Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Aug. 30, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Indivior PLC ("Indivior" or the "Company") (NASDAQ: INDV) investors of a class action representing investors that bought securities between February 22, 2024, and July 8, 2024, inclusive (the "Class Period"). Indivior investors have until October 1, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint claims that during the Class Period, the Defendants: (1) greatly exaggerated their ability to predict how certain laws would negatively affect Indivior’s financial outlook, when in reality their forecasting skills were not as strong as they had led investors and analysts to believe; (2) overstated the financial potential of SUBLOCADE, PERSERIS, and OPVEE, thus inflating the Company’s expected revenue and other financial indicators; (3) either knew or ignored the fact that due to the negative impact of certain legislation, Indivior was unlikely to meet its own previously stated FY 2024 revenue targets for SUBLOCADE, PERSERIS, and OPVEE; (4) either knew or ignored the risk that Indivior might have to stop all sales and marketing for PERSERIS; and (5) therefore, the Defendants’ positive statements about the Company’s business and future prospects were misleading and not based on a reasonable assessment.
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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.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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