Levi & Korsinsky Alerts Investors on Regeneron Case Developments
Levi & Korsinsky Alerts Investors on Regeneron Case Developments
Levi & Korsinsky, LLP is reaching out to investors involved with Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) regarding crucial updates on a significant class action lawsuit. This situation affects shareholders who experienced financial impacts due to alleged securities fraud involving the company.
Understanding the Class Action Lawsuit
The essence of this lawsuit is to recover losses incurred by those who invested in Regeneron during specific periods where the company is accused of potential misconduct. The alleged fraud primarily transpired without proper disclosure and has left many investors seeking justice and compensation.
Defining the Class
The class action focuses on Regeneron shareholders who invested during the time when the company purportedly engaged in misleading practices that inflated the reported sales of its flagship drug, Eylea. This case aims to highlight and rectify the consequences of any deceptive measures that affected the stock performance.
Details of Allegations
Specifically, the lawsuit claims that Regeneron engaged in several misleading activities, including:
- Concealing payments made to distributors in the form of credit card fee subsidies.
- Misrepresenting how these payments influenced the pricing of Eylea.
- Overstating sales figures by not appropriately accounting for the financial concessions made to customers regarding credit card transactions.
- Failing to report these financial manipulations to federal agencies, thus violating regulations.
These allegations suggest that the company’s assertions regarding its market position and product effectiveness lacked a substantial foundation, thus misleading investors.
What Investors Need to Know
For investors who feel affected by these developments, an important date to remember is March 10, 2025. This date marks the deadline for requesting to be appointed as lead plaintiff in the case. It is crucial for those who have incurred losses to take action before this date to ensure their voices are heard in the legal proceedings.
Zero Cost to Participate
An essential point for shareholders is that participating in this case does not involve any out-of-pocket costs. This means that class members can pursue potential compensation without the burden of upfront fees or financial risks associated with the lawsuit.
The Reputation of Levi & Korsinsky
Levi & Korsinsky has established itself as a leading firm in securities litigation, boasting a history of recovering substantial amounts for aggrieved shareholders. With over 20 years of experience, their team comprises over 70 skilled professionals dedicated to the interests of their clients. Their expertise is recognized nationally, consistently ranking them among the top firms for securities class actions.
Clients can trust Levi & Korsinsky to navigate the complexities of this legal landscape effectively, as they have done successfully in the past. Investors are encouraged to connect with the firm for guidance and assistance regarding their potential claims.
Company Contact Information
For any questions or concerns regarding this lawsuit, shareholders can reach out to Levi & Korsinsky directly. Key contacts include:
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
Website: www.zlk.com.
Frequently Asked Questions
What is the purpose of the Regeneron lawsuit?
The lawsuit aims to recover losses for investors who may have been misled by Regeneron’s alleged fraudulent activities.
When is the lead plaintiff deadline?
The deadline to request lead plaintiff status in the case is March 10, 2025.
Will participating in the lawsuit cost me anything?
No, there are no costs or obligations for class members to participate in the lawsuit.
What allegations are being made against Regeneron?
Allegations include misleading sales reporting and improper financial practices affecting the pricing of their product Eylea.
How can I contact Levi & Korsinsky?
You can reach out to Levi & Korsinsky via phone at (212) 363-7500 or visit their website for more information.
About The Author
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