The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Danaher Corporation (NYSE: DHR) who purchased securities between April 21, 2022 and April 24, 2023. The action, which was filed in the United States District Court for the District of D.C., alleges that the Company violated federal securities laws.
In particular, the Danaher lawsuit alleges that (i) as the severity of the COVID-19 pandemic subsided, revenue growth associated with Danaher’s COVID-19-related businesses was declining; (ii) contrary to the Company’s prior representations to investors, revenues associated with Danaher’s non-COVID-19-related businesses were insufficient to compensate for the foregoing negative trend; (iii) accordingly, Danaher overstated the Company’s ability to sustain the growth it had experienced in 2020 and 2021; (iv) as a result, it was unlikely that Danaher would be able to meet its 2023 revenue forecasts; and (v) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
Shareholders have until September 15, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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