An investigation for investors in CareFusion Corporation (NYSE:CFN) shares over potential securities laws violations by CareFusion was announced and NYSE:CFN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 10/01/2013 -- An investigation on behalf of investors of CareFusion Corporation (NYSE:CFN) shares over potential securities laws violations by CareFusion Corporation and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of CareFusion Corporation (NYSE:CFN) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of CareFusion Corporation (NYSE:CFN) concerning whether a series of statements by CareFusion Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 9, 2013, CareFusion Corporation reported its third quarter 2013 results. Among other things, CareFusion Corporation said that in April 2011, it received a federal administrative subpoena from the U.S. Department of Justice (“Department of Justice”) through the U.S. Attorney for the District of Kansas and that in addition, in September 2011, it received a federal administrative subpoena from the Office of Inspector General (“OIG”) of the Department of Health and Human Services. CareFusion Corporation also said that in August 2012, it received another federal administrative subpoena from the Department of Justice containing additional information requests and that all three subpoenas request for documents and other materials that relate primarily to its sales and marketing practices for its ChloraPrep skin preparation product and information regarding its relationships with healthcare professionals.
In April 2013, CareFusion Corporation announced an agreement in principle pursuant to which it expects to pay the government approximately $41 million to resolve the government’s allegations.
On September 30, 2013, NYSE:CFN shares closed a $36.90 per share.
Those who purchased shares of CareFusion Corporation have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com