BAX INVESTOR ALERT: Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Baxter International, Inc. (NYSE: BAX) Shareholders
NEWTOWN, PA, August 3, 2023 — The law firm of Edelson Lechtzin LLP is investigating securities fraud claims on behalf of all purchasers and holders of Baxter International, Inc. (“Baxter”) (NYSE: BAX) common stock between May 12, 2022, and February 8, 2023, both dates inclusive (the “Class Period”).
Investors who purchased Baxter International, Inc. common stock may move the U.S. District Court for the Northern District of Illinois to appoint them as lead plaintiff, no later than September 11, 2023. Current holders of Baxter stock may pursue corporate governance reforms. Please contact Edelson Lechtzin LLP at 844-696-7492 to discuss your investment losses, or by e-mail at [email protected]. A copy of the class action complaint can be viewed HERE.
Background on Baxter International, Inc.
Baxter is a healthcare organization headquartered in Deerfield, Illinois, with a core focus on the development of products aimed at treating kidney disease, as well as a range of chronic and acute medical conditions.
The Securities Fraud Claims
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or material omissions regarding the Company’s business, operations, and prospects. Specifically, Defendants concealed the true extent of the supply chain problems Baxter was experiencing while simultaneously exaggerating the company’s ability to maintain a healthy supply chain in the face of global pressures. As a result, the company’s projected earnings were materially false and misleading during the Class Period. When the truth was finally revealed, on February 9, 2023, Baxter shareholders incurred losses of nearly $1.25 billion on extremely heavy volume.
For more information, please contact:
Marc H. Edelson, Esq.
Eric Lechtzin, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 or 215-867-2399 ext. 1
Email: [email protected]
Email: [email protected]
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and data breaches.
This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.