Press release
Lawsuit filed for Investors who lost money with shares of AstraZeneca PLC (NASDAQ: AZN)
A lawsuit was filed on behalf of investors in AstraZeneca PLC (NASDAQ: AZN) shares over alleged securities laws violations.
Investors who purchased a significant amount of shares of AstraZeneca PLC (NASDAQ: AZN) between February 23, 2022 and December 17, 2024, have certain options and for certain investors are short and strict deadlines running. Deadline: February 21, 2025. NASDAQ: AZN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On October 30, 2024, AstraZeneca PLC disclosed that its International Executive Vice President and China President, Leon Wang, was under investigation by Chinese Authorities.
Then, on November 5, 2024, news outlets reported that a fraud investigation linked to AstraZeneca PLC had expanded to several Chinese government agencies, implicating dozens of senior executives at the Company.
Then, on December 18, 2024, Financial Times reported that Wang had been arrested and that AstraZeneca "expect[ed] to see an 'evident' revenue hit in China in the wake of the arrest," stating that "the sales impact is already very evident."
Shares of AstraZeneca PLC (NASDAQ: AZN) declined from $87.68 per share on August 30, 2024, to as low as $62.75 per share on November 18, 2024.
The plaintiff claims that between February 23, 2022 and December 17, 2024, the defendants made materially false and/or misleading statements and/or failed to disclose that AstraZeneca engaged in insurance fraud in China, that as a result, AstraZeneca faced heightened legal exposure in China, which eventually resulted in the AstraZeneca China President being detained by Chinese law enforcement authorities, that as a result, AstraZeneca understated its legal risks, that the foregoing, once revealed, could materially harm AstraZeneca's business activities in China, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of AstraZeneca PLC (NASDAQ: AZN) 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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