NASDAQ: ASRT

Assertio Holdings, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Assertio Holdings, Inc. (NASDAQ: ASRT) between March 9, 2023 and November 8, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 5, 2024.

If you purchased Assertio securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:March 9, 2023 through November 8, 2023

Deadline:

6 Days
If you purchased Assertio securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:

  • Assertio’s reliance on Indocin, one of Assertio’s primary pharmaceutical products, to boost its net income was unsustainable given the risk of generic competition;
  • the acquisition of Spectrum Pharmaceuticals, Inc., along with Spectrum’s injection asset Rolvedon, (the “Spectrum Acquisition”) was less valuable than Assertio had represented to investors;
  • accordingly, Assertio had overstated the positive impact the sale of Indocin products and the Spectrum Acquisition were likely to have on Assertio’s profitability; and
  • as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Assertio Holdings, Inc.
Stock Symbol: ASRT
Class Period: March 9, 2023 through November 8, 2023
Court: United States District Court Northern District of Illinois

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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