Class Action Filed Against ICON Public Limited Company (ICLR) - April 11, 2025 Deadline to Join – Contact The Gross Law Firm

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].