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 Novavax, Inc. (“Novavax” or “the Company”) (NASDAQ: NVAX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Novavax is the subject of an article published by Politico on October 19, 2021, titled: “‘They Rushed the Process’: Vaccine Maker’s woes hamper global inoculation campaign.” According to the article, “manufacturing problems are jeopardizing billions of doses earmarked for poor and middle-income countries.” The article continues, “although Novavax recently attested to some of its analytics and testing issues … the company’s issues are more concerning than previously understood, according to two of the people with direct knowledge of the matter.” Based on this news, shares of Novavax traded down sharply on October 20, 2021.
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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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