AstraZeneca (AZN) Faces Securities Class Action After Reports of PRC Probe into Fraud and Corruption – Hagens Berman
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AstraZeneca is facing a securities class action lawsuit in the U.S. for allegedly misleading investors about its business practices in China, a significant market for the company.
December 24, 2024 | 10:00 pm
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AstraZeneca is facing a securities class action lawsuit in the U.S. for allegedly misleading investors about its business practices in China, which is a significant market for the company.
The lawsuit could negatively impact AstraZeneca's stock price due to potential legal costs and reputational damage. China is a critical market for AstraZeneca, contributing 13% of its revenue, so allegations of misleading practices there are significant.
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