Kaskela Law Firm Announces Investigation of QuidelOrtho Corp. (QDEL) and Encourages Long-Term QDEL Shareholders with Investment Losses to Contact the Firm

PHILADELPHIA--(BUSINESS WIRE)--Investor litigation firm Kaskela Law announces that it is investigating QuidelOrtho Corporation (Nasdaq: QDEL) (“QuidelOrtho”) on behalf of the company’s long-term investors.

Click here for additional information: https://kaskelalaw.com/case/quidelortho-corp/

Recently a securities fraud complaint was filed against QuidelOrtho on behalf of certain investors who purchased shares of the company’s stock between February 17, 2022 and April 1, 2024 (the “Wrongdoing Period”). According to the complaint, during the Wrongdoing Period, the defendants made a series of materially false and misleading statements to investors concerning QuidelOrtho’s business, operations, and prospects.

As further detailed in the complaint, on February 13, 2024, QuidelOrtho issued a press release reporting disappointing quarterly financial results, and “slashed” its 2024 financial forecasts, including a dramatic cut to its COVID-19 revenue forecast. On this news, shares of the company’s stock fell $21.50 per share, or 32% in value, to close on February 14, 2024 at $45.27 per share, on unusually heavy trading volume.

The investigation seeks to determine whether the members of QuidelOrtho’s board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.

Current QuidelOrtho shareholders who purchased or acquired their QDEL shares prior to February 13, 2024 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for additional information about this investigation and their legal rights and options at (484) 229 – 0750, by email at [e-mail], or online at:

https://kaskelalaw.com/case/quidelortho-corp/

ABOUT KASKELA LAW:

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis (i.e., the firm’s clients are never responsible for any out-of-pocket costs for legal representation). Since 2020, the firm has helped to recover over $500 million for investors. For additional information about Kaskela Law LLC, including the firm’s recent notable recoveries for investors, please visit www.kaskelalaw.com.

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