Recent Security Class Actions

Assertio Holdings Inc. Common Stock (NASDAQ: ASRT)

Company Name:Assertio Holdings Inc. Common Stock
Stock Symbol:NASDAQ: ASRT
Class Period Start:03/09/2023
Class Period End (inclusive):01/03/2024
Filing Deadline:03/05/2024

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s reliance on Indocin products to boost its net income was unsustainable given the risk of generic competition; (ii) the Spectrum Acquisition was less valuable than Assertio had represented to investors; (iii) accordingly, Assertio had overstated the positive impact the sale of Indocin products and the Spectrum Acquisition were likely to have on the Company’s profitability; and (iv) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.