{"id":88491,"date":"2024-12-24T17:25:04","date_gmt":"2024-12-24T17:25:04","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-astrazeneca-plc-azn\/"},"modified":"2024-12-24T17:25:04","modified_gmt":"2024-12-24T17:25:04","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-astrazeneca-plc-azn","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-astrazeneca-plc-azn\/","title":{"rendered":"Gainey McKenna & Egleston Announces\u00a0a Class\u00a0Action Lawsuit Has Been Filed Against AstraZeneca PLC (AZN)"},"content":{"rendered":"
\n

NEW YORK, Dec. 24, 2024 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired AstraZeneca PLC (\u201cAstraZeneca\u201d or the \u201cCompany\u201d) (NASDAQ: AZN) securities between February 23, 2022 and December 17, 2024, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for the Company\u2019s investors under the federal securities laws.<\/p>\n

The Complaint alleges that Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, the Complaint alleges that the Defendants failed to disclose to investors that: (1) AstraZeneca engaged in insurance fraud in China; (2) as a result, AstraZeneca faced heightened legal exposure in China, which eventually resulted in the AstraZeneca China President being detained by Chinese law enforcement authorities; (3) as a result, AstraZeneca understated its legal risks; (4) the foregoing, once revealed, could materially harm AstraZeneca\u2019s business activities in China; and (5) as a result, Defendants\u2019 statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

When news of the actions of the Chinese law enforcement authorities became public, the Complaint alleges that the stock price of AstraZeneca fell, harming investors.<\/p>\n

Investors who purchased or otherwise acquired shares of AstraZeneca should contact the Firm prior to the February 21, 2025 <\/em><\/strong>lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.\u00a0 If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Dec. 24, 2024 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired AstraZeneca PLC (\u201cAstraZeneca\u201d or the \u201cCompany\u201d) (NASDAQ: AZN) securities 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