PR Newswire
SAN DIEGO
, Feb. 13, 2025 /PRNewswire/ — The law firm ofRobbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Merck & Co., Inc. (NYSE: MRK) securities between February 3, 2022 and February 3, 2025, inclusive (the “Class Period”), have until April 14, 2025 to seek appointment as lead plaintiff of the Merck class action lawsuit. Captioned Cronin v. Merck & Co., Inc., No. 25-cv-01208 (D.N.J.), the Merck class action lawsuit charges Merck and certain of Merck’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Merck class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-merck-co-inc-class-action-lawsuit-mrk.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].
CASE ALLEGATIONS: Merck operates as a healthcare company worldwide.
The Merck class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Merck’s projected revenue outlook and anticipated growth of Gardasil while also minimizing risk from competition and drug approval development, such as China’s approval to shift Gardasil to a 2-dose regimen; (ii) in truth, Merck’s optimistic reports of growth, claims of successful consumer activation and education in China, overall ability to drive demand, and efforts to downplay the impact of competition on Gardasil fell short of the reality; and (iii) Merck’s ability to push Gardasil in China had materially diminished.
The Merck class action lawsuit further alleges that on July 30, 2024, Merck revealed that in the second quarter of 2024 “there was a significant step down in shipments from our distributor and commercialization partner, Zhifei, into the points of vaccination, compared with prior quarters, resulting in above normal inventory levels at Zhifei.” On this news, the price of Merck stock fell nearly 10%, according to the complaint.
Then, on February 4, 2025, the Merck class action lawsuit alleges that Merck published its fourth quarter fiscal year 2024 results, disclosing that “GARDASIL/GARDASIL 9 Sales Declined 3% to $8.6 Billion; Excluding the Impact of Foreign Exchange, Sales Declined 2%” “primarily due to lower demand in China, partially offset by higher demand in most international regions, particularly in Japan.” On this news, the price of Merck stock fell more than 9%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Merck securities during the Class Period to seek appointment as lead plaintiff in the Merck class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Merck class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Merck class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Merck class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected]
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SOURCE Robbins Geller Rudman & Dowd LLP
