Investor Alert: Amgen Inc. Faces Lawsuit for Securities Violations
Understanding the Amgen Inc. Lawsuit
For investors in Amgen Inc. (NASDAQ: AMGN), recent developments indicate the potential for significant legal ramifications. The Shareholders Foundation has informed investors about an ongoing lawsuit that could impact their financial interests.
Background of the Lawsuit
Investors who acquired shares of Amgen prior to a specific period and continue to hold these shares should be aware of their rights and options during this legal process. The lawsuit arises from allegations related to securities laws violations made against Amgen Inc.
Key Allegations Against Amgen
The crux of the lawsuit revolves around claims that Amgen misled its investors. A plaintiff has claimed that the defendants did not disclose critical information regarding substantial tax liabilities from the U.S. government, amounting to billions of dollars over several years. These allegations highlight concerns regarding Amgen’s tax obligations for the tax years of 2010 through 2015, suggesting that investors were not fully informed about the company's financial exposure.
Legal Developments
As the case unfolded, an amended complaint was submitted, and Amgen moved to dismiss the case. A court hearing on this motion took place, illustrating the seriousness of the matter and the ongoing evaluation by judicial authorities regarding the validity of the claims presented.
Your Rights as an Investor
Shareholders who feel affected by these developments are encouraged to reach out to the Shareholders Foundation for guidance. They can provide support and insights for understanding the implications of this lawsuit on your investments.
Contacting the Shareholders Foundation
If you have purchased shares of Amgen Inc. (NASDAQ: AMGN) and wish to discuss your options, contacting the Shareholders Foundation is a prudent next step. They can assist you in navigating this legal landscape.
About the Shareholders Foundation
The Shareholders Foundation is dedicated to supporting investors with information related to shareholder issues and securities class actions. While not a law firm, they offer valuable resources to help investors stay informed about potential legal actions that may affect their holdings.
Frequently Asked Questions
What is the lawsuit against Amgen about?
The lawsuit involves allegations that Amgen failed to disclose significant tax liabilities, misleading investors about the company's financial status.
Who should contact the Shareholders Foundation?
Investors who purchased Amgen shares, particularly before the mentioned timeframe, should reach out for guidance on their legal options.
What are the potential implications for investors?
Investors may need to consider their exposure to risk related to the allegations and the ongoing lawsuit.
When did the lawsuit begin?
The lawsuit has been progressing since it was filed, with various hearings and motions taking place.
Can investors participate in the lawsuit?
Yes, affected investors are urged to seek advice from the Shareholders Foundation to understand their rights and possible participation in the legal proceedings.
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