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][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled New England Teamsters Pension Fund v. West Pharmaceutical Services, Inc., and it covers purchasers of West Pharmaceutical common stock from February 16, 2023, to February 12, 2025 [1]. - Investors have until July 7, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that West Pharmaceutical made false statements regarding customer demand and the performance of its high-margin products, particularly the SmartDose device [3]. Group 2: Allegations and Financial Impact - The lawsuit claims that West Pharmaceutical was experiencing significant destocking in its High-Value Products portfolio, contrary to its public statements [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 [4]. - The company attributed its disappointing guidance to the loss of two major continuous glucose monitoring (CGM) customers and operational inefficiencies related to the SmartDose device, which is expected to be margin dilutive in 2025 [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased West Pharmaceutical common stock during the class period to seek lead plaintiff status [5]. - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is recognized as a leading firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [6].
WST INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that West Pharmaceutical Services, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit