LEGAL GUIDES FOR INVESTORS
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, or just have general questions about your rights as a shareholder, please contact Eagle Pharmaceuticals Stock Loss Lawyer Timothy L. Miles at no charge 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 must be filed with the court no later than February 9, 2024.
Read on to learn answers to six frequently asked questions in the Eagle Pharmaceuticals class action lawsuit.
In this comprehensive guide, we will discuss everything a shareholder needs to know about the Eagle Pharmaceuticals class action lawsuit.
what are 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.
WHAT IS 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.
WHAT ARE MY CHOICES IF I RECEIVE A NOTICE IN THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT?
First, read the notice very carefully. You have two choices. First, you can do nothing and remain a member of the class represented by lead counsel. Second, if you believe you have a large enough loss to justify it, you can opt out of the Eagle Pharmaceuticals class action lawsuit and file your own separate lawsuit. Note, that if you opt out, you will not be able to participate in any settlement or recovery obtained in the Eagle Pharmaceuticals class action lawsuit.
CAN A NON-U.S. INVESTOR 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.
WHAT ARE 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 an Eagle Pharmaceuticals lawsuit if you suffered significant losses in Eagle Pharmaceuticals stock.
WHAT RESPONSIBILITIES WILL THE LEAD PLAINTIFF 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:
CAN I BE APPOINTED LEAD PLAINTIFF IN THE EAGLE PHARMACEUTICALS LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?
No. Even if you suffered losses in Eagle Pharmaceuticals stock, if you purchased securities outside of the Class period, you will not be able to participate in the Eagle Pharmaceuticals lawsuit.
WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT SETTLES?
No, 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.
HOW WAS THE CLASS PERIOD DETERMINED 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.
HOW CAN AN EAGLE PHARMACEUTICALS STOCK LOSS LAWYER HELP ME IF I SUFFERED LOSSES IN EAGLE PHARMACEUTICALS STOCK?
An Eagle Pharmaceuticals stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals such as the Eagle Pharmaceuticals lawsuit. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, they have lost money due to mistakes, incompetence, or fraud by an investment professional.
While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct.
Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.
One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).
This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
IF I SUFFERED LOSSES IN EAGLE PHARMACEUTICALS STOCK, WHEN CAN I EXPECT TO RECEIVE MY PAYMENT IF THE EAGLE PHARMACEUTICALS LAWSUIT SETTLES?
If there is a settlement in the Eagle Pharmaceuticals lawsuit, you should receive a court-ordered Notice through the mail which will provide a date when the court will hold a final hearing to decide if it will approve the settlement. If your address changed, you may also find lawsuits through sites such as Consumer Action and ClassAction.org along with instructions on how to submit a claim. The Notice will instruct you what you need to do to file a claim. In some class action settlements, you are automatically submitted and need to do nothing further. However, in others, you may be required to submit more information to proceed such as documentation proving your purchase, such as a receipt or brokerage slip or other evidence that you bought or sold Eagle Pharmaceuticals stock during the class period and suffered losses in Eagle Pharmaceuticals stock.
The court will hold a final hearing in the Eagle Pharmaceuticals lawsuit on a date provided in the Notice to decide whether to finally approve the settlement. If the Court finally approves the settlement, and there are no objections or appeals, settlement payments will be mailed to all Participating Class Members within a few months. However, if there are objections or appeals, resolving them can take a significant amount of time, perhaps more than a year to resolve the Eagle Pharmaceuticals lawsuit.
IF THERE IS A SETTLEMENT IN THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT, AND I DO NOT THINK IT IS FAIR, WHAT ARE MY OPTIONS AS A CLASS MEMBER?
If you receive a notice that the Eagle Pharmaceuticals class action lawsuit has been settled and you do not believe the settlement is fair but do not want to opt-out and file your own lawsuit, you may object to the settlement. You may object to any part of the settlement and the Court will consider all timely filed objections in the class action against Eagle Pharmaceuticals. The notice will contain the date when any objections must be filed and will include instructions on where to send your objection and will also include a date for the final hearing in the Eagle Pharmaceuticals class action lawsuit if you would like to appear and be heard by the court in the Eagle Pharmaceuticals class action lawsuit.
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.
Nashville 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); Americas Most Honored Lawyers 2020 â€“ 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.
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]
HOURS OF OPERATION