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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 27, 2020 to file lead plaintiff applications in a securities class action lawsuit against Becton, Dickinson and Company (NYSE: BDX).
Becton and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 6, 2020, the Company disclosed a cut to its fiscal 2020 guidance with revenue expected to increase by only 1.5% to 2.5% “to reflect the impact of the remediation effort and anticipated loss of sales of the Alaris infusion system”; that the software remediation plan for the Alaris system “will require additional regulatory filings”; that existing customers would have “access to the Alaris System under medical necessity”; and that it had recorded a $59 million charge in connection with a voluntary recall of certain Alaris pumps.
On this news, the price of Becton’s shares plummeted.
If you purchased securities of Becton and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Stephen Kabak, as Trustee of the Stephen Kabak & Joy Schary Living Trust , et al. v. Becton, Dickinson and Company, 20-cv-02155.
Click here to read the first filed complaint.