FMC - FMC Corporation STOCK ALERT: Robbins LLP Reminds Investors of the Upcoming Lead Plaintiff Deadline in the Class Action Against FMC Corporation | Benzinga
SAN DIEGO, Dec. 16, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired FMC Corporation (NYSE:FMC) common stock between November 2, 2022 and October 20, 2023. FMC is an agricultural sciences company and chemical manufacturer specializing in the production of patented crop protection products.
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What is this Case About: FMC Corporation (FMC) Misled Investors Regarding Patent Protection for its Flagship Products
According to the complaint, during the class period, defendants failed to disclose to investors that: (1) the diminishment of patent protection for FMC's flagship products following legal defeats in key markets including India, China, and Brazil had opened the door to increased competition from generics; (2) the Company repeatedly mislead investors about the status of such proceedings and falsely claimed that it did not and would not face generic competition in key markets until 2026 at the earliest; and (3) because of these issues Defendant's positive ...