Cardinal Health, Inc.
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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Cardinal Health, Inc. (NYSE: CAH) from March 2, 2015 through May 2, 2018, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Cardinal Health investors under the federal securities laws.
If you bought Cardinal Health securities between March 2, 2015 and May 2, 2018, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Cardinal Health, Inc. – CAH
New York, N.Y., August 2, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Cardinal Health, Inc. (NYSE: CAH) from March 2, 2015 through May 2, 2018, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Cardinal Health investors under the federal securities laws.
To join the Cardinal Health class action, go to http://zhanginvestorlaw.com/cases/cardinal-health-inc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements by asserting that Cordis Corp., a medical device manufacturer that Cardinal Health acquired in March 2015, would benefit from Cardinal Health’s advanced inventory management and supply chain information technology solutions. Defendants also falsely represented that Cardinal Health properly “reserve[d] for inventory obsolescence” and that “[i]nventories presented in the consolidated balance sheets [were] net of reserves for excess and obsolete inventory.” When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/cardinal-health-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.