Important Notice for Indivior Investors
Levi & Korsinsky, LLP is reaching out to investors of Indivior PLC (NASDAQ: INDV). They are informing eligible investors about a class action securities lawsuit that seeks to recover losses stemming from alleged fraudulent activities by the company.
Understanding the Class Action
CLASS DEFINITION: This lawsuit is designed for individuals who have suffered financial losses due to the alleged fraudulent actions involving Indivior. The timeframe for this lawsuit extends from February 22, 2024 to July 8, 2024. Interested individuals can follow the link provided for more detailed information and to express their interest in joining the lawsuit.
Contact Information
Investors with inquiries can contact Joseph E. Levi, Esq. via email at [email protected] or by calling (212) 363-7500.
Details of the Case
CASE DETAILS: The complaint alleges that the defendants intentionally misled investors regarding the company's financial forecasts and the effects of legislative changes on Indivior's products. Key allegations include:
1. Misrepresentation of Financial Forecasts
The company is accused of significantly overstating its forecasting capabilities, which misled investors about the financial implications of new legislation.
2. Overstatement of Product Prospects
Defendants are claimed to have exaggerated the market potential of Indivior's treatments, including SUBLOCADE, PERSERIS, and OPVEE.
3. Inaccurate Revenue Predictions
It is alleged that Indivior was unlikely to achieve its revenue targets due to legislative changes, information that was concealed by the defendants.
4. Risk of Service Cessation
The lawsuit argues that Indivior faced a significant risk of halting sales and marketing for certain products but failed to disclose this risk to investors.
Next Steps for Affected Investors
WHAT'S NEXT? If you experienced losses during the specified period, please note that you have until October 1, 2024 to ask the court to appoint you as a lead plaintiff. It's important to remember that you do not need to be a lead plaintiff to receive compensation.
No Upfront Costs for Participants
NO COST TO YOU: If you qualify as a class member, you may receive compensation without any upfront fees. There are no hidden costs or obligations to participate.
Why Trust Levi & Korsinsky
WHY LEVI & KORSINSKY: With a proven track record of securing hundreds of millions for investors, Levi & Korsinsky has established a solid reputation over the past two decades. The firm is recognized for its expertise in complex securities litigation and consistently ranks among the top firms in this field.
Contact Levi & Korsinsky
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
Frequently Asked Questions
1. What is the class action about?
This class action aims to recover losses for investors who were misled by false statements made by Indivior regarding its financial performance.
2. Who can participate in this class action?
Any investor who experienced losses in Indivior PLC during the specified dates is eligible to participate in this class action.
3. What is the deadline to join the class action?
The deadline to request to join as a lead plaintiff is October 1, 2024.
4. Will I have to pay any costs to join?
No, there are no costs or obligations for class members to participate in this class action.
5. How can I contact Levi & Korsinsky for more information?
You can contact them via email or phone. Reach out to Joseph E. Levi, Esq. using the provided email address or at (212) 363-7500 for assistance.
