#USA #Charles C. Foti #Kahn Swick & Foti #New Orleans #Danaher Corporation

Introduction

The renowned law firm Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., has commenced an investigation into Danaher Corporation, a prominent player in the global science and technology sectors. This probe arises in the wake of the company's disappointing financial disclosures, alarming investors and prompting inquiries into the accountability of its executives.

Background

On April 25, 2023, Danaher Corporation reported a worrying 7.0% decline in year-over-year revenues, totaling $7.2 billion. The drop was attributed primarily to a decrease in COVID-19-related revenues, despite a slight growth of 6.0% in its core base business. The management's subsequent assessment projected a mid-single-digit growth in non-GAAP core revenue for the second quarter and full year of 2023, a downward revision from their earlier expectations of high-single-digit growth. This inconsistency raised eyebrows, especially against the backdrop of their previous assurances on the resilience of non-COVID-19 sectors.

Allegations and Legal Actions

In light of these developments, Danaher Corporation and certain executives currently find themselves embroiled in a securities class action lawsuit. The suit alleges that they failed to disclose critical information, thereby violating federal securities laws. Notably, a court has partially denied the company's motion to dismiss, enabling the lawsuit to advance and adding urgency to KSF's investigation.

Investigation Focus

KSF is meticulously examining whether the officers and/or directors of Danaher have breached their fiduciary duties towards shareholders. This is not just about the financial metrics but about the trust and transparency expected from the corporate leadership. As they dig deeper, KSF will explore any potential violations of state or federal laws by these executives that could have materially impacted investors' decisions.

How to Participate

KSF encourages anyone with information that might assist in this investigation, as well as long-term holders of Danaher shares, to come forward. Interested parties can reach out to KSF without any obligation or cost by calling a toll-free number or emailing Lewis Kahn, Managing Partner. This outreach not only aids in the investigation but also helps affected shareholders understand and exercise their legal rights.

About Kahn Swick & Foti, LLC

Founded by Saavy legal professionals, KSF is distinguished as one of America's leading boutique securities litigation law firms. Over the past year, their accomplishments have positioned them among the top 10 plaintiff firms based on total settlement value as per ISS Securities Class Action Services. With a focus on cases involving public and private institutional investors, KSF holds a robust portfolio of litigation against publicly traded companies implicated in fraud or wrongdoing.

Conclusion

The ongoing investigation into Danaher Corporation by Kahn Swick & Foti highlights the critical intersection of corporate governance and shareholder rights. As investors demand transparency and accountability, the outcomes of this investigation could bear significant implications for Danaher, its executives, and the wider market. Stakeholders are watching closely, as the resolution of these issues will not only influence Danaher’s future but also serve as a precedent in the corporate governance landscape.

For those looking to learn more about KSF or the ongoing investigation, detailed information is available at their official website.