Class Action Update for Regeneron Pharmaceuticals Investors
Class Action Lawsuit Overview for Regeneron Pharmaceuticals
Levi & Korsinsky, LLP has announced that Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) investors should take note of a pending class action lawsuit concerning alleged securities fraud.
Understanding the Class Action
The lawsuit aims to recover losses for investors adversely affected by claims of fraud that occurred between specified dates in 2023 and 2024. If you are a shareholder of Regeneron, it's essential to understand your rights and the possible outcomes of this case.
Details of the Allegations
The allegations center around misleading statements made by the company regarding its pricing and sales practices, particularly concerning its popular product, Eylea. Investors are claiming that Regeneron’s actions inflated its reported sales while failing to disclose critical pricing strategies.
Key Points to Know
The lawsuit will explore the claims that Regeneron engaged in improper conduct, such as:
- Payments made to distributors to ensure they did not raise credit card fees for customers purchasing Eylea.
- Concealing these payments as concessions that unintentionally misled investors regarding the company's performance.
- Failure to accurately report these concessions, potentially violating federal laws.
What This Means for Investors
For investors who have seen their portfolio values decrease due to these allegations, it’s critical to consider the remaining timeline for participation in the lawsuit. If you've suffered losses, you should consult with professionals regarding your options.
Next Steps for Affected Investors
If you believe you qualify as a class member, you have until a specific date to apply for lead plaintiff status in this lawsuit. However, you do not need to be a lead plaintiff to be eligible for compensation.
No Financial Risk to Participate
Levi & Korsinsky emphasizes that there is no out-of-pocket cost for eligible investors to become involved in this suit. Participation is completely voluntary, and the firm works on a contingency basis, meaning they only get paid if you do.
Why Choose Levi & Korsinsky?
With more than twenty years in the field, Levi & Korsinsky has secured substantial recoveries for shareholders and is well-respected in the realm of securities litigation. The firm comprises a robust team dedicated to advocating for investors’ rights, especially during complex legal battles.
Contact Information
For further inquiries regarding this class action or to see if you qualify, you can contact:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: jlevi@levikorsinsky.com
Phone: (212) 363-7500
Fax: (212) 363-7171
Frequently Asked Questions
What is a class action lawsuit?
A class action lawsuit allows a group of people with similar claims against a common defendant to sue together in one lawsuit.
Who can participate in this class action?
Any investors who suffered losses holding Regeneron shares during the defined period may be eligible.
What should I do if I want to join this lawsuit?
Interested investors should contact Levi & Korsinsky or follow the provided links to submit their information.
Are there costs involved in joining the class action?
No, there are no upfront costs; the legal fees are only applicable if compensation is awarded.
How long do I have to join the lawsuit?
Eligible investors must act by the specified deadline to be considered for lead plaintiff status or participation.
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