Core Viewpoint - Class action lawsuits have been filed against Viatris Inc. and Canopy Growth Corporation, alleging that both companies made materially false and misleading statements regarding their business operations and financial prospects during specified class periods [2][3]. Viatris Inc. (NASDAQ: VTRS) - Class Period: August 8, 2024 – February 26, 2025 - Lead Plaintiff Deadline: June 3, 2025 - Allegations include failure to disclose the significant impact of a failed FDA inspection at the Indore facility, which affected the company's ability to manufacture and ship key products, particularly Lenalidomide [2]. - The complaint states that the positive statements made by the defendants regarding the company's business were materially misleading and lacked a reasonable basis [2]. Canopy Growth Corporation (NASDAQ: CGC) - Class Period: May 30, 2024 – February 6, 2025 - Lead Plaintiff Deadline: June 3, 2025 - Allegations include incurring significant costs related to the production of Claybourne pre-rolled joints and the Storz & Bickel vaporizer devices, which negatively impacted the company's gross margins and overall financial results [3]. - The complaint asserts that the defendants overstated the efficacy of cost reduction measures and downplayed issues affecting gross margins, leading to materially misleading statements about the company's business [3].
DEADLINE ALERT for VTRS and CGC: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders