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WEST PHARMACEUTICAL ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against West Pharmaceutical Services, Inc. and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-05-09 01:00
Core Viewpoint - A class action lawsuit has been filed against West Pharmaceutical Services, Inc. for allegedly making false statements and failing to disclose significant issues affecting its financial performance during the Class Period from February 16, 2023, to February 12, 2025 [1][3]. Group 1: Allegations of Misleading Statements - The lawsuit claims that West Pharmaceutical misrepresented its visibility into customer demand and attributed challenges to temporary COVID-related product destocking, while it was actually facing ongoing destocking in its High-Value Products portfolio [3]. - It is alleged that the SmartDose device, which was marketed as a high-margin growth product, negatively impacted profit margins due to operational inefficiencies [3]. - The lawsuit also points out that these margin pressures could lead to costly restructuring activities, including the company's exit from continuous glucose monitoring contracts with long-standing customers [3]. Group 2: Financial Forecast and Market Reaction - On February 13, 2025, West Pharmaceutical issued a revenue forecast for 2025 between $2.88 billion and $2.91 billion, which was significantly below market expectations [4]. - The disappointing guidance was attributed to challenges in Contract Manufacturing, including the loss of two major continuous glucose monitoring customers transitioning to in-house manufacturing [4]. - Following the announcement, West Pharmaceutical's stock price fell by more than 38% [4].
WST Investors Have Opportunity to Lead West Pharmaceutical Services, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-05-08 22:51
LOS ANGELES, May 8, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against West Pharmaceutical Services, Inc. ("West" or "the Company") (NYSE: WST) 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 February 16, 2023 and February 12, 2025, inclusive (the "Clas ...
Levi & Korsinsky Notifies West Pharmaceutical Services, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – WST
GlobeNewswire News Room· 2025-05-08 17:50
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in West Pharmaceutical Services, Inc. ("West Pharmaceutical Services, Inc." or the "Company") (NYSE: WST) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of West Pharmaceutical Services, Inc. investors who were adversely affected by alleged securities fraud between February 16, 2023 and February 12, 2025. Follow the link below to get more information and be contacted by a ...
WST INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that West Pharmaceutical Services, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2025-05-08 13:25
Core Viewpoint - The West Pharmaceutical Services, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements and operational inefficiencies that led to significant financial losses for investors during the specified class period [1][3]. Group 1: Allegations and Financial Impact - The lawsuit claims that West Pharmaceutical misrepresented its visibility into customer demand and failed to disclose ongoing destocking issues in its High-Value Products portfolio, which negatively impacted profit margins [3]. - The company’s SmartDose device, initially positioned as a high-margin growth product, was revealed to be dilutive to profit margins due to operational inefficiencies [3]. - On February 13, 2025, West Pharmaceutical issued a revenue forecast of $2.88 billion to $2.91 billion for 2025, which was significantly below market expectations, leading to a stock price drop of over 38% [4]. Group 2: Class Action Process - Investors who purchased West Pharmaceutical common stock during the class period have until July 7, 2025, to seek appointment as lead plaintiff in the class action lawsuit [1][5]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [5]. Group 3: Company Background - West Pharmaceutical designs, manufactures, and sells containment and delivery systems for injectable drugs and healthcare products [2]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized as a leading firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6].
WST LAWSUIT ALERT: The Gross Law Firm Notifies West Pharmaceutical Services, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-05-08 09:45
NEW YORK, May 8, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of West Pharmaceutical Services, Inc. (NYSE: WST).Shareholders who purchased shares of WST 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/west-pharmaceutical-services-inc-loss-submission-form/?id=147325&from=4 CLAS ...
Shareholder Alert: Robbins LLP Informs Investors of the West Pharmaceutical Services, Inc. Class Action Lawsuit
Prnewswire· 2025-05-07 21:37
SAN DIEGO, May 7, 2025 /PRNewswire/ -- Robbins LLP informs stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired West Pharmaceutical Services, Inc. (NYSE: WST) common stock between February 16, 2023 and February 12, 2025. West is a medical supplies company that specializes in the development, manufacture, and distribution of elastomer-based supplies for the containment and administration of injectable drugs.For more information, submit a form, ...
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against West Pharmaceutical Services, Inc. (WST)
GlobeNewswire News Room· 2025-05-07 00:00
Core Viewpoint - A securities class action lawsuit has been filed against West Pharmaceutical Services, Inc. for failing to disclose significant operational issues and misleading investors regarding the company's financial health during the class period from February 16, 2023, to February 12, 2025 [1] Group 1: Allegations Against the Company - The complaint alleges that the company did not disclose ongoing destocking issues in its high-margin High-Value Products portfolio, contrary to claims of strong visibility into customer demand [2] - It is claimed that the SmartDose device, positioned as a high-margin growth product, was actually dilutive to profit margins due to operational inefficiencies [2] - The margin pressures led to risks of costly restructuring activities, including the exit from continuous glucose monitoring contracts with long-standing customers [2] - Positive statements made by the company regarding its business and prospects were materially false or misleading [2] Group 2: Impact of Disclosures - The truth about the company's financial struggles was revealed on February 13, 2025, when it issued weak revenue and earnings forecasts for 2025 [3] - The company attributed its disappointing guidance to contract manufacturing headwinds and the loss of two major glucose monitoring customers transitioning to in-house manufacturing [3] - The SmartDose wearable injector devices were indicated to be margin-dilutive in 2025, prompting the company to consider various options to improve its economics [3] - Following these disclosures, the company's stock price fell by $123.17 per share, a decline of 38%, closing at $199.11 on February 13, 2025 [3]
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in West Pharmaceutical Services, Inc. of Class Action Lawsuit and Upcoming Deadlines - WST
Prnewswire· 2025-05-06 22:35
Core Viewpoint - A class action lawsuit has been filed against West Pharmaceutical Services, Inc. for potential securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves allegations against West and certain officers and/or directors regarding securities fraud or other unlawful business practices [2]. - Investors who purchased West securities during the Class Period can request to be appointed as Lead Plaintiff by July 7, 2025 [3]. Group 2: Financial Performance - On February 13, 2025, West issued weak revenue and earnings forecasts for 2025, attributing the disappointing guidance to challenges in its Contract Manufacturing segment [3]. - The company lost two major continuous glucose monitoring customers who transitioned to in-house manufacturing, which West did not participate in due to unmet financial thresholds [3]. - West's SmartDose wearable injector devices are expected to be "margin dilutive" in 2025, prompting the company to consider various options to improve its economics [3]. - Following the announcement, West's stock price dropped by $123.17 per share, or 38.2%, closing at $199.11 per share on February 13, 2025 [3].
WST INVESTOR ALERT: West Pharmaceutical Services, Inc. Investors with Substantial Losses Have Opportunity to Lead the West Pharmaceutical Class Action Lawsuit
Prnewswire· 2025-05-06 22:08
SAN DIEGO, May 6, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of West Pharmaceutical Services, Inc. (NYSE: WST) common stock between February 16, 2023 and February 12, 2025, inclusive (the "Class Period"), have until July 7, 2025 to seek appointment as lead plaintiff of the West Pharmaceutical class action lawsuit. Captioned New England Teamsters Pension Fund v. West Pharmaceutical Services, Inc., No. 25-cv-02285 (E.D. Pa.), the West Pharmaceutical class acti ...
West Pharmaceutical(WST) - 2025 Q1 - Quarterly Report
2025-04-24 20:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Registrant's telephone number, including area code: 610-594-2900 Commission File Number 1-8036 WEST PHARMACEUTICAL SERVICES, INC. (Exact name of registrant ...