ICON plc(US:ICLR) GlobeNewswire News Room·2025-03-23 12:52Core 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].