Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Western District of Pennsylvania on behalf of shareholders of Viatris Inc. who purchased shares between August 8, 2024 and February 26, 2025.
Viatris and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 27, 2025, the Company announced its financial results for the fourth quarter and full fiscal year 2024, disclosing disappointing fiscal 2025 guidance, which the Company attributed to “the expected financial impact from Indore facility warning letter and import alert.” On this news, the price of Viatris’ shares fell from $11.24 per share on February 26, 2025, Viatris’ stock price fell to $9.53 per share on February 27, 2025.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until June 3, 2025 to request that the court appoint them lead plaintiff.