company in the pharmaceutical, biotechnology, and chemical industries, is under investigation by Bleichmar Fonti & Auld LLP for potential securities fraud. The investigation stems from alleged misrepresentations regarding the successful integration of its June 2024 acquisition, Pro-ficiency Holdings, Inc., and the effectiveness of its internal controls over financial reporting. After hiring Grant Thornton Bharat as its new auditor, Simulations Plus announced disappointing preliminary 3Q 2025 financial results, causing its stock to fall over 24%. Subsequently, the company reported a $77.2 million impairment charge related to prior acquisitions and dismissed Grant Thornton Bharat. The auditor, however, disagreed with Simulations Plus's characterizations, stating that matters related to segment reporting, reporting unit determinations, and internal controls were not resolved to their satisfaction. This news led to another nearly 26% drop in Simulations Plus's stock price, prompting the securities fraud investigation.

Entities Involved
stock
Simulations Plus
Simulations Plus is under investigation for potential securities fraud due to alleged misrepresentations regarding the integration of Pro-ficiency Holdings, Inc., ineffective internal controls, and a significant impairment charge, leading to substantial stock price declines.
Importance 100.0 Sentiment -80.0
priv
Pro-ficiency Holdings
Pro-ficiency Holdings, Inc. was acquired by Simulations Plus in June 2024, but its integration reportedly struggled, contributing to the impairment charge and the securities fraud investigation against Simulations Plus.
Importance 60.0 Sentiment -30.0
priv
Grant Thornton Bharat
Grant Thornton Bharat was hired as Simulations Plus's auditor but was later dismissed. They disagreed with Simulations Plus's characterizations regarding segment reporting and internal controls, identifying unresolved matters.
Importance 50.0 Sentiment -20.0
per
Ross Shikowitz
Importance 0.0 Sentiment 0.0
stock
Sun Pharma
Importance 0.0 Sentiment 0.0
stock
Tesla, Inc.
Importance 0.0 Sentiment 0.0
priv
Bleichmar Fonti & Auld LLP
Importance 0.0 Sentiment 0.0
Relationships
Ross Shikowitz partner ↔ Bleichmar Fonti & Auld LLP Ross Shikowitz is a partner at the law firm Bleichmar Fonti & Auld LLP, where he focuses on securities and corporate gov
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