Indivior PLC Faces Class Action Lawsuit Over Misleading Statements
Indivior PLC Shareholders Alerted to Class Action Claims
The Gross Law Firm has informed shareholders of Indivior PLC (NASDAQ: INDV) about a significant class action lawsuit. This notice comes in light of serious allegations that could affect investor interests. Shareholders are urged to engage with the firm, especially those who purchased shares during the outlined class period.
Details of the Class Period and Allegations
The class period specified for potential claims spans from February 22, 2024, to July 8, 2024. During this time, allegations have surfaced that Indivior grossly underestimated the negative consequences of certain legislative actions on their products. The class action claims that the company provided misleading statements regarding the financial prospects of its key products, SUBLOCADE, PERSERIS, and OPVEE.
Understanding the Allegations in Depth
According to the lawsuit, Indivior's executives overstated their capabilities to forecast legislative impacts effectively. This misrepresentation led investors to overestimate the anticipated revenue from Indivior’s treatments for opioid use disorders and severe mental health conditions. Furthermore, concerns were raised that the company would likely be unable to meet its previously communicated revenue guidance due to these unaddressed risks, which severely affected their market standing.
Deadline for Shareholder Registration
The firm has set a registration deadline for potential claimants on October 1, 2024. Interested shareholders should act without delay to secure their participation in the lawsuit.
Next Steps for Shareholders
Shareholders who wish to be part of this class action should register with the Gross Law Firm. By doing so, they will gain access to a portfolio monitoring service to keep them informed about the case's progression. Notably, there's no financial obligation to participate in this class action.
Why Choose the Gross Law Firm?
Recognized nationally, the Gross Law Firm focuses on protecting investor rights, particularly in cases of fraud and misleading business practices. The firm is dedicated to promoting responsible corporate conduct and aims to recover losses for investors adversely affected by misleading actions from companies like Indivior.
Company Contact Information
For further inquiries, shareholders can reach out to the Gross Law Firm located at:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Phone: (646) 453-8903
Frequently Asked Questions
What is the class action lawsuit about?
The lawsuit alleges that Indivior PLC misrepresented the financial prospects of its products, leading to false assumptions by investors.
Who is eligible to join the class action?
Shareholders who purchased shares of INDV during the specified class period from February 22, 2024, to July 8, 2024, are eligible.
What is the deadline for registering?
The registration deadline to join the class action is October 1, 2024.
Do I have to pay to join the class action?
No, there is no cost or obligation to join the class action lawsuit.
What can I expect after registering?
After registration, you will receive updates on the progress of the case through a portfolio monitoring service.
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