BAX - Calling All Baxter International Inc. (BAX) Investors: Contact Bronstein Gewirtz & Grossman LLC To Claim Your Losses! | Benzinga

NEW YORK, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Baxter International Inc. ("Baxter" or "the Company") (NYSE:BAX) and certain of its officers.

Class Definition:
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Baxter securities between May 25, 2022 and February 8, 2023, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/bax.                                     

Case Details:
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company concealed the true extent of the supply chain problems it was experiencing while simultaneously exaggerating its ability to maintain a healthy supply chain in the face of global pressures; (2) as a result, the Company's projected earnings were materially misleading during the Class Period; (3) the foregoing, once revealed, was reasonably likely to have a material negative impact on the Company's financial condition; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times. Over the course of the Class Period, Baxter's stock price declined by nearly 50%, eliminating billions of dollars in market capitalization.

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