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Novo Nordisk A/S (NVO)

NYSE:NVO

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Novo Nordisk A/S To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Novo Nordisk A/S (“Novo Nordisk” or the “Company”) (NYSE:NVO) of the March 13, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Novo Nordisk American Depositary Receipts (“ADRs”) between April 30, 2015 and October 27, 2016 (the “Class Period”).  The case, LEHIGH COUNTY EMPLOYEES’ RETIREMENT SYSTEM v. NOVO NORDISK A/S et al, No. 2:17-cv-00209 was filed on January 11, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by reporting materially false and misleading earnings and forecasts.  The aforementioned reported earnings and forecasts were inflated through the collusive price fixing of the Company’s insulin drugs.  Additionally, the lawsuit alleges that the Company misrepresented and concealed the true extent of the pricing pressures it was experiencing from pharmacy benefit managers. Investors began to learn the truth regarding Novo Nordisk’s business through a series of corrective disclosures, which negatively impacted the price of the Company’s ADRs.

Take Action

If you invested in Novo Nordisk ADRs between April 30, 2015 and October 27, 2016 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Novo Nordisk’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Novo Nordisk A/S (NVO)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 01/11/2017

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