BENSALEM, Pa.--(BUSINESS WIRE)--
Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the common stock of Mead Johnson Nutrition Company (“Mead Johnson” or the “Company”) (MJN) concerning possible violations of federal securities laws. The investigation focuses on Mead Johnson’s business and operations between April 26, 2012 and July 1, 2013.
Mead Johnson is an Illinois-based manufacturer and distributor of nutritional products for infants, children and expectant and nursing mothers. The Company markets its portfolio of products, which includes Enfamil infant formula, in more than 50 countries in North America, Europe, Asia and Latin America. The investigation is related to news reports of a Chinese government antitrust review of resale prices in the infant formula market. According to an article published July 2, 2013 by Bloomberg News, China's National Development and Reform Commission -- the country’s top economic planning agency -- commenced an investigation into the pricing of infant formula sold by foreign milk-powder companies, including Mead Johnson and others, “for possibly violating anti-monopoly laws.”
Over two trading days following the news of the Chinese government’s investigation, the price of Mead Johnson shares fell more than 13%, from $79.43 per share on July 1, 2013, to a closing price of $68.85 per share on July 3, 2013.
If you purchased Mead Johnson shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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