Novo Nordisk(US:NVO) Globenewswire·2025-09-15 20:00Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Novo Nordisk A/S regarding a class action lawsuit due to allegations of misleading statements about the company's growth potential and subsequent stock price decline [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that Novo Nordisk provided overly positive statements while concealing material adverse facts about its growth potential, particularly regarding the compounded GLP-1 market and the likelihood of patients switching to its branded alternatives [3]. - The company overstated its capability to penetrate the GLP-1 market, which led to inflated expectations among investors [3]. Stock Performance - Following the announcement on July 29, 2025, that Novo would lower its sales and profit outlook due to "lowered growth expectations for the second half of 2025," the stock price fell dramatically from $69.00 per share to $53.94 per share, a decline of approximately 21.83% in one day [3]. Class Action Details - The class period for the lawsuit is from May 7, 2025, to July 28, 2025, and shareholders are encouraged to register for participation by September 30, 2025 [4]. - There is no cost or obligation for shareholders to participate in the case, and they will receive updates through a portfolio monitoring software [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights and ensuring companies adhere to responsible business practices [5].