EGRX NEWS: Johnson Fistel Encourages Eagle Pharmaceuticals Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline
Johnson Fistel, LLP notifies investors of Eagle Pharmaceuticals, Inc. (“Eagle Pharmaceuticals” or the “Company”) (NASDAQ: EGRX) that a securities class action lawsuit has been filed. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company was experiencing slower-than-anticipated pull-though from a wholesale customer predominantly due to expiry of inventory; (2) that, as a result, the Company had overstated its revenue; (3) that the Company did not have effective internal controls and procedures over financial reporting as to PEMFEXY sales; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The lawsuit seeks to recover losses on behalf of investors who acquired securities between August 8, 2023 and November 28, 2023. Investors have until February 9, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
If you would like to review the complaint and join the class action please follow the link below for more information:
Eagle Pharmaceuticals, Inc.
There is no cost or obligation to you.
What can Investors Do: Shareholders who incurred losses during the class period, have until February 9, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Johnson Fistel, LLP
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James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
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