NEW YORK, NY / ACCESSWIRE / September 10, 2019 / Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Cardinal Health, Inc. (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 class action, go to http://pawarlawgroup.com/cases/cardinal-health-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email email@example.com for information on the class action. 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.
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.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around the world.
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
SOURCE: Pawar Law Group
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