Labaton Keller Sucharow LLP Files Securities Class Action Against Avantor, Inc. and Certain of Its Executives

Core Viewpoint - Labaton Keller Sucharow LLP has filed a securities class action lawsuit against Avantor, Inc. and certain executives, alleging misleading statements regarding supply chain issues and financial performance during the class period from March 5, 2024, to October 28, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of the City of Pontiac Reestablished General Employees Retirement System and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1]. - The complaint expands upon a previously filed action, adding allegations against Jonathan Peacock and Steven Eck for misleading investors about supply chain failures and overstated goodwill related to the acquisition of VWR Corporation [2]. - Investors are required to file a motion for appointment as Lead Plaintiff by December 29, 2025, as per the Private Securities Litigation Reform Act of 1995 [2]. Group 2: Company Background - Avantor, Inc. is a laboratory supply company based in Radnor, Pennsylvania, which underwent a significant acquisition of VWR in 2017, transforming it into a global distribution platform [3]. - The company has implemented proprietary operating practices known as the Avantor Business System (ABS) to manage its complex supply chain [3]. Group 3: Allegations Against Defendants - The lawsuit alleges that Avantor underinvested in supply chain infrastructure, leading to delayed order fulfillment and customer attrition, which resulted in a loss of market share [4]. - It is claimed that the goodwill assigned to the VWR acquisition was materially overstated due to these operational failures [4]. - Defendants allegedly made false statements regarding the ABS strategy and overall business prospects, which lacked a reasonable basis [4]. Group 4: Financial Impact - On October 29, 2025, Avantor reported a net loss of $712 million for Q3 2025, attributing this to operational challenges including raw material availability and equipment uptime [5]. - The company also disclosed a goodwill impairment charge of $785 million related to its Lab Solutions segment, partly due to losing several large accounts to competitors [6].