IRVINE, CA / ACCESSWIRE / September 15, 2016 / Khang & Khang LLP (the "Firm") announces a class action lawsuit has been filed against Concordia International Corp. ("Concordia" or the "Company") (Nasdaq: CXRX). Investors, who purchased or otherwise acquired shares between November 12, 2015 and August 12, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm prior to the October 14, 2016 lead plaintiff motion deadline.
If you purchased shares of Concordia during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, the Company made false and misleading statements and/or failed to disclose: that Concordia was facing increased market competition against its drug Donnatal and other products; that the Company's financial results would suffer and thus it would be forced to suspend its dividend; and that as a result of the above, Concordia's statements about its business, operations and prospects were false and misleading and/or lacked a reasonable basis. On August 12, 2016, Concordia announced that it would lower its 2016 guidance due to unexpected competition and current foreign exchange rates. The Company also announced that CFO Adrian de Saldanha was leaving and that the Board unanimously agreed to suspend the Company's quarterly dividend. When this news was announced, shares of Concordia dropped in value, which caused investors harm.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Contacts
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
ReleaseID: 445385
