AstraZeneca (AZN) Faces Securities Class Action After Reports of PRC Probe into Fraud and Corruption – Hagens Berman
Portfolio Pulse from
AstraZeneca (AZN) is facing a securities class action lawsuit in the US following reports of a probe by Chinese regulators into alleged illegal activities, including drug imports and health insurance fraud. This has led to a 15% decline in its stock price over the past six months.
January 10, 2025 | 2:45 pm
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AstraZeneca is facing a securities class action lawsuit in the US due to a Chinese investigation into alleged illegal activities. This has negatively impacted its stock price, which has fallen 15% over the past six months.
The news of a securities class action lawsuit in the US, combined with a Chinese investigation into serious allegations, is likely to further pressure AstraZeneca's stock price. The 15% decline over the past six months indicates significant investor concern, and the legal challenges could exacerbate this trend.
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IMPORTANCE 90
RELEVANCE 100