NEW
YORK, Nov. 13, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law
firm, is investigating whether certain officers and directors of
QuidelOrtho Corporation (NASDAQ: QDEL) breached their
fiduciary duties to shareholders.
According to a federal securities lawsuit, QuidelOrtho insiders
caused the company to misrepresent or fail to disclose that (a)
QuidelOrtho sold more COVID-19 tests to its distributors and
pharmacy chain customers than they could resell to healthcare
providers and end customers; (b) excess inventories of COVID-19
tests existed throughout the supply chain; (c) as a result,
QuidelOrtho's distributors and pharmacy chain customers were poised
to significantly reduce their COVID-19 test orders; (d) undisclosed
problems created a heightened risk that the new test called the
savanna respiratory viral panel-4 test would experience a delayed
commercial launch in the United States; (e) as a result, the
company lacked a reasonable basis for positive statements about
QuidelOrtho's business, financials, and growth trajectory.
If you currently own QDEL and purchased prior to
February 18, 2022
please contact Justin Kuehn,
Esq. here, by email at justin@kuehn.law or
call (833) 672-0814. The consultation and case are free with no
obligation to you. Kuehn Law pays
all case costs and does not charge its investor clients.
Shareholders should contact the firm immediately as there may be
limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved,
you contribute to the integrity and fairness of the financial
markets. Your investment. Your voice. Your
future.™
For additional information, please visit Shareholder Derivative
Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin@kuehn.law
(833) 672-0814
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SOURCE Kuehn Law, PLLC