Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 30, 2019 to file lead plaintiff applications in a securities class action lawsuit against Cardinal Health, Inc. (NYSE: CAH).
Cardinal Health and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 3, 2018, Cardinal Health disclosed dismal results for 3Q2018, including a cut to its FY2018 earnings guidance, based primarily on the “disappointing performance” of its Cordis Corp. unit, contrary to the Company’s prior statements, including an inventory miscalculation that resulted in millions of dollars of expired unsellable product being written off.
On this news, the price of Cardinal’s shares plummeted.
If you purchased shares of Cardinal Health 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 (email@example.com), or fill out the form on this page.
The case is Louisiana Sheriffs’ Pension & Relief Fund v. Cardinal Health, Inc., 2:19-cv-03347. Click here to read the case complaint.