NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of ICU Medical, Inc. (NASDAQ: ICUI) resulting from allegations that ICU Medical may have issued materially misleading business information to the investing public.
On May 8, 2020, ICU Medical announced that it was “voluntarily recalling one single lot of Lactated Ringer’s Injection, USP,” stating that “[t]he products are being recalled to the hospital/user level due to the presence of particulate matter identified as iron oxide” and further that “[a]dministration of a drug product that contains metal particulate matter could result in adverse events ranging from inflammation at the site of injection to more serious events that could include the formation of a blood clot obstructing the flow of blood which could lead to end-organ damage or death.”
On this news, ICU Medical’s stock price fell $19.26 per share, or 8.86%, to close at $198.10 per share on May 8, 2020, on unusually heavy trading volume.
Rosen Law Firm is preparing a securities lawsuit on behalf of ICU Medical shareholders. If you purchased securities of ICU Medical please visit the firm’s website at http://www.rosenlegal.com/cases-register-1862.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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