Class Action Filed Against Novo Nordisk Over Alleged Securities Fraud
A class action lawsuit has been initiated against Danish pharmaceutical giant Novo Nordisk A/S (NVO). The lawsuit, filed on behalf of investors allegedly harmed by securities fraud, covers the period from May 7, 2025, to July 28, 2025. Investors can participate without any out-of-pocket costs or fees.
Novo Nordisk reduced its sales and profit outlook on July 29, 2025, attributing the revision to slower market growth and increased competition. This announcement led to a substantial decline in the company's stock price. The lawsuit alleges that the company issued overly optimistic statements while concealing material adverse facts about its growth potential in the GLP-1 market during the specified time frame. Investors who suffered losses during this period have until September 30, 2025, to request the court to appoint them as lead plaintiff. The name of the lawyer handling this case for clients of Levi & Korsinsky is not publicly disclosed.
The class action lawsuit against Novo Nordisk A/S seeks to hold the company accountable for alleged securities fraud. Investors who suffered losses have a deadline of September 30, 2025, to take action. The outcome of this lawsuit could significantly impact the company and its investors.
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