Merck & Co., Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - MRK
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Merck & Co. is being sued for securities law violations after announcing it would not achieve its projected $11 billion Gardasil sales by 2030. The lawsuit alleges the company misled investors about potential revenue growth in China, leading to a 9% stock price drop when the true situation was revealed on February 4, 2025.
March 27, 2025 | 8:45 pm
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Merck's stock price dropped over 9% following announcement of reduced Gardasil sales expectations, with a class action lawsuit alleging securities fraud between 2022-2025.
The lawsuit directly impacts Merck by alleging securities fraud, potentially leading to financial penalties and reputational damage. The 9% stock price drop indicates significant market concern about the company's revenue projections and transparency.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100