Merck & Co., Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - MRK
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A class action securities lawsuit has been filed against Merck & Co., alleging securities fraud between February 2022 and February 2025. The lawsuit centers on Merck's revenue projections for Gardasil, claiming the company misrepresented expected sales in China. On February 4, 2025, Merck announced it would not achieve its $11 billion sales target, leading to a 9% stock price drop in a single day.
March 27, 2025 | 8:45 pm
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The class action lawsuit alleges Merck misled investors about Gardasil sales potential in China, potentially impacting the company's financial credibility and stock performance.
The lawsuit directly targets Merck's representations about Gardasil sales, which caused a significant stock price decline. The legal action suggests potential financial and reputational risks for the company.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100