Moore Law, PLLC Launches Investigation into Amgen Inc.
Moore Law, PLLC is a prominent securities and shareholder law firm situated on Wall Street, and they are currently investigating potential claims relevant to Amgen Inc. (NASDAQ: AMGN). The law firm is focused on protecting investors who may have been affected by recent legal developments surrounding the pharmaceutical giant.
Details of the Investigation
The investigation comes in light of allegations related to Amgen's handling of disclosures regarding a significant tax liability, estimated at $10.7 billion. Reports indicate that shareholders were possibly misled when Amgen failed to properly communicate the potential financial risks associated with this tax issue, which could result in severe penalties imposed by the IRS.
The Allegations Against Amgen
The central argument in this investigation is based on a proposed class-action lawsuit suggesting that Amgen deliberately delayed disclosing crucial information. This delayed information pertains to claims from the U.S. government that Amgen owes more than $3 billion in back taxes for the tax years 2010 through 2012 and over $5 billion for the subsequent years.
Potential Implications for Investors
Investors are urged to understand the ramifications of these allegations. If the claims are substantiated, it may have significant financial implications for Amgen and its shareholders. The concern is that many investors were unaware of the risks associated with Amgen’s financial practices, potentially leading to unexpected losses.
Who Should Contact Moore Law?
Shareholders of Amgen Inc. who believe they were misled about the company's tax liabilities or other relevant disclosures are encouraged to reach out to Moore Law, PLLC. The firm is committed to holding corporate leaders accountable for any breaches of fiduciary duty or fraudulent practices that could harm investor interests.
About Moore Law, PLLC
Moore Law is a litigation firm based in New York City, focusing on investor protection and corporate accountability. Their mission is to ensure that corporate officers and directors remain accountable for their actions, particularly in matters of insider trading, fraud, and other forms of corporate misconduct.
Contact Information for Inquiries
Moore Law, PLLC is located at 30 Wall Street, 8th Floor, New York, NY 10005. Fletcher Moore, Esq. is available for direct contact at (212) 709-8245 or via email at fletcher@fmoorelaw.com. Investors seeking assistance are encouraged to make inquiries promptly.
Frequently Asked Questions
What is the investigation about?
The investigation centers on Amgen Inc.'s alleged failure to disclose significant tax liabilities that could affect investors.
Who can participate in this investigation?
Shareholders of Amgen Inc. who believe they have been misled about financial disclosures are encouraged to reach out to Moore Law.
What are the potential consequences for Amgen?
If allegations are proven true, Amgen could face substantial financial penalties and shareholder lawsuits.
How does Moore Law support investors?
Moore Law holds companies accountable for any violations of securities laws and helps protect investors' interests.
Where can I find more information?
Investors seeking more information can contact Moore Law directly via phone or email as listed above.
