Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Emergent BioSolutions Inc.
RADNOR, Pa., April 24, 2021 (GLOBE NEWSWIRE) – Law firm Kessler Topaz Meltzer & Check, LLP is reminding investors of Emergent BioSolutions Inc. (NYSE: EBS) (“Emergent”) that a class action lawsuit has been filed for securities fraud filed in Maryland District Court against Emergent on behalf of those who purchased or acquired Emergent common stock between July 6, 2020 and March 31, 2021including (the “Class Period”).
Emergent is a specialist biopharmaceutical company that develops vaccines and antibody therapeutics for infectious diseases.
The complaint alleges that during the entire classroom the defendants failed to disclose that: (1) the Emergent Baltimore facility had a history of manufacturing problems that increased the likelihood of massive contamination; (2) These long-standing contamination risks and quality control issues at Emergent’s facility resulted in a number of citations from the United States Food and Drug Administration. (3) Emergent previously had to ditch the equivalent of millions of doses of COVID-19 vaccines after workers at the Baltimore plant deviated from manufacturing standards. and (4) as a result of the foregoing, the Defendants’ public statements regarding Emergent’s ability and ability to mass-produce several COVID-19 vaccines at its Baltimore manufacturing facility were materially false and / or misleading and / or unfounded.
Emerging investors can no later than June 18, 2021, attempt to be appointed as the class lead plaintiff by Kessler Topaz Meltzer & Check, LLP, or other attorney, or choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the dispute. To be named lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members and that the class member is adequately representing the class. Your ability to get involved in a recovery will not be affected by whether or not you will be the lead plaintiff.
Kessler Topaz Meltzer & Check, LLP, pursues class actions in state and federal courts across the country involving securities fraud, fiduciary violations, and other violations of federal and state law. Kessler Topaz Meltzer & Check, LLP, is a driving force behind corporate governance reform and has reclaimed billions of dollars on behalf of institutional and individual investors from the US and around the world. The company represents investors, consumers and whistleblowers (individuals who report fraudulent practices against the government and are involved in recovering government dollars). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro Jr., Esq.
Adrienne Bell, Esq.
280 Street of the King of Prussia
Radnor, PA 19087
(844) 887-9500 (toll free)