Levi & Korsinsky Announces Baxter International Class Action Investigation; BAX Lawsuit

Class Action Reports

Levi & Korsinsky Announces Baxter International Class Action Investigation; BAX Lawsuit

Levi & Korsinsky, LLP

December 31, 2019

Levi & Korsinsky, LLP announces that a BAX class action lawsuit has been commenced on behalf of investors who purchased Baxter International Inc. (BAX) securities between February 21, 2019 and October 23, 2019. For more on the Baxter International Class Action please contact us today.

According to the Baxter International lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) certain intra-Company transactions, undertaken for the purpose of generating foreign exchange gains and losses, used foreign exchange rate conventions that were not in accordance with GAAP and enabled intra-Company transactions to be undertaken after the related exchange rates were already known; (2) the Company lacked effective internal control over financial reporting; (3) as a result, the Company’s financial statements were misstated and would likely require correction or amendment; (4) due to the Company’s internal investigation, Baxter would not be able to file its quarterly report for the period ending September 30, 2019, with the SEC on Form 10-Q in a timely manner; and (5) as a result of the foregoing, Defendants’ statements about the Company’s business and operations lacked a reasonable basis.

TO LEARN MORE ABOUT THE BAX CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/baxter-international-inc-loss-form?prid=4806&wire=9

If you suffered a loss in Baxter International you have until January 24, 2020 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

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com