June 3, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against VTRS
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Levi & Korsinsky law firm has filed a class action securities lawsuit against Viatris Inc. (VTRS) alleging securities fraud between August 2024 and February 2025. The lawsuit claims the company misrepresented the impact of an FDA warning letter for its Indore, India facility, describing it as a 'minor headwind' when it significantly affected financial performance. Following the announcement of disappointing fiscal 2025 guidance, VTRS stock dropped 15.21% in a single day, from $11.24 to $9.53 per share.
April 13, 2025 | 12:30 pm
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NEGATIVE IMPACT
Potential legal liability from securities fraud allegations could negatively impact investor sentiment and stock performance
The lawsuit alleges material misrepresentations about the FDA warning letter's impact, which could lead to financial penalties, reputational damage, and reduced investor trust
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100