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DEADLINE ALERT for FuelCell Energy, Inc. (FCEL), Lincoln Educational Services Corp. (LINC), Duolingo, Inc. (DUOL), and Baidu, Inc. (BIDU): The Law Offices of Howard G. Smith Reminds Investors of Opportunity to Lead Securities Fraud Class Actions

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FCEL The company allegedly made misleading statements regarding its manufacturing capacity, production rates, and resulting higher costs and potential charges, impacting profitability. LINC The company is accused of misrepresenting its admissions process, leading to a significant drop in student starts relative to enrollment. DUOL Allegations suggest the company used increased ad volume and subscription upsells to inflate user growth, while AI-generated content worsened product quality and threatened financial performance. BIDU The company is accused of overstating its AI business's ability to offset declines in its legacy online marketing business, leading to likely revenue decreases.

BENSALEM, Pa., Nov. 09, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies: FuelCell Energy, Inc., Lincoln Educational Services Corp., Duolingo, Inc., and Baidu, Inc. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are urged to contact The Law Offices of Howard G. Smith about these class actions to discuss their legal rights, at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com.

FuelCell Energy, Inc. (NASDAQ: FCEL)

The FuelCell Energy, Inc. complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s manufacturing capacity was inadequate to generate the production rate required under the CEPA; (ii) as a result, the Company’s annualized production rate for deliveries under the CEPA with Fit Energy was slower than expected; (iii) as a result, the Company was incurring higher product costs and manufacturing overhead expenses; (iv) as a result of the slower production rate, the Company was reasonably likely to incur charges in connection with the CEPA; and (v) the foregoing was a known trend affecting the Company’s profitability.

Lincoln Educational Services Corp. (NASDAQ: LINC)

The Lincoln Educational Services Corp. complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s admissions process was not effectively converting students from enrollment to start; and (ii) as a result, the Company was experiencing a significant drop in student starts relative to enrollment.

Duolingo, Inc. (NASDAQ: DUOL)

The Duolingo, Inc. complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) Daily Active User ("DAU") growth rates were being leveraged against deliberately added user friction in the form of significant increases in ad volume, subscription tier upsells, and worsened product quality, and defendants understood that any amount of user friction would cause users to leave the app and, ultimately, negatively impact DAU growth rates; (ii) Duolingo's rigorous A/B testing demonstrated to defendants that increased friction in the free user experience was having negative impacts on DAU growth rates; (iii) Duolingo's quickly generated AI content was worsening the quality of Duolingo's product offerings, negatively impacting the user experience and user trends, and threatening the sustainability of Duolingo's financial performance; and (iv) far from driving sustained growth and strong user momentum through content and "product improvements" that "get improved retention," Duolingo's constant A/B testing informed Duolingo that its monetization push and lower-quality, rapidly generated AI content were degrading the Duolingo product experience and the value proposition of its subscription tiers.

Baidu, Inc. (NASDAQ: BIDU)

The Baidu, Inc. complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had overstated the ability of its AI business to mitigate rapid declines in its legacy online marketing business; and (ii) as a result, the Company's revenue was reasonably likely to decline.

Next steps for investors in these cases

If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of The Law Offices of Howard G. Smith by telephone at (215) 638-4847, by email to howardsmith@howardsmithlaw.com, or visit the firm's website.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. No class has been certified yet in any of these cases.

About The Law Offices of Howard G. Smith

The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.

Prior results do not guarantee a similar outcome.

Contact

Howard G. Smith

The Law Offices of Howard G. Smith

3070 Bristol Pike, Suite 112

Bensalem, PA 19020

Email: howardsmith@howardsmithlaw.com

Telephone: (215) 638-4847

www.howardsmithlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.