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.

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