CATALENT SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Catalent, Inc. - CTLT
NEW ORLEANS, March 14, 2023 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until April 25, 2023 to file lead plaintiff applications in a securities class action lawsuit against Catalent, Inc. (the “Company”) (NYSE: CTLT), if they purchased the Company’s securities between August 30, 2021 and October 31, 2022, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of New Jersey.
Catalent investors should visit us at https://claimsfiler.com/cases/nyse-ctlt/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Catalent and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 1, 2022, the Company reported its financial results for 1Q2023 ending September 30, 2022, disclosing that its earnings had fallen to zero, a slashed fiscal year 2023 revenue guidance from $4.975B to $5.225B to the range of $4.625B to $4.875B, and that it was anticipating “negative P&L [profit and loss] effects,” due to regulatory issues.
On this news, shares of Catalent plummeted by 31.7% over two trading sessions, to close at $44.90 per share on November 2, 2022.
The case is City of Warwick Retirement System v. Catalent, Inc., No. 23-cv-1108.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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