NEW YORK, April 11, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in ICON Public Limited Company ("ICON " or the "Company") (NASDAQ: ICLR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ICON investors who were adversely affected by alleged securities fraud between July 27, 2023 and January 13, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/icon-public-limited-company ...

Core Viewpoint - ICON PLC is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements and undisclosed material losses impacting its business operations [1][3]. Company Overview - ICON PLC is identified as a clinical research organization (CRO) [2][3]. Allegations in the Lawsuit - The lawsuit claims that ICON suffered a material loss of business due to customer cost reduction measures and funding limitations affecting its client base [3]. - It is alleged that ICON's Functional Service Provision (FSP) and hybrid model offerings were inadequate to mitigate the effects of a significant market downturn [3]. - The requests for proposals from biotechnology customers were reportedly used as price discovery tools rather than indicative of actual client demand [3]. - Customers of ICON are said to have canceled contracts, limited engagements, delayed clinical trial work, and failed to enter into new contracts at historical rates [3]. - The two largest customers of ICON were diversifying their CRO providers away from ICON [3]. - As a result of these issues, ICON's reported net new business awards and book-to-bill metrics misrepresented actual client demand [3]. - Consequently, ICON was tracking significantly below the 2024 revenue and EPS guidance issued during the Class Period, which lacked a reasonable factual basis [3]. Financial Performance - On October 23, 2024, ICON reported quarterly revenues of $2.03 billion, missing consensus estimates of $2.13 billion by over $100 million [4]. - The quarterly net new business wins declined to $2.3 billion from $2.6 billion in the prior quarter, and the book-to-bill ratio fell to 1.15 from 1.22 [4]. - The CEO indicated that two large pharmaceutical customers had curtailed upcoming FSP trial work due to ongoing cost containment measures, which would negatively impact financial performance [4]. - Following this news, the price of ICON ordinary shares dropped by more than 20% over two trading sessions [4].

NEW YORK, April 8, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in ICON Public Limited Company ("ICON " or the "Company") (NASDAQ: ICLR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ICON  investors who were adversely affected by alleged securities fraud between July 27, 2023 and January 13, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/icon-public-limited-company ...

Core Viewpoint - ICON PLC is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements and undisclosed business challenges impacting its financial performance [1][3]. Company Overview - ICON PLC is identified as a clinical research organization (CRO) [2][3]. Allegations - The lawsuit claims that ICON's management made false statements regarding the company's business health, including: - Suffering from significant business losses due to customer cost reductions and funding limitations [3]. - Inadequate protection from market downturns despite its Functional Service Provision (FSP) and hybrid model offerings [3]. - Misleading requests for proposals from biotechnology customers that did not reflect actual demand [3]. - Cancellations and reductions in contracts from customers, leading to a decline in new business engagements [3]. - Diversification of CRO providers by ICON's two largest customers [3]. - Misrepresentation of client demand through reported business metrics [3]. - Tracking below the 2024 revenue and EPS guidance, which lacked a factual basis [3]. Financial Performance - In Q3 2024, ICON reported revenues of $2.03 billion, missing consensus estimates by over $100 million [4]. - The company's net new business wins decreased from $2.6 billion to $2.3 billion sequentially, and the book-to-bill ratio fell from 1.22 to 1.15 [4]. - Following the financial disclosure, ICON's share price dropped by more than 20% over two trading sessions [4].

Core Viewpoint - Rosen Law Firm is reminding purchasers of ICON plc ordinary shares during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit, indicating potential compensation for affected investors [1][2]. Company Overview - ICON plc is facing allegations of making false and misleading statements regarding its business performance and client demand during the Class Period, which has led to significant investor losses [4]. Class Action Details - The lawsuit claims that ICON suffered a material loss of business due to customer cost reduction measures and funding limitations, which were not disclosed to investors [4]. - It is alleged that ICON's service offerings were insufficient to mitigate the adverse effects of a market downturn, and that requests for proposals were misrepresented as indicative of client demand [4]. - The lawsuit highlights that ICON's two largest customers were diversifying their CRO providers away from ICON, further impacting its business [4]. - As a result of these issues, ICON's reported business metrics were misleading, and the company was tracking below its revenue and earnings guidance for 2024 [4]. Legal Representation - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions, as many firms may not have the necessary experience or resources [3]. - Rosen Law Firm has a history of significant recoveries for investors, including over $438 million in 2019 alone [3].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of ICON Public Limited Company regarding a class action lawsuit due to alleged misleading statements and failures to disclose material information during the class period from July 27, 2023, to October 23, 2024 [1]. Allegations Summary - ICON is accused of suffering a material loss of business due to customer cost reduction measures and funding limitations impacting its client base [1]. - The company's functional service provision and hybrid model offerings were deemed insufficient to mitigate the adverse effects of a significant market downturn [1]. - Requests for proposals from biotechnology customers were primarily used as price discovery tools, not indicative of actual client demand [1]. - Customers canceled contracts, limited engagements, delayed clinical trial work, and failed to enter new contracts at historical rates [1]. - ICON's two largest customers were diversifying their clinical research organization providers away from the company [1]. - As a result of the above issues, ICON's reported net new business awards and book-to-bill metrics misrepresented actual client demand [1]. - Consequently, ICON was tracking significantly below the 2024 revenue and EPS guidance issued during the class period, which lacked a reasonable factual basis [1]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 11, 2025, to participate in the case without any cost or obligation [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against ICON plc due to allegations of misleading statements and failure to disclose significant business challenges, leading to a federal securities class action [2][4]. Company Performance - ICON reported third fiscal quarter revenues of $2.03 billion, missing consensus estimates of $2.13 billion by over $100 million [5][6]. - The company's net new business wins declined to $2.3 billion from $2.6 billion in the previous quarter, and the book-to-bill ratio fell from 1.22 to 1.15 [6]. Allegations Against ICON - Allegations include that ICON suffered a material loss of business due to customer cost reduction measures and funding limitations impacting its client base [4]. - The complaint states that ICON's service offerings were insufficient to mitigate the effects of a market downturn, and that requests for proposals were primarily used for price discovery rather than indicating actual client demand [4]. - It is claimed that ICON's largest customers were diversifying their contract research organization (CRO) providers away from ICON, leading to a misrepresentation of client demand metrics [4]. Legal Proceedings - Investors who suffered losses exceeding $75,000 in ICON between July 27, 2023, and October 23, 2024, are encouraged to discuss their legal rights with Faruqi & Faruqi [1]. - The deadline to seek the role of lead plaintiff in the class action is April 11, 2025 [2][7].

Core Viewpoint - Rosen Law Firm is reminding purchasers of ICON plc ordinary shares about the upcoming lead plaintiff deadline for a class action lawsuit, indicating potential compensation for affected investors [1][2]. Group 1: Class Action Details - The class action pertains to ICON plc ordinary shares purchased between July 27, 2023, and October 23, 2024, with a lead plaintiff deadline set for April 11, 2025 [1]. - Investors can join the class action without incurring out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must act by the specified deadline to serve as lead plaintiff [2]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]. Group 3: Allegations Against ICON - The lawsuit alleges that ICON made false and misleading statements regarding its business performance and client demand during the class period [4]. - Specific claims include that ICON suffered a material loss of business due to customer cost reductions and funding limitations, and that its service offerings were insufficient to mitigate market downturn impacts [4]. - The lawsuit also states that ICON's reported business metrics misrepresented actual client demand, leading to a significant discrepancy between reported guidance and actual performance [4].

Core Viewpoint - Rosen Law Firm is reminding purchasers of ICON plc ordinary shares during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit, indicating potential compensation for affected investors [1][2]. Group 1: Class Action Details - The Class Period for the lawsuit is from July 27, 2023, to October 23, 2024, inclusive [1]. - Investors who purchased shares during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by April 11, 2025 [2]. Group 2: Reasons for Selecting Rosen Law Firm - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions of dollars for investors [3]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [3]. Group 3: Allegations Against ICON plc - The lawsuit alleges that ICON made false and misleading statements regarding its business performance and client demand during the Class Period [4]. - Specific claims include that ICON suffered a material loss of business due to customer cost reductions and funding limitations, and that its service offerings were insufficient to mitigate market downturn impacts [4]. - The lawsuit also states that ICON's reported business metrics misrepresented actual client demand, leading to a significant discrepancy between reported guidance and actual performance [4].

Core Viewpoint - ClaimsFiler is reminding investors of the deadline to file lead plaintiff applications in securities class action lawsuits against ICON plc, with the class period defined as between July 27, 2023, and January 13, 2025 [1] Company Financial Performance - On October 23, 2024, ICON plc reported 3Q 2024 revenues of $2.03 billion, which was a revenue shortfall of over $100 million compared to consensus estimates of $2.13 billion [3] - The company experienced a decline in quarterly net new business wins to $2.3 billion and a decrease in the book-to-bill ratio from 1.22 to 1.15 due to cost containment measures by customers [3] - Following the financial results announcement, ICON's share price dropped from $280.76 on October 23, 2024, to $220.47 on October 25, 2024 [3] - On January 14, 2025, ICON disclosed financial guidance for 2025 that was below analysts' expectations, citing cautious spending from biopharma customers and challenges from its top two customers [3] - This announcement led to a further decline in share price from $217.99 on January 13, 2025, to $200.24 on January 14, 2025 [3] Legal Proceedings - The first-filed case against ICON plc is Shing v. ICON plc, No. 25-cv-00763, with a subsequent case updating the class period being Police and Fire Retirement System of the City of Detroit v. ICON plc, No. 25-cv-1807 [4]