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Levi & Korsinsky Announces DPLO Lawsuit; Diplomat Pharmacy Class Action

Levi & Korsinsky

March 15, 2019

NEW YORK, March 14, 2019 – Levi & Korsinsky, LLP announces the commencement of a class action on behalf of all persons or entities who purchased or otherwise acquired securities of Diplomat Pharmacy, Inc. (“Diplomat”) (NYSE: DPLO) between February 26, 2018 and February 21, 2019. You are hereby notified that the Diplomat Pharmacy class action lawsuit has been commenced in the United States District Court for the Central District of California. To get more information about the DPLO lawsuit, go to: https://www.zlk.com/pslra-1/diplomat-pharmacy-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Diplomat Pharmacy class action alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Diplomat had downplayed its success in integrating and growing its PBM business, which included LDI Integrated and National Pharmaceutical, two companies Diplomat had acquired in late 2017; (2) consequently, Diplomat would need to record a non-cash impairment charge upwards of approximately $630 million relating to its PBM business and these 2017 acquisitions; (3) due to the foregoing, Diplomat would withdraw its preliminary 2019 full-year outlook issued less than seven weeks prior; and (4) as a result, defendants’ statements about Diplomat’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you suffered a loss in Diplomat you have until April 25, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Toll Free: (877) 363-5972

Fax: (212) 363-7171

www.zlk.com