#USA #New York #Securities Fraud #class action suit #Viatris Inc.

Class Action Lawsuit Filed Against Viatris Inc.

On May 30, 2025, Levi & Korsinsky, LLP announced a class action securities lawsuit against Viatris Inc. (NASDAQ: VTRS). This legal action is aimed at recovering losses for investors who may have been affected by alleged securities fraud occurring between August 8, 2024, and February 26, 2025.

Understanding the Class Action

The lawsuit centralizes around claims that Viatris misled investors about significant operational issues tied to its facility in Indore, India. Specifically, investors were not adequately informed about a concerning FDA warning letter regarding this facility, which subsequently led to financial repercussions for the company. Rather than addressing these issues seriously, the defendants downplayed the situation, describing it merely as a "minor headwind."

As a result of the oversight, when Viatris reported its fourth quarter and full fiscal year 2024 results on February 27, 2025, the firm disclosed disappointing guidance for fiscal 2025. They attributed the slump in expectations to the financial implications stemming from the warning letter about the Indore facility. Following this announcement, Viatris’s stock price plummeted from $11.24 to $9.53 per share in just one day, marking a significant decline of approximately 15.21%.

Key Dates and Participation Details

Viatris investors who incurred losses during the designated timeframe have until June 3, 2025, to request to be appointed as lead plaintiffs for the class action. However, it is important to note that being a lead plaintiff is not a prerequisite for participating in any potential recovery from the lawsuit.

Individuals interested in more details or wishing to join the lawsuit can reach out to Joseph E. Levi, Esq. at (212) 363-7500 or via email at email protected] Additionally, further information and the class action submission form can be accessed [here.

No Out-of-Pocket Costs

It is also critical for potential participants to understand that if they qualify as class members, they may be eligible for compensation without incurring any out-of-pocket expenses or fees. Levi & Korsinsky emphasizes that there is no cost or obligation to participate in this lawsuit.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has an established track record in securities litigation, successfully recovering hundreds of millions for investors over the past two decades. The firm employs a skilled team of over 70 professionals dedicated to representing shareholder interests in complex legal cases. For seven consecutive years, they have been recognized as one of the top firms in the securities litigation sector by the ISS Securities Class Action Services' Top 50 Report.

Conclusion

With the June 3 deadline approaching, investors affected by the Viatris situation should act quickly to secure their potential claims. This class action lawsuit serves as a significant opportunity for those impacted by the alleged misrepresentations made by Viatris to seek restitution for their losses. Levi & Korsinsky stands ready to assist and guide investors throughout this process, ensuring they understand their rights and potential benefits under the law.