ICON plc(ICLR)
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ICLR IMPORTANT DEADLINE: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages ICON plc Investors with Losses in Excess of $100K to Secure Counsel Before Important April 11 Deadline in Securities Class Action – ICLR
GlobeNewswire News Room· 2025-04-04 23:14
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].
ICLR Deadline: ICLR Purchasers with Losses in Excess of $100K Have Opportunity to Lead ICON plc Securities Fraud Lawsuit
Prnewswire· 2025-04-03 22:35
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].
ICON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against ICON plc - ICLR
GlobeNewswire News Room· 2025-04-03 21:03
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]
Shareholders that lost money on ICON Public Limited Company (ICLR) Urged to Join Class Action – Contact The Gross Law Firm to Learn More
GlobeNewswire News Room· 2025-04-03 17:03
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 a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from July 27, 2023, to October 23, 2024 [3]. - Allegations include that ICON suffered a material loss of business due to customer cost reduction measures and funding limitations impacting its client base [3]. - It is claimed that ICON's service offerings were insufficient to mitigate the effects of a significant market downturn [3]. - Requests for proposals from biotechnology customers were reportedly used as price discovery tools rather than indicative of actual client demand [3]. - Customers canceled contracts, limited engagements, and delayed clinical trial work, failing to enter new contracts at historical rates [3]. - The two largest customers of ICON were diversifying their clinical research organization providers away from the company [3]. - As a result of these issues, ICON's reported business metrics misrepresented actual client demand [3]. - The company was tracking below the 2024 revenue and EPS guidance issued during the class period, which lacked a reasonable factual basis [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 11, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates throughout the lifecycle of the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
The Gross Law Firm Notifies Shareholders of ICON Public Limited Company(ICLR) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-04-03 09:45
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 undisclosed material losses during a specified class period [1]. Allegations Summary - ICON experienced a significant loss of business attributed to customer cost reduction measures and funding limitations affecting its client base [1]. - The company's service provision and hybrid model offerings were inadequate to mitigate the impacts of a market downturn [1]. - Requests for proposals from biotechnology customers were primarily used for price discovery rather than reflecting actual client demand [1]. - Customers canceled contracts, reduced engagements, and delayed clinical trial work, leading to a decline in new contracts at historical rates [1]. - ICON's two largest customers began diversifying their clinical research organization providers away from the company [1]. - The reported net new business awards and book-to-bill metrics misrepresented actual client demand for ICON's services [1]. - As a result of the above factors, ICON's performance was significantly below the 2024 revenue and EPS guidance provided 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 receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit 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 [3].
ICLR DEADLINE: ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages ICON plc Investors to Secure Counsel Before Important April 11 Deadline in Securities Class Action – ICLR
GlobeNewswire News Room· 2025-04-01 18:19
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 without upfront costs [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][2]. - Investors can join the class action by submitting a form or contacting the law firm directly for more information [2][5]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success and recognition in this field [3]. - The firm has achieved significant settlements in the past, including over $438 million for investors in 2019, and has been consistently ranked among the top firms for securities class action settlements [3]. Group 3: Allegations Against ICON - The lawsuit alleges that ICON made false and misleading statements regarding its business performance, including a material loss of business due to customer cost reductions and funding limitations [4]. - Specific claims include that ICON's service offerings were inadequate to mitigate market downturn impacts, and that client demand was misrepresented, leading to a significant discrepancy between reported metrics and actual performance [4].
ICON Public Limited Company Class Action: Levi & Korsinsky Reminds ICON Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 11, 2025 – ICLR
GlobeNewswire News Room· 2025-04-01 17:42
NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in ICON Public Limited Company ("ICON " or the "Company") (NASDAQ: ICLR) of a class action securities lawsuit. https://zlk.com/pslra-1/icon-public-limited-company-lawsuit-submission-form?prid=139916&wire=3 ICLR investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or conceale ...
ICLR INVESTOR NOTICE: ICON PLC Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-04-01 17:05
SAN DIEGO, April 1, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of ICON PLC (NASDAQ: ICLR) ordinary shares between July 27, 2023 and October 23, 2024, inclusive (the "Class Period"), have until Friday, April 11, 2025 to seek appointment as lead plaintiff of the ICON class action lawsuit. Captioned Shing v. ICON plc, No. 25-cv-00763 (E.D.N.Y.), the ICON class action lawsuit charges ICON as well as certain of ICON's top executive officers with violations of ...
ICON Public Limited Company Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 11, 2025 to Discuss Your Rights - ICLR
Prnewswire· 2025-04-01 09:45
NEW YORK, April 1, 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 October 23, 2024. 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-compan ...
The Gross Law Firm Reminds ICON Public Limited Company Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 11, 2025 – ICLR
GlobeNewswire News Room· 2025-03-31 17:05
NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of ICON Public Limited Company (NASDAQ: ICLR). Shareholders who purchased shares of ICLR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/icon-public-limited-company-loss-submission-form/? id=139430&from=3 C ...