BOSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Assertio Holdings, Inc. (NASDAQ:ASRT) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/asrt.
What is this all about?
On November 8, 2023, Assertio Holdings announced financial results for Q3 2023 in which the Company missed consensus estimates, noting the loss of Indocin exclusivity and results from recently acquired Spectrum Pharmaceutical's Rolvedon that were below expectations.
Shares of Assertio Holdings, Inc. stock dropped 43% in intraday trading on November 9, 2023.
The Complaint alleges that Defendants failed to disclose to investors that: (1) the Company's reliance on Indocin products was unsustainable in light of ...