Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Jan. 05, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Embecta Corp. (“Embecta” or “the Company”) (NASDAQ: EMBC) investors that the law firm has initiated an investigation on behalf of investors that lost money on their stock. DLocal Limited investors are encouraged to contact the firm to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
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.
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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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