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FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC Continues Lead Plaintiff Search for Viatris Inc. (VTRS) Securities Fraud Class Action
VTRSViatris(VTRS) GlobeNewswire News Room·2025-05-14 02:46

Core Viewpoint - Viatris Inc. is facing a securities class action lawsuit due to allegations of failing to disclose material information during the specified class period, leading to significant investor losses [4]. Group 1: Lawsuit Details - Investors who incurred losses exceeding 100,000frompurchasingViatrissecuritiesbetweenAugust8,2024,andFebruary26,2025,haveuntilJune3,2025,tofileleadplaintiffapplications[1].ThelawsuitispendingintheUnitedStatesDistrictCourtfortheWesternDistrictofPennsylvania,withthecasetitledQuinnv.ViatrisInc.,etal.,No.25cv466[5].Viatrisannounceddisappointingfiscal2025guidanceonFebruary27,2025,attributingthedeclinetoissuesrelatedtotheIndorefacility,whichcausedthestockpricetodropfrom100,000 from purchasing Viatris securities between August 8, 2024, and February 26, 2025, have until June 3, 2025, to file lead plaintiff applications [1]. - The lawsuit is pending in the United States District Court for the Western District of Pennsylvania, with the case titled Quinn v. Viatris Inc., et al., No. 25-cv-466 [5]. - Viatris announced disappointing fiscal 2025 guidance on February 27, 2025, attributing the decline to issues related to the Indore facility, which caused the stock price to drop from 11.24 to $9.53 per share [5]. Group 2: Legal Representation - Kahn Swick & Foti, LLC (KSF) is representing investors in this class action, and they are recognized as one of the top boutique securities litigation law firms in the nation [6]. - Investors may choose to serve as lead plaintiffs, allowing them to select lead counsel, direct litigation, and participate in settlement discussions [2]. Group 3: Company Background - Viatris is a publicly traded company that has faced scrutiny for its disclosure practices, which are now under legal examination due to the recent allegations [4]. - KSF has a history of serving various clients, including institutional and retail investors, in recovering losses from corporate fraud or malfeasance [6].