Credit: phonlamaiphoto/stock.adobe.com Shareholder Suit Alleges Viatris Failed to Inform Market of Plans to Sell Biosimilars Portfolio
This suit was surfaced by Law.com Radar. Read the complaint here.
September 05, 2023 at 11:15 AM
1 minute read
Viatris Inc. and its board of directors were hit with a shareholder derivative lawsuit on Aug. 28 in Pennsylvania Western District Court. The lawsuit, brought by the Law Office of Leon Aussprung and the Rosen Law Firm on behalf of Don Masters, accuses the defendants of reporting false information regarding the company's transition plans. According to the suit, the company failed to inform the financial markets that it intended to sell its biosimilars portfolio, thus decreasing the company's stock price by 24 percent. The case is 2:23-cv-01553, Masters v. Goettler.
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