Core Viewpoint - ICON Public Limited Company (NASDAQ: ICLR) is facing allegations of issuing materially false and misleading statements during the class period from July 27, 2023, to October 23, 2024, which has led to significant business losses and misrepresentation of client demand [3][4]. Group 1: Allegations Against ICON - The complaint alleges that ICON suffered a material loss of business due to customer cost reduction measures and funding limitations impacting its client base [3]. - ICON's functional service provision and hybrid model offerings were insufficient to protect the company from a significant market downturn [3]. - Requests for proposals from biotechnology customers were primarily used as price discovery tools, not indicative of actual client demand [3]. - Customers canceled contracts, limited engagements, delayed clinical trial work, and failed to enter into new contracts at historical rates [3]. - ICON's two largest customers were diversifying their clinical research organization providers away from the company [3]. - As a result of the above factors, ICON's reported net new business awards and book-to-bill metrics materially misrepresented client demand for its services [3]. - Consequently, ICON was tracking materially below the 2024 revenue and EPS guidance issued during the class period, which lacked a reasonable factual basis [3]. Group 2: Class Action Details - Shareholders who purchased shares of ICLR during the class period are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1][4]. - The deadline for shareholders to register for the class action is April 11, 2025 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software for status updates throughout the case lifecycle [4].

Core Viewpoint - ICON PLC is facing a class action lawsuit due to alleged misleading statements and undisclosed issues that have materially affected its business performance during the specified class period [3][4]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased ICON securities between July 27, 2023, and October 23, 2024, with a deadline of April 11, 2025, for filing a lead plaintiff motion [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation regarding their legal rights and options for recovering losses [2]. Group 2: Business Performance Issues - ICON has reportedly suffered significant business losses due to customer cost-cutting measures and broader funding constraints, which have impacted its client base [3]. - The company's claims regarding its Functional Service Provision (FSP) and hybrid model offerings were found to be inadequate, as many biotechnology customers used ICON's proposals primarily for price discovery rather than actual demand [3][4]. - Major clients canceled contracts and reduced clinical trial work, leading to a decline in new agreements and a misrepresentation of actual client demand in ICON's reported metrics [4]. Group 3: Financial Results and Market Reaction - On October 23, 2024, ICON reported third-quarter revenue of $2.03 billion, which was over $100 million below consensus estimates, alongside a decline in net new business wins and a drop in the book-to-bill ratio [5]. - CEO Stephen Cutler acknowledged that two major pharmaceutical customers had significantly reduced FSP trial work due to ongoing cost containment measures, which would continue to negatively impact financial performance [5]. - Following the financial results announcement, ICON's stock price dropped more than 20% over two trading sessions [5].

SAN DIEGO, March 24, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers of ICON PLC (NASDAQ: ICLR) ordinary shares between July 27, 2023 and October 23, 2024, both dates 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 the ...

NEW YORK, March 24, 2025 /PRNewswire/ -- 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=137689&from=4 CLASS PE ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In ICON To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in ICON between July 27, 2023 and October 23, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, March 23, 2025 (GLOBE NEWSWIR ...

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 without upfront costs [1][2]. Group 1: Class Action Details - The Class Period for the lawsuit is from July 27, 2023, to October 23, 2024, and the lead plaintiff deadline is April 11, 2025 [1]. - Investors can join the class action by submitting a form or contacting the law firm directly [2][5]. - 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 has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [3]. - The firm has been consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions for investors, with over $438 million secured in 2019 alone [3]. - Founding partner Laurence Rosen has received recognition as a leading figure in the plaintiffs' bar, further establishing the firm's credibility [3]. Group 3: Allegations Against ICON plc - The lawsuit alleges that ICON made false and misleading statements regarding its business performance, including a material loss of business due to client funding limitations [4]. - It is claimed that ICON's service offerings were inadequate to mitigate the effects of a market downturn, and that client demand was misrepresented [4]. - The lawsuit also states that ICON's largest customers were diversifying away from the company, leading to a significant discrepancy between reported business metrics and actual client demand [4].

Core Viewpoint - A securities class action lawsuit has been filed against ICON Public Limited Company for allegedly making false and misleading statements regarding its business operations and financial health during the specified Class Period from July 27, 2023, to October 23, 2024 [1]. Group 1: Allegations Against ICON - 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 hybrid model offerings were inadequate to protect the company from a significant market downturn [3]. - The requests for proposals from biotechnology customers were reportedly used as price discovery tools rather than reflecting actual client demand [3]. - Customers of ICON are said to have canceled contracts, reduced engagements, and delayed clinical trial work, impacting new contract opportunities [3]. - The two largest customers of ICON were diversifying their service providers away from the company [3]. - As a result of these issues, ICON's reported net new business awards and book-to-bill metrics were claimed to misrepresent actual client demand [3]. - The positive statements made by ICON regarding its business and prospects were deemed materially misleading [3]. Group 2: Legal Process and Participation - Investors in ICON have until April 11, 2025, to seek appointment as a lead plaintiff representative in the class action lawsuit [4]. - A lead plaintiff is typically the investor or group of investors with the largest financial interest and who are representative of the class [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4].

NEW YORK, March 21, 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. 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-c ...

RADNOR, Pa., March 21, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against ICON Public Limited Company ("ICON") (NASDAQ: ICLR) on behalf of all purchasers of ICON ordinary shares between July 27, 2023 and October 23, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is April 11, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:     If you suffered ICON losses, you may CLICK HERE  ...

LOS ANGELES, March 19, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against ICON Public Limited Company ("Icon" or "the Company") (NASDAQ: ICLR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between July 27, 2023 and October 23, 2024, inclusive (the "Class Peri ...