Charles River Laboratories Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Charles River Laboratories International, Inc. - CRL

Core Viewpoint - Kahn Swick & Foti, LLC has initiated an investigation into Charles River Laboratories International, Inc. following legal issues related to the company's supply chain practices and securities disclosures [1][3]. Group 1: Legal Issues - In February 2023, Charles River disclosed it received a subpoena from the U.S. Department of Justice regarding an investigation into the illegal importation of non-human primates, leading to a voluntary suspension of shipments from Cambodia [2]. - The suspension is expected to negatively impact the company's earnings for the year, reducing revenue growth by 200 to 400 basis points [2]. - Following the subpoena, Charles River and certain executives were sued in a securities class action lawsuit for failing to disclose material information, which is still ongoing [3]. Group 2: Investigation Focus - KSF's investigation is centered on whether Charles River's officers and/or directors breached their fiduciary duties to shareholders or violated state or federal laws [3].