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 Mylan N.V. who purchased shares between May 9, 2018 and May 6, 2019.
Mylan and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 7, 2019, the Company disclosed disappointing 1Q2019 financial results, including that “North America segment net sales … [were] down 6% on an actual and constant currency basis, primarily driven by changes in the competitive environment and the impact of the Morgantown plant remediation activities.”
On this news, the price of Mylan’s shares plummeted.
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 February 14, 2020 to request that the court appoint them lead plaintiff.