Former Louisiana Attorney General Issues Shareholder Alert for Viatris

A class-action lawsuit has been filed against Viatris Inc. The lawsuit was brought by Kahn Swick & Foti, LLC on behalf of investors who purchased Viatris stocks. The legal action was filed due to alleged violations of federal securities laws by the pharmaceutical company. The lawsuit accuses Viatris of making false and misleading statements regarding the merger that formed the company.

The lawsuit is focused on Viatris’ merger with Mylan N.V., which occurred in November 2020. The complaint asserts that Viatris failed to disclose key information to shareholders about the merger process. According to the lawsuit, Viatris made false claims about the benefits and potential of the merger, leading investors to believe that the company would experience significant growth and success following the transaction.

As a result of these alleged misrepresentations, Viatris’ stock price was artificially inflated. When the truth about the merger came to light, Viatris’ stocks plummeted, causing financial losses for investors. The lawsuit seeks to hold Viatris accountable for these alleged violations and recover damages for affected investors.

Investors who purchased Viatris stocks between June 12, 2019, and November 9, 2021, are eligible to join the class-action lawsuit. The legal action is open to individuals who meet the specified criteria and wish to seek compensation for their financial losses.

Kahn Swick & Foti, LLC, the law firm handling the lawsuit, is known for its work in securities litigation. The firm has a track record of representing investors in cases of securities fraud and corporate misconduct. The legal team at Kahn Swick & Foti, LLC is dedicated to seeking justice for investors who have been harmed by deceptive practices in the financial markets.

It is essential for investors to be aware of their rights and options in cases of securities fraud. By joining a class-action lawsuit, affected individuals can pursue compensation for their losses and hold accountable entities responsible for misleading investors. Investors should seek legal advice to understand their eligibility for the lawsuit and take steps to protect their interests.

The class-action lawsuit against Viatris highlights the importance of transparency and honesty in corporate dealings. Investors rely on accurate information to make informed decisions about their investments. When companies engage in deceptive practices, shareholders may suffer financial harm. Legal actions like this lawsuit aim to safeguard investors’ rights and ensure accountability in the financial markets.