LOS ANGELES, April 24, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises the public that a class action lawsuit has been filed on behalf of Becton, Dickinson and Company (“Beckton” or the “Company”) investors that acquired Becton securities (: BDX), between November 05, 2019 to February 05, 2020.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via the www.portnoylaw.com.
The lawsuit alleges that the Company withheld, from investors, material negative information about the Company’s Alaris infusion system. Finally, on February 6, 2020, the Company lowered guidance and disclosed to investors that, “"to reflect the impact of the remediation effort and anticipated loss of sales of the Alaris infusion system." According to the Company, the software remediation plan for the Alaris system "will require additional regulatory filings," and existing customers would have "access to the Alaris System under medical necessity." Becton further disclosed that it had recorded a $59 million charge in connection with a voluntary recall of certain Alaris pumps.”
On this news, Becton's share price fell $33.74, or nearly 12%, to close at $252.25 per share on February 6, 2020, on unusually heavy trading volume.
Please visit our website to review more information and submit your transaction information. If you suffered a loss you have until April 27, 2020 to request that the Court appoint you as lead plaintiff.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
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Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com
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