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CRL.US
id: 728, Created by Stan Vick Chase, Scout
Charles River Laboratories (CRL) DOJ Investigation Case
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On February 22, 2023, Charles River Laboratories International, Inc. (CRL) revealed that it had received a subpoena from the DOJ relating to an ongoing investigation in conjunction with the U.S. Fish and Wildlife Service (“USFWS”) into the supply chain and illegal importation of non-human primates for research.
The Company noted that it was voluntarily suspending shipments of primates from Cambodia, which would negatively impact its earnings for the year and would reduce revenue growth.
On this news, $CRL fell 10%, injuring investors.
Taking all appeared facts into account, Investors have reasons to suspect Charles River and its Leaders of misleading and failing to disclose material adverse facts about the Company’s business and operation, specifically that:
- Charles River had engaged in illegal activity with respect to its importation of non-human primates for research;
- Charles River was at a heightened risk of criminal and regulatory investigation by, inter alia, the U.S. Department of Justice;
- Charles River would be forced to suspend shipments of primates from Cambodia; and
- As a result of the foregoing, positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Alleged Offence
Misleading Statements,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
22 February 2023
Case number
1:23-cv-11132
Filing date
19 May 2023
Class period Start
05 May 2020
Class period End
21 February 2023
Lead Plaintiff Deadline
18 July 2023
Court
District of Massachusetts