Viatris Inc
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Health Care : Pharmaceuticals | Mid Cap Value
Company profile

Viatris Inc. is a global healthcare company. The Company has four segments: Developed Markets, Greater China, JANZ and Emerging Markets. Developed Markets segment comprises its operations primarily in North America and Europe. Greater China segment includes its operations in China, Taiwan and Hong Kong. JANZ segment reflects its operations in Japan, Australia and New Zealand. Emerging Markets segment encompasses its presence in approximately 125 countries with developing markets and emerging economies including in Asia, Africa, Eastern Europe, Latin America and the Middle East, as well as its anti-retroviral franchise. Its portfolio comprises approximately 1,400 approved molecules across a range of key therapeutic areas, including globally recognized iconic and key brands, generics, complex generics, and biosimilars. It operates approximately 40 manufacturing sites worldwide, which produces oral solid doses, injectables, complex dosage forms and active pharmaceutical ingredients.

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Last Trade
Delayed
$11.24
0.13 (1.17%)
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Closing Price
$11.11
Day's Change
0.00 (0.00%)
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Volume
(Light)
Volume:
1,054

10-day average volume:
14,610,516
1,054

TUESDAY INVESTOR DEADLINE: Volta Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - VLTA

12:02 am ET May 28, 2022 (Newsfile) Print

San Diego, California--(Newsfile Corp. - May 28, 2022) - Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Volta Inc. (NYSE: VLTA) securities between August 2, 2021 and March 28, 2022, inclusive (the "Class Period") have until this upcoming Tuesday, May 31, 2022 to seek appointment as lead plaintiff in Kampe v. Volta Inc., No. 22-cv-02055 (N.D. Cal.). The Volta class action lawsuit charges Volta and certain of its top executive officers with violations of the Securities Exchange Act of 1934. A similar lawsuit, Alvarez v. Volta Inc., No. 22-cv-02730, is also pending in the Northern District of California.

If you suffered substantial losses and wish to serve as lead plaintiff, please provide your information here:

https://www.rgrdlaw.com/cases-volta-inc-class-action-lawsuit-vlta.html

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.

CASE ALLEGATIONS: Volta partners with real estate and retail businesses to locate and deploy its electric vehicle charging stations. On August 26, 2021, Volta Industries, Inc. ("Legacy Volta"), a private entity, and Tortoise Acquisition Corp. II, a special purpose acquisition company ("SPAC" or blank-check company), completed a business combination pursuant to which the combined entity was named Volta Inc.

The Volta class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Volta had improperly accounted for restricted stock units issued in connection with the business combination; (ii) as a result, Volta had understated its net loss for third quarter 2021; (iii) there were material weaknesses in Volta's internal control over financial reporting that resulted in a material error; (iv) as such, Volta would restate its financial statements; (v) consequently, Legacy Volta's founders would imminently exit Volta; (vi) thus, Volta's financial results would be adversely impacted; and (vii) as a result of the foregoing, defendants' positive statements about Volta's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Robbins Geller has launched a dedicated SPAC Task Force to protect investors in blank check companies and seek redress for corporate malfeasance. Comprised of experienced litigators, investigators, and forensic accountants, the SPAC Task Force is dedicated to rooting out and prosecuting fraud on behalf of injured SPAC investors. The rise in blank check financing poses unique risks to investors. Robbins Geller's SPAC Task Force represents the vanguard of ensuring integrity, honesty, and justice in this rapidly developing investment arena.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Volta securities during the Class Period to seek appointment as lead plaintiff in the Volta class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.

ABOUT ROBBINS GELLER: Robbins Geller is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone - more than triple the amount recovered by any other plaintiffs' firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever - $7.2 billion - in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Attorney advertising.

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Contact:

Robbins Geller Rudman & Dowd LLP

655 W. Broadway, San Diego, CA 92101

J.C. Sanchez, 800-449-4900

jsanchez@rgrdlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125602

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