Important Update for Indivior Investors Facing Class Action
Indivior Investors Need to Act Now
Wohl & Fruchter LLP is reaching out to Indivior investors about a crucial upcoming deadline. Investors in Indivior, known by its ticker symbol INDV, need to be aware of the class action lawsuit aimed at recovering losses incurred due to the company's unexpected revenue guidance reduction for its leading product, SUBLOCADE. This shock announcement also included a halt to all sales and marketing efforts for PERSERIS, significantly impacting investor confidence.
Overview of the Class Action Lawsuit
The lawsuit, titled Herbst Capital Management v. Indivior PLC, et al, relates to Case No. 24-cv-00554 and highlights important claims against the management of Indivior. Investors are claiming that the company's leadership misrepresented its ability to gauge the potential adverse effects of new legislation on its financial health. Furthermore, it is alleged that management provided overly optimistic revenue forecasts for key products, thus giving investors a distorted view of the company's financial prospects.
Deadline for Lead Plaintiff Application
Indivior investors have until October 1 to file an application with the court to be designated as the lead plaintiff in this lawsuit. It is essential for affected investors to take urgent action if they wish to participate in the recovery process. The firm is encouraging Indivior shareholders who believe they have incurred losses due to Indivior's missteps to come forward and get involved in this legal effort.
Consultation Opportunities
For those interested in learning more about this class action and seeking advice on their legal rights, Wohl & Fruchter LLP offers a no-charge consultation. Investors can fill out a form provided on the firm's website to arrange for a consultation. This is a solid opportunity for investors seeking guidance through these troubling times and wanting to understand their options.
About Wohl & Fruchter LLP
Wohl & Fruchter LLP has established itself as a formidable advocate for investors over the last decade. Their experienced legal team is dedicated to holding corporations accountable for fraud and corporate misconduct. With a strong track record of recovering substantial damages for clients, the firm continues its commitment to supporting investors in their legal pursuits. Their offices in New York City and Monsey allow them to serve a broad community of clients seeking justice.
Contact Information
For Indivior investors looking to discuss their case, they can reach Wohl & Fruchter LLP by telephone at 866-833-6245 or through email at alerts@wohlfruchter.com. The firm’s team is ready to assist and provide guidance to investors navigating these challenges.
Frequently Asked Questions
What is the deadline for Indivior investors to act?
The deadline for applying as a lead plaintiff is October 1.
What does the class action lawsuit allege?
The lawsuit accuses Indivior's management of misrepresenting the company's financial forecasts and the impacts of new legislation.
How can I participate in the lawsuit?
Indivior investors can fill out a form on Wohl & Fruchter LLP's website to schedule a consultation.
What support does Wohl & Fruchter LLP provide?
The firm offers consultations at no charge to help investors understand their legal rights.
How has Wohl & Fruchter LLP performed in similar cases?
They have successfully recovered hundreds of millions of dollars for investors impacted by corporate fraud and misconduct.
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