Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Waldencast plc (NASDAQ: WALD, WALDW) resulting from allegations that Waldencast may have issued materially misleading business information to the investing public.
If you purchased Waldencast securities and would like to join the prospective action, please click “Join This Class Action.”
On July 5, 2023, after the market closed, Waldencast filed a current report with the SEC in which it disclosed, among other things that certain financial statements of Obagi, a company that it had acquired, could no longer be relied upon because Waldencast expected to restate those financial statements.
On this news, the price of Waldencast stock fell $0.76 from a closing price of $7.39 per share on July 5, 2023 to a closing price of $6.63 on July 6, 2023, a 10.2% drop.
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.
