Viatris Shareholders May Join Class Action by The Gross Law Firm Before June 3 Deadline

Viatris Shareholders Alert: Join Class Action Before June 3 Deadline

In a significant legal development, The Gross Law Firm has issued a notice to the shareholders of Viatris Inc. (NASDAQ: VTRS), encouraging them to participate in an ongoing class action lawsuit. This class action is aimed at addressing the grievances of investors who purchased shares of Viatris during a specified period. If you're among those impacted, now is the time to act.

Understanding the Class Action Suit

The lawsuit arises from allegations of misrepresentation by the defendants related to the operational issues surrounding Viatris' manufacturing facility in Indore, India. The complaint states that shareholders were misled regarding a serious inspection failure at this facility, which led to the issuance of a warning letter from the FDA. Importantly, the defendants downplayed the letter's significance, referring to it as a minor challenge. However, when Viatris announced its disappointing financial results, reflecting the impact of this warning letter, the stock price plummeted.

On February 26, 2025, Viatris shares closed at $11.24, but by the following day, after the announcement of adverse fiscal results and a bleak guidance for 2025, the stock value fell to $9.53—a staggering decline of approximately 15.21% in just one day.

Shareholders are encouraged to register as participants in this class action as soon as possible. The deadline for expressing intent to be a lead plaintiff in the case is June 3, 2025. Importantly, registering as a participant does not require one to take on the responsibilities of a lead plaintiff in the suit, allowing investors to recuperate losses without further obligations.

How to Register

Investors who acquired shares of Viatris during the stated class period (from August 8, 2024, to February 26, 2025) should contact The Gross Law Firm to register their information. One can simply fill out a submission form available through their website. Upon registration, participants will gain access to portfolio monitoring tools that will keep them updated throughout the case lifecycle. This offering is entirely free for shareholders, ensuring that there are no costs or obligations involved.

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a veteran firm in class action litigation, dedicated to protecting the rights of investors. They focus on holding companies accountable for fraudulent practices and misleading statements that have resulted in financial losses for investors. Their commitment to achieving justice serves as a beacon of hope for those who have suffered losses due to corporate malfeasance.

If you have purchased Viatris shares during the specified timeframe and are concerned about the implications of recent events surrounding the company, consider registering for this class action. Participation in such suits can lead to potential recovery, giving investors a voice in the corporate accountability landscape. To learn more about your rights and the steps you can take, please visit their dedicated webpage for this class action lawsuit.