Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Avantor, Inc. due to allegations of misleading statements regarding the company's competitive position and financial performance during a specified class period [2][5]. Group 1: Allegations and Misleading Statements - The complaint alleges that Avantor and its executives violated federal securities laws by making false and misleading statements about the company's competitive positioning and the impact of increased competition [5][6]. - During an earnings call on July 26, 2024, the then-CEO Michael Stubblefield assured investors of Avantor's strong competitive position, despite evidence to the contrary [6]. Group 2: Financial Performance and Stock Impact - On April 25, 2025, Avantor reported disappointing Q1 2025 results, cutting its guidance and announcing Stubblefield's resignation, which led to a stock price decline of over 16.5% [7]. - The company continued to report poor financial results, including a year-over-year decrease in net sales and a further reduction in guidance, resulting in a stock price drop of more than 15% on August 1, 2025 [8][9]. - In Q3 2025, Avantor reported a net loss of $712 million, primarily due to a non-cash goodwill impairment charge of $785 million, attributed to competitive pressures, causing a further decline in stock price of over 23% [10][11].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Avantor