Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Aug. 28, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Baxter International Inc. (“Baxter” or the “Company”) BAX investors that a lawsuit filed on behalf of investors that purchased Baxter securities between May 25, 2022 and February 8, 2023, both dates inclusive (the “Class Period”).
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
According to the complaint, the defendants are accused of making false and/or deceptive statements or failing to disclose the following: (i) The Company hid the true extent of its supply chain issues while exaggerating its ability to maintain a strong supply chain amidst global pressures; (ii) Consequently, the Company’s projected earnings were significantly misleading during the Class Period; (iii) Once these issues were revealed, they were expected to have a substantial negative impact on the Company’s financial condition; and (iv) As a result, the Company’s public statements were materially false and deceptive throughout the relevant period. As a consequence, Baxter’s stock price experienced a decline of approximately 50% during the Class Period, resulting in the loss of billions of dollars in market capitalization.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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