Kenvue Inc.

Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of the securities of Kenvue Inc. (NYSE: KVUE) pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company’s initial public offering (the “IPO” or “Offering”). If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2023.

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

Class Period:Pursuant and/or traceable to the Registration Statement issued in connection with Kenvue's IPO.
If you purchased Kenvue securities 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, the Registration Statement contained false and/or misleading statements and/or failed to disclose that:

  • Kenvue faces potential headwinds as a result of confirmed concerns about the efficacy of phenylephrine  (or “PE”) , which it knew or should have known;
  • Kenvue did not discuss risks relating to the efficacy of phenylephrine in its IPO, the utility of which had been questioned since at least 2007;
  • while Kenvue disclosed risks relating to litigation, it did not disclose specific risks relating to potential litigation arising from adverse findings on the efficacy of phenylephrine; and
  • as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared.

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: Kenvue Inc.
Stock Symbol: KVUE
Class Period: Pursuant and/or traceable to the registration statement issued in connection with Kenvue's IPO
Court: United States District Court for the District of New Jersey

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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.

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