NEW YORK and NEW ORLEANS, May 20, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have until June 3, 2025 to file lead plaintiff applications in a securities class action lawsuit against Viatris Inc. (“Viatris” or “the Company”) (NasdaqGS: VTRS), if they purchased the Company’s securities between August 8, 2024 and February 26, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Western District of Pennsylvania.
Serving as Lead Plaintiff in the Action
Investors with significant losses may choose to serve in a leadership role to oversee the prosecution of an action. If you are selected lead plaintiff you have the ability to select lead counsel and to direct the litigation, help set the case strategy and become involved in settlement discussions.
If you purchased securities of Viatris and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-vtrs/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 3, 2025.
About the Lawsuit
Viatris and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 27, 2025, the Company announced its financial results for the fourth quarter and full fiscal year 2024, disclosing disappointing fiscal 2025 guidance, which the Company attributed to “the expected financial impact from Indore facility warning letter and import alert.” On this news, the price of Viatris’ shares fell from $11.24 per share on February 26, 2025, Viatris’ stock price fell to $9.53 per share on February 27, 2025.
The case is Quinn v. Viatris Inc., et al., No. 25-cv-466.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
