If you suffered losses in Eagle Pharmaceuticals stock, contact Eagle Pharmaceuticals stock loss lawyer Timothy L. Miles
introduction to THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT
The Eagle Pharmaceuticals class action lawsuit seeks to represent purchasers or acquirers of Eagle Pharmaceuticals, Inc. (NASDAQ: EGRX) securities between August 8, 2023 and November 28, 2023, inclusive (the “Class Period”). Captioned Miller v. Eagle Pharmaceuticals, Inc., No. 23-cv-23011 (D.N.J.), the Eagle Pharmaceuticals class action lawsuit charges Eagle Pharmaceuticals and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in Eagle Pharmaceuticals stock and wish to serve as lead plaintiff in the Eagle Pharmaceuticals class action lawsuit, please contact Eagle Pharmaceuticals Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Eagle Pharmaceuticals class action lawsuit class action lawsuit must be filed with the court no later than February 9, 2024. In this ultimate guide, we will discuss everything a Eagle Pharmaceuticals investor needs to know about the Eagle Pharmaceuticals class action lawsuit. the ALLEGATIONS IN THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT
Eagle Pharmaceuticals has several commercialized products, including PEMFEXY, which is a metabolic inhibitor used in combination with chemotherapy for the initial treatment of certain genomic tumor aberrations.
The Eagle Pharmaceuticals class action lawsuit alleges that, throughout the Class Period, defendants failed to disclose that: (i) Eagle Pharmaceuticals was experiencing slower than anticipated pull-though from a wholesale customer predominantly due to expiry of inventory; (ii) as a result, Eagle Pharmaceuticals had overstated its revenue; and (iii) Eagle Pharmaceuticals did not have effective internal controls and procedures over financial reporting as to PEMFEXY sales. The Eagle Pharmaceuticals class action lawsuit alleges that on November 9, 2023 Eagle Pharmaceuticals announced that it would not release its third quarter 2023 results that day (as had been expected) because Eagle Pharmaceuticals “requires more time to review potential adjustments relating to the reporting of sales of PEMFEXY® prior to filing its Form 10-Q” and that Eagle Pharmaceuticals “expects to revise its previously disclosed 2023 full year guidance downward.” On this news, Eagle Pharmaceuticals’ stock price more than 30%, according to the complaint. The Eagle Pharmaceuticals class action lawsuit further alleges that later on November 9, 2023 after the market closed, Eagle Pharmaceuticals disclosed that it was reviewing “potential adjustments to reserves for returns and price adjustments of approximately $15.0 million to $20.0 million” related “to returns and a price adjustment for PEMFEXY stemming from slower-than-anticipated pull-through from a wholesale customer predominantly due to expiry of inventory.” On this news, Eagle Pharmaceuticals’ stock price fell nearly 3%, the complaint alleges. Then, on November 29, 2023, the Eagle Pharmaceuticals class action lawsuit also alleges that Eagle Pharmaceuticals disclosed that its President and CEO, defendant Scott Tarriff, resigned and that Eagle Pharmaceuticals’ board of directors accepted the resignation “[a]fter consideration of various alternatives, including termination with or without cause.” On this news, Eagle Pharmaceuticals’ stock price fell an additional 31%, the complaint alleges. THE LEAD PLAINTIFF DEADLINE IN THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT
When a securities class action is filed such as the Eagle Pharmaceuticals class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class in the Eagle Pharmaceuticals class action lawsuit must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
THE LEAD PLAINTIFF PROCESS IN THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Eagle Pharmaceuticals stock to seek appointment as lead plaintiff in the Eagle Pharmaceuticals class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Eagle Pharmaceuticals stock and have further questions, contact Eagle Pharmaceuticals stock loss Lawyer Timothy L. Miles today who would fight to recover your damages in an Eagle Pharmaceuticals class action lawsuit if you suffered losses in Eagle Pharmaceuticals stock. A NON-U.S. INVESTOR may SERVE AS LEAD PLAINTIFF IN THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT
Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in Eagle Pharmaceuticals stock, they may move the Court to be appointed lead plaintiff in the Eagle Pharmaceuticals class action lawsuit.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE EAGLE PHARMACEUTICALS LAWSUIT
Serving as a Lead Plaintiff in the Eagle Pharmaceuticals lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against Eagle Pharmaceuticals if you suffered significant losses in Eagle Pharmaceuticals stock. RESPONSIBILITIES THE LEAD PLAINTIFF will HAVE IN THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT
A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the Eagle Pharmaceuticals class action lawsuit. Some of the responsibilities of the Lead Plaintiff in the Eagle Pharmaceuticals class action lawsuit include:
THE LEAD PLAINTIFFS will not GET MORE MONEY THAN CLASS MEMBERS IF THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT SETTLES
But they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Eagle Pharmaceuticals class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the Eagle Pharmaceuticals class action lawsuit on behalf of investors who suffered losses in Eagle Pharmaceuticals stock.
THE CLASS PERIOD DETERMINATION IN THE EAGLE PHARMACEUTICALS LAWSUIT
In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.
To be a part of the class in the Eagle Pharmaceuticals lawsuit, you must have suffered losses in Eagle Pharmaceuticals stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Eagle Pharmaceuticals. THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING MYSELF IN THE EAGLE PHARMACEUTICALS LAWSUIT
Objecting is telling the Court you do not believe the settlement in the Eagle Pharmaceuticals lawsuit, or some part of it, is fair or reasonable. You can file an objection only if you stay in the Class and do not exclude yourself, and you may submit a Claim Form even if you object to the settlement. On the other hand, requesting exclusion is explicitly telling the Court you do not want to be part of the Class or the Settlement in the class action against Eagle Pharmaceuticals. If you exclude yourself, you cannot object to the Settlement because you no longer have standing as you are not a class member anymore. Similarly, you cannot submit a Claim Form. If you stay in the Class and object, but your objection is overruled, you will not be allowed a second opportunity to exclude yourself.
CONTACT AN EAGLE PHARMACEUTICALS STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN EAGLE PHARMACEUTICALS STOCK ABOUT A EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT
If you suffered losses in Eagle Pharmaceuticals stock, contact Eagle Pharmaceuticals stock loss lawyer Timothy L. Miles today for a free case evaluation about an Eagle Pharmaceuticals class action lawsuit. Call today and see what an Eagle Pharmaceuticals stock loss lawyer could do for you if you suffered losses in Eagle Pharmaceuticals stock.
Eagle Pharmaceuticals stock loss lawyer Timothy L. MilesNashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime. Comments are closed.
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