SAN FRANCISCO, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Assertio Holdings, Inc. (NASDAQ:ASRT) investors who suffered substantial losses to submit your losses now.
Class Period: Mar. 9, 2023 – Nov. 8, 2023 | |
Lead Plaintiff Deadline: Mar. 5, 2024 | |
Visit: www.hbsslaw.com/investor-fraud/asrt | |
Contact An Attorney Now: | ASRT@hbsslaw.com |
844-916-0895 |
Assertio Holdings, Inc. (ASRT) Securities Fraud Class Action:
On Jan. 4, 2024, securities analyst Sidoti & Company lowered its price target of Assertio Holdings (ASRT) shares by 25% and also significantly cut its 2024 and 2025 revenue estimates. In support of its dim view of the company's immediate future, Sidoti's report cited "increased competition for Indocin and the high inventory of Rolvedon in the sales channel continues to pressure sales."
The gloomy analyst projections coincide with two other recent adverse events for Assertio. First, on Jan. 5, ASRT shares nose-dived after the Company announced that CEO Dan Peisert was stepping down. Notably, Assertio characterized Peisert's separation from the company as an "involuntary termination."
Second, immediately following Peisert's termination, ASRT investors filed a securities fraud class action suit alleging Assertio securities ...