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ORGANON SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Organon & Co. - OGN
OGNOrganon & (OGN) GlobeNewswire News Room·2025-05-28 02:12

Core Viewpoint - A securities class action lawsuit has been filed against Organon & Co. for failing to disclose material information, leading to significant financial losses for investors during the specified Class Period [3][4]. Group 1: Lawsuit Details - Investors who purchased Organon securities between October 31, 2024, and April 30, 2025, have until July 22, 2025, to file lead plaintiff applications [1][2]. - The lawsuit alleges that Organon and certain executives violated federal securities laws by not disclosing critical information during the Class Period [3]. Group 2: Financial Impact - On March 10, 2025, Organon announced a drastic reduction in its dividend payout from $0.28 to $0.02, which contradicted previous assurances to investors regarding the importance of maintaining the dividend [4]. - Following the announcement, Organon's share price plummeted over 27%, dropping from $12.93 on April 30, 2025, to $9.45 on May 1, 2025 [4]. Group 3: Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the investors in this case [5]. - The firm has a strong track record, being ranked among the top 10 firms nationally based on total settlement value [5].