NEW YORK--(BUSINESS WIRE)--Jun 8, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Medpace Holdings, Inc. (“Medpace” or the “Company”) (NASDAQ: MEDP) and reminds investors of the June 8, 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.
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning the true state of Medpace's backlog cancellation rate. Defendants continuously touted "well behaved" cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio.
On February 9, 2026, Medpace issued a press release announcing the Company's fourth quarter 2025 book-to-bill ratio of 1.04, well below the guidance of 1.15. Following this news, the price of Medpace's common stock declined dramatically. From a closing market price of $530.35 per share on February 9, 2026, Medpace's common stock price fell to $446.05 per share on February 10, 2026, a decline of more than 15.9%.
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 Medpace’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Medpace class action, go to www.faruqilaw.com/MEDP or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Highlights Class Action Against Medpace Holdings (MEDP) and Upcoming Lead Plaintiff Deadline of June 8, 2026
HAVANA (AP) — A worsening fuel crisis across Cuba is testing the island's famed “almendrones,” the vintage American cars that serve as vital shared taxis and embody the island’s ingenuity and endurance.
These days, many of the iconic gas-guzzling antique cars sit idle, casualties of fuel shortages that have gripped Cuba since January and that Cuban officials blame on a U.S. energy blockade.
Outside his modest concrete-block home on a dirt road in Las Minas, a town of about 2,000 people on the outskirts of Havana, Diriel Valdez is restoring a 1951 Chevrolet Deluxe. The burgundy body is intact and the original engine still works. Finding fuel for it, however, is another matter.
Valdez is among thousands of Cubans waiting for fuel through a government reservation app that, for many, has become a symbol of the shortages it was designed to manage.
“I signed up in February ... I’m still somewhere around number 2,800,” said the 27-year-old who runs an auto body shop from his home.
The reward for the wait would be 20 liters (5.3 gallons) of gasoline — enough fuel, Valdez says, to get him to the beach.
The name almendrón comes from the Spanish word for almond, a reference to the rounded shape of the large American sedans imported before Cuba’s 1959 revolution.
For decades, sanctions, shortages and limited imports forced Cuban mechanics to become masters of improvisation. Engines were swapped, bodies rebuilt and replacement parts sourced from wherever they could be found.
On a recent night in Havana, as another blackout darkened much of the city, taxi driver Leonardo Daniel González steered a friend’s glowing purple 1948 Chevrolet Fleetmaster through the darkness.
“These cars are passed down from generation to generation,” said González, 30. “I had one that belonged to my great-grandfather. It went from him to my grandfather, then to my father, and then to me.”
Cuba is experiencing one of its most severe energy crises in years. The population, already battered by decades of economic crises and shortages, is now navigating daily blackouts that can last up to 20 hours in some parts of the island.
The country produces only about 40% of the fuel it consumes and depends heavily on imports to keep its power plants running and its transportation network moving.
Since January, the Trump administration has tightened sanctions on Cuba as an element of its ongoing pressure campaign against the island’s communist government. Trump also threatened tariffs on countries that sell or transport oil to Cuba, further complicating the island’s efforts to secure fuel supplies. Just a single Russian tanker has delivered oil to the island nation since then.
Standing beside his Chevrolet in Las Minas, Valdez, who runs the auto body shop, said the fuel shortage is also affecting his livelihood. He learned auto-body work from his stepfather and has been repairing classic cars since he was 13.
“People don’t want to do major repairs anymore,” he said. “A lot of them have their cars parked. They don’t have much hope that they’ll be circulating the way they used to.”
As gasoline becomes harder to obtain, many drivers are turning to Cuba’s black market, where fuel can often be found more quickly, though at significantly higher prices that can reach up to $8 per liter ($30 per gallon).
Omar Everleny Pérez, a former economist at the University of Havana’s Center of Cuban Economic Studies, said the country’s transportation system still depends heavily on almendrones because modern vehicles remain out of reach for most Cubans.
“They’ve been vital to the transportation of ordinary Cubans,” he said. “Not only in Havana but throughout the country.”
New vehicles have become available in Cuba in recent years, but at prices far beyond the reach of most state-sector workers, Pérez said. That has helped keep the aging American cars on the road, even as a different future is beginning to emerge on Cuba’s streets.
Electric motorcycles imported from China have become increasingly common. Small electric vehicles are also appearing, aided by a growing network of solar-powered charging stations promoted by the government as part of its push toward renewable energy.
Back in Havana, González is not ready to write off the almendrones. Despite the lack of fuel and a sharp decline in tourism, he can still make a living off the old Chevrolet.
“There are ... several WhatsApp groups for us to find rides and so on,” said González. “But tourism in Cuba is in very bad shape.”
Ariel Fernández in Havana contributed to this report.
Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america
FILE - Drivers wait in a long line to enter a gas station in Bacuranao near Havana, Cuba, Jan. 30, 2026. (AP Photo/Ramon Espinosa, File)
FILE - A man walks past a gas station that has run out of fuel, located near the U.S Embassy, pictured in the background, in Havana, Cuba, Feb. 7, 2026. (AP Photo/Ramon Espinosa, File)
People traverse a street in Havana, Monday, May 25, 2026. (AP Photo/Jorge Luis Banos)
Workers repair the sign at the Grand Aston Hotel in Havana, Wednesday, June 3, 2026. (AP Photo/Ramon Espinosa)
