BHC - BHC INVESTOR DEADLINE APPROACHING: Robbins Geller Rudman & Dowd LLP Announces that Bausch Health Companies Inc. Investors with Substantial Losses Have Opportunity to Lead Case | Benzinga
SAN DIEGO, Sept. 16, 2023 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Bausch Health Companies Inc. (NYSE:BHC) securities between August 6, 2020 and May 3, 2023, all dates inclusive (the "Class Period") have until September 25, 2023 to seek appointment as lead plaintiff of the Bausch Health class action lawsuit. Captioned Kelk v. Bausch Health Companies Inc., No. 23-cv-03996 (D.N.J.), the Bausch Health class action lawsuit charges Bausch Health as well as certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Bausch Health class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-bausch-health-companies-inc-class-action-lawsuit-bhc.html
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.
CASE ALLEGATIONS: Bausch Health is a pharmaceutical company known for its majority ownership of Bausch + Lomb Corporation ("B+L"). The Bausch Health class action lawsuit alleges that in 2016, Bausch Health was forced to replace its senior management and attempt to rebuild its reputation after it was revealed that it had engaged in one of the most egregious cases of securities fraud in U.S. history. Among other things, Bausch Health was forced to restate its financial statements, enter into a settlement with the U.S. Securities and Exchange Commission, and settle a class action with investors for a payment of more than $1.1 billion in November 2019, the complaint further alleges. On August 6, 2020, Bausch Health announced plans to spin-off B+L into its own publicly traded entity, the complaint further alleges. Bausch Health at the time said that the benefits of the spinoff included "improved strategic focus and enhanced financial transparency."
The Bausch Health class action lawsuit alleges that defendants throughout the Class ...