ISLAMABAD (AP) — Pakistan summoned a senior Afghan diplomat on Monday to lodge a formal protest over a suicide attack in the country's northwest, bordering Afghanistan, that killed 15 police officers.
Islamabad has blamed the late Saturday attack on the Pakistani Taliban, known as Tehrik-e-Taliban Pakistan, or TTP. Pakistani authorities have long accused the Taliban government of sheltering the TTP, a separate group but closely allied to the Afghan Taliban. Kabul denies the charge, saying it doesn’t allow militants to use Afghan soil to attack other countries.
The complaint was handed to the Afghan charge d’affaires, Pakistan’s Foreign Ministry said in a statement, adding that “a detailed investigation into the incident, along with evidence collected and technical intelligence” indicated that the attack was “masterminded by terrorists residing in Afghanistan.”
Kabul was also told that Islamabad “reserves the right to respond decisively against the perpetrators of this barbaric act," the statement said.
There was no immediate comment from Kabul.
The attack in Bannu, a district in Khyber Pakhtunkhwa province, erupted after a suicide bomber, backed by several gunmen, detonated an explosives-laden vehicle near the security post, triggering a shootout. Some officers were killed in the exchange of fire, while others died after part of the building collapsed, according to local police. Four were also wounded.
A newly formed splinter group of the Pakistani Taliban, Ittehad-ul-Mujahideen Pakistan, claimed responsibility for the attack. Islamabad has accused the group of being a front for the Pakistani Taliban.
Pakistan has witnessed a surge in militant violence in recent years, much of it blamed on the TTP.
Tensions between Islamabad and Kabul have persisted, with engaging in fighting that has killed hundreds of people since late February. In early April, Afghan Taliban and Pakistani officials held peace talks mediated by China. However, sporadic cross-border clashes have continued, though at a lower intensity than before.
Police officers and local residents examine the site of overnight suicide bombing at a security post in Fatah Khel, in Bannu, a district in Pakistan's Khyber Pakhtunkhwa province bordering Afghanistan, Sunday, May 10, 2026. (AP Photo/Aamad Khattak)
A worker clear rubble with an excavator as a police officer and local residents gather at the site of overnight suicide bombing at a security post in Fatah Khel, in Bannu, a district in Pakistan's Khyber Pakhtunkhwa province bordering Afghanistan, Sunday, May 10, 2026. (AP Photo/Aamad Khattak)
NEW YORK--(BUSINESS WIRE)--May 11, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Camping World Holdings, Inc. (“Camping World” or the “Company”) (NYSE: CWH) and reminds investors of the May 11, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company overstated its ability to “surgically manage [its] inventory” to optimize profit using “data analytics;” (2) the Company overstated the retail demand of consumers it was experiencing and/or reasonably expected; (3) as a result, the Company would require “strict, corrective inventory management objectives,” negatively impacting gross profit and margins; (4) the Company’s inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage SG&A expenses; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On October 28, 2025, after the market closed, Camping World released its third quarter 2025 financial results, reporting, among other things, that “new vehicle revenue was $766.8 million for the third quarter, a decrease of $58.1 million, or 7.0%,” “average selling price of new vehicles sold decreased 8.6%,” and “new vehicle gross margin was 12.7%, a decrease of 81 basis points, driven primarily by the 8.6% decrease in the average selling price per new vehicle sold.” The Company further disclosed that “total gross margin was 28.6%, a slight decrease of 27 basis points,” and “the slight gross margin decrease was primarily from the reduced average selling price per new vehicle sold.” The Company further disclosed it saw 2026 as a “consecutive year of Adjusted EBITDA growth, starting in the low $300 million range.” Nonetheless, the Company purported to reassure investors that “this judicious conservatism, combined with our fortified balance sheet and improving leverage, has set the stage for our return to measured and accretive M&A activity across the business.”
On this news, Camping World’s stock fell $4.17, or 24.8%, to close at $12.65 per share on October 29, 2025, on unusually heavy trading volume.
Then, on February 24, 2026, after the market closed, Camping World released its fourth quarter 2025 results, reporting, among other things, that it had “implemented strict, corrective inventory management objectives to structurally improve [its] turnover rates” creating gross margin headwinds into 2026. The Company reported financial results, including that “net loss was $(109.1) million for the fourth quarter of 2025, an increased loss of $49.6 million, or 83.3%,” “adjusted EBITDA was $(26.2) million, an increased loss of $23.7 million,” “gross profit was $338.2 million, a decrease of $38.7 million, or 10.3%, and total gross margin was 28.8%, a decrease of 247 basis points.” The Company also reported “new vehicle gross margin was 12.3%, a decrease of 291 basis points,” and “used vehicle gross margin was 16.0%, a decrease of 277 basis points,” both due to an increase in the average cost per vehicle sold and a decrease in average selling price, “driven in part by accelerated sales of aged used vehicles in December.” The Company additionally reported SG&A as a percent of gross profit of 85%, a 190 basis point year over year improvement, falling far short of the Company’s prior guidance for a 300 to 400 basis points improvement.
Finally, the Company announced that it would be pausing its quarterly cash dividend, effective immediately, “following consideration of forecasted tax distributions, the reduced availability of excess tax distributions to fund dividend payments driven partly by the impact of recent tax law changes, and in consideration of the Company’s focus on reducing net debt leverage.”
On this news, Camping World’s stock price fell $1.79, or 16.5%, to close at $9.06 per share on February 25, 2026, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Camping World’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Camping World Holdings class action, go to www.faruqilaw.com/CWH or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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CWH CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Camping World Holdings (CWH) Investors of Securities Class Action Deadline on May 11, 2026
