Legal Action Update: Investors Target Novo and Others

Investors Urged to Join Class Actions for Major Firms

Investors across the globe are keenly aware of the implications of recent class action lawsuits involving notable companies such as Novo Nordisk A/S (NYSE: NVO), Altimmune, Inc. (NASDAQ: ALT), SelectQuote, Inc. (NYSE: SLQT), and Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI). Renowned law firm Bragar Eagel & Squire, P.C. is advocating for affected shareholders to step forward and establish their rights.

Novo Nordisk: Allegations of Misleading Growth Predictions

Novo Nordisk A/S (NYSE: NVO)

The class period for Novo covers from May 7, 2025, to July 28, 2025, with a lead plaintiff deadline set for September 30, 2025. Investors allege that the company promoted overly optimistic growth forecasts while simultaneously hiding crucial negative information regarding their growth potential. Specifically, it has been highlighted that the company greatly misrepresented the impact of the compounded GLP-1 exclusion and exaggerated the anticipated shift of patients to their branded alternatives.

As Novo's second quarter results loomed on July 29, 2025, the company adjusted its sales and profit forecasts downward, attributing this action to diminishing growth expectations. This revelation led to a staggering 21.83% drop in stock price, going from $69.00 to $53.94 in just one day.

Further Insight Into the Novo Case

The contrast between the company’s inflated promises and actual performance has led to intense scrutiny. Legal experts suggest that shareholders who have suffered financial losses due to deceptive practices should act promptly and consider joining the class action to recover potential losses.

Altimmune: Failures in Trial Results Spark Controversy

Altimmune, Inc. (NASDAQ: ALT)

For Altimmune, the class period extends from August 10, 2023 to June 25, 2025, with a deadline for lead plaintiffs set for October 6, 2025. Key allegations arise from a disappointing clinical trial result announcement regarding Pemvidutide, where investors expected significant success but were met with underwhelming statistical findings concerning the primary endpoint.

On June 26, 2025, the company's stock suffered a dramatic decline of 53.2%, falling from $7.71 to $3.61 per share, as news of the trial’s underperformance became public, highlighting a substantial disconnect between projected outcomes and reality.

Implications for Altimmune Investors

Investors who bought stock during the relevant period might be eligible to join the ongoing litigation to hold the company accountable for potentially misleading information related to these trial results.

SelectQuote: Legal Challenges Looming

SelectQuote, Inc. (NYSE: SLQT)

SelectQuote is embroiled in legal trouble following allegations of illegal kickbacks linked to Medicare beneficiaries. The claims state that the company’s actions, which included steering beneficiaries to certain insurance plans, violated the False Claims Act. The alleged period spans from September 9, 2020, to May 1, 2025.

The legal troubles were compounded when the stock price plunged by 19.2% following the announcement of the DOJ investigation. Investors assert that the company’s vague and misleading statements failed to disclose essential facts regarding its operations.

SelectQuote's Path Ahead

Shareholders affected by these developments now have the opportunity to engage in legal recourse to reinforce their rights as investors during this tumultuous time.

Spectrum: Accusations of Misrepresentation

Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI)

The class period for Spectrum involves allegations made during the timeframe of March 17, 2022, to September 22, 2022, with a lead plaintiff deadline on September 24, 2025. Investors claim that the company made false statements regarding the success of its Pinnacle Study for lung cancer treatments. The failure to meet expectations has raised questions about the company's overall integrity.

As the situation evolves, those involved during this period may have a chance to seek justice and recover losses. Recent developments have made the investment community wary, emphasizing the importance of accountability from corporate institutions.

How to Move Forward

Bragar Eagel & Squire, P.C. continues to encourage shareholders of these companies to come forward if they believe their investments have been adversely affected due to misleading information. As these significant trials unfold, the importance of shareholder awareness and action cannot be overstated.

Frequently Asked Questions

What is the purpose of the lawsuits against these companies?

The lawsuits aim to hold these companies accountable for misleading statements or actions that may have caused financial losses to shareholders.

How can I participate in these class action lawsuits?

Shareholders can reach out to Bragar Eagel & Squire, P.C. for guidance on how to join the lawsuits.

What are the potential outcomes of these lawsuits?

Potential outcomes can include financial compensation for shareholders if the lawsuits succeed.

What risks are involved in participating in a class action lawsuit?

Participants may incur legal fees or face uncertainty regarding outcomes, but it could lead to recovery of losses.

Is participation in a class action lawsuit confidential?

Yes, participants’ information is generally kept confidential throughout the litigation process.

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