NEW
YORK, March 8, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of
Catalent, Inc..
Shareholders who purchased shares of CTLT during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/catalent-inc-loss-submission-form/?id=37088&from=4
CLASS PERIOD: August 30,
2021 to October 31, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: a) Catalent materially
overstated its revenue and earnings by prematurely recognizing
revenue in violation of U.S. Generally Accepted Accounting
Principles ("GAAP"); b) Catalent had material weaknesses in its
internal control over financial reporting related to revenue
recognition; c) Catalent falsely represented demand for its
products while it knowingly sold more product to its direct
customers than could be sold to healthcare providers and end
consumers; d) Catalent disregarded regulatory rules at key
production facilities in order to rapidly produce excess inventory
that was used to pad the Company's financial results through
premature revenue recognition in violation of GAAP and/or stuffing
its direct customers with this excess inventory; and e) as a result
of the foregoing, defendants lacked a reasonable basis for their
positive statements about the Company's financial performance,
outlook, and regulatory compliance during the class period.
DEADLINE: April 25, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/catalent-inc-loss-submission-form/?id=37088&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of CTLT during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is April 25, 2023. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm