LOS ANGELES, April 24, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Diplomat Pharmacy, Inc. (“Diplomat” or “the Company”) (NYSE: DPLO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between February 26, 2018 and February 21, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before April 25, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Diplomat downplayed its success in integrating its PBM business, which included LDI Integrated and National Pharmaceutical, companies it acquired in 2017. As a result, the Company had to record a non-cash impairment charge of $630 million related to the PBM business and its acquisitions. Based on this charge, the Company withdrew its 2019 full-year outlook. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Diplomat, investors suffered damages.
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