LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Amneal Pharmaceuticals, Inc. (“Amneal” or “the Company”) (NYSE: AMRX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Amneal cut its 2019 earnings forecast on July 10, 2019. The Company blamed the lowered forecast on a global shortage of epinephrine auto-injectors. The Company admitted that delays in regulatory approvals and product launches also contributed to the lowered forecast. On this news, shares of Amneal fell by nearly 36% on the same day.
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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.
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