INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Embecta Corp. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--Jan 4, 2023--
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Embecta Corp. (“Embecta” or “the Company”) (NASDAQ: EMBC ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Embecta issued a press release on December 20, 2022, announcing its fourth quarter and full year 2022 financial results. The Company reported quarterly revenue down 8.7% year-over-year, and a $58.9 million impairment charge “related to the abandonment of certain U.S. manufacturing lines that are no longer expected to be completed.” The Company also disclosed a charge of “550 million in impairment charges related to the abandonment of the purchase commitment of [the production line].” Based on this news, shares of Embecta fell by 15.64% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230104005952/en/
CONTACT: The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: The Schall Law Firm
Copyright Business Wire 2023.
PUB: 01/04/2023 04:36 PM/DISC: 01/04/2023 04:35 PM
http://www.businesswire.com/news/home/20230104005952/en