An investigation on behalf of current long term investors in Viatris Inc. (NASDAQ: VTRS) shares over possible breaches of fiduciary duty by certain officers and directors was announced
San Diego, CA -- (SBWIRE) -- 09/22/2023 -- Certain directors of Viatris Inc.are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Viatris Inc. (NASDAQ: VTRS) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: VTRS stocks follows a lawsuit filed against Viatris Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: VTRS stocks, concerns whether certain Viatris Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Viatris made materially false and/or misleading statements and/or failed to disclose that the Company was experiencing significantly more competition in its United States complex generics business than disclosed, that the Company was not able to effectively manage its base business erosion or create a stable revenue base, that despite being on the Company's only growth drivers, Viatris was actively planning to divest its biosimilars business in order to secure enough cash to let it purportedly meet its phase one goals, that Viatris was deviating from the business model it touted throughout the Class Period and undertaking a significant global reshaping of its business which would undermine its ability to achieve stable revenue growth, and that the Company was anticipating less financial growth moving into 2022.
Those who purchased shares of Viatris Inc. (NASDAQ: VTRS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About The Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.