NEW
YORK, Aug. 11, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of Baxter
International Inc. (NYSE: BAX).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/baxter-class-action-loss-submission-form/?id=43311&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Baxter between May 25, 2022
and February 8, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
September 11, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Baxter International Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) the Company concealed the true extent of the
supply chain problems it was experiencing while simultaneously
exaggerating its ability to maintain a healthy supply chain in the
face of global pressures; (ii) as a result, the Company's projected
earnings were materially misleading during the Class Period; (iii)
the foregoing, once revealed, was reasonably likely to have a
material negative impact on the Company's financial condition; and
(iv) as a result, the Company's public statements were materially
false and misleading at all relevant times. Over the course of the
Class Period, Baxter's stock price declined by nearly 50%,
eliminating billions of dollars in market capitalization.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law