New York, New York–(Newsfile Corp. – December 20, 2024)– Why: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of AstraZeneca PLC (NASDAQ:LON:) resulting from allegations that AstraZeneca (NASDAQ:) may have issued misleading business information. financially to the company. Public investment.
so what: If you purchase AstraZeneca securities, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing a class action lawsuit seeking to recover investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=1331 or contact Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.
What is this about: On October 30, 2024, AstraZeneca announced that Leon Wang, Executive Vice President International and President of AstraZeneca China, is “cooperating with the ongoing investigation by Chinese authorities.”
On this news, AstraZeneca's American Depositary Shares (“ADS”) fell 3.1% on October 30, 2024.
Then, on November 5, 2024, Yicai Global published an article titled “AstraZeneca Insurance Fraud Involves Dozens of Top China Executives, Source Says.” “(D)ozen senior AstraZeneca China executives were involved in an ongoing insurance fraud case as of last week, according to a person familiar with the matter,” the article said. Furthermore, he stated that “over the past three years, cases of insurance fraud involving AstraZeneca have surfaced in Shenzhen as well as in Fujian and Jiangxi provinces. (…) These cases amount to the largest insurance fraud in the country.” . The pharmaceutical sector for years, a person familiar with the matter noted.
On this news, AstraZeneca's advertising fell by 7.2% on November 5, 2024.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these companies do not file securities class actions. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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