Avantor(US:AVTR) Globenewswire·2025-12-09 23:00Core Viewpoint - The lawsuit against Avantor, Inc. alleges that the company made materially false and misleading statements regarding its business operations and competitive positioning, leading to significant financial losses for investors during the specified class period [3]. Summary by Sections Lawsuit Details - The class action lawsuit is on behalf of investors who purchased Avantor securities from March 5, 2024, to October 28, 2025, alleging that the company misrepresented its competitive position and failed to disclose adverse effects from increased competition [3]. Financial Performance - On April 25, 2025, Avantor reported weak first quarter results, cutting its 2025 guidance and announcing the resignation of its CEO, resulting in a share price drop of $2.57, or approximately 16.5%, from $15.50 to $12.93 [4]. - On August 1, 2025, the company reported disappointing second quarter results with a year-over-year decrease in net sales and further reduced guidance, leading to a share price decline of $2.08, or approximately 15.48%, from $13.44 to $11.36 [5]. - On October 29, 2025, Avantor disclosed weak third quarter results, including a -5% organic revenue growth and a net loss of $712 million due to a non-cash goodwill impairment charge of $785 million, causing shares to drop by $3.50, or approximately 23.2%, from $15.08 to $11.58 [6].