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ROSEN, REGARDED INVESTOR COUNSEL, Encourages Viatris Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – VTRS
VTRSViatris(VTRS) GlobeNewswire News Room·2025-05-17 17:48

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Viatris Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 3, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Viatris securities between August 8, 2024, and February 26, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 3, 2025 [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3]. Group 3: Case Background - The lawsuit alleges that during the Class Period, Viatris provided misleading information regarding the failed inspection of its Indore, India facility, including the issuance of an FDA warning letter that impacted the shipment of eleven products [4]. - Defendants allegedly downplayed the significance of the warning letter, referring to it as a "minor headwind," while failing to disclose critical details about the inspection, remediation efforts, and the financial implications for Viatris [5].