Press release
Lawsuit filed for Investors in shares of Baxter International Inc. (NYSE: BAX)
A lawsuit was filed on behalf of investors in Baxter International Inc. (NYSE: BAX) shares over alleged securities laws violations
Investors who purchased a significant amount of shares of Baxter International Inc. (NYSE: BAX) have certain options and for certain investors are short and strict deadlines running. Deadline: September 11, 2023. NYSE: BAX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Deerfield, IL based Baxter International Inc., through its subsidiaries, develops and provides a portfolio of healthcare products worldwide. On February 9, 2023, before the market opened, Baxter International Inc. released its fourth quarter and full year 2022 financial results, revealing that the Company did not meet its earning guidance for the year. The Company claimed that "supply chain headwinds continue to weigh on business performance.
Shares of Baxter International Inc. (NYSE: BAX) declined from $62.12 per share on August 19, 2022 to as low as $37.35 per share on March 17, 2023.
According to the complaint the plaintiff alleges on behalf of purchasers of Baxter International Inc. (NYSE: BAX) common shares between May 25, 2022 and February 8, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 25, 2022 and February 8, 2023, the defendants made false statements and/or concealed that: (i) the Company concealed the true extent of the supply chain problems it was experiencing while simultaneously exaggerating its ability to maintain a healthy supply chain in the face of global pressures; (ii) as a result, the Company's projected earnings were materially misleading during the Class Period; (iii) the foregoing, once revealed, was reasonably likely to have a material negative impact on the Company's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times
Those who purchased shares of Baxter International Inc. (NYSE: BAX) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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