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FMC.US
id: 869

FMC (FMC) Patent Protection Case

E.D. Pennsylvania
Court
2:23-cv-04398
Case number
02 Nov 2022
Class period Start
20 Oct 2023
Class period End
08 Jan 2024
Lead Plaintiff motion deadline
  • FMC allegedly hid reduced patent protection, allowing increased competition from generics.
  • On October 23, 2023, the truth came out, leading to a 13% $FMC fall.
The lawsuit claims that FMC misled investors by not revealing that patent protection for its main products was reduced in India, China and Brazil, allowing more competition.

FMC allegedly provided false information about these legal issues and downplayed the impact of generic competition until at least 2026.

This news caused $FMC fall by 13% and $1.1B loss of market cap, damaging shareholders.

Given all this information, investors have reason to suspect that FMC misled them by not disclosing the crucial patent protection information.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Mismanagement
Misleading Statements
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
23 October 2023
Filing date
09 November 2023
Lead Plaintiff Deadline
08 January 2024
Judge
Kai N Scott
Collecting participants…

FMC Corporation

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemic...

    Ticker
    FMC.US
    ISIN
    US3024913036
    CIK
    37785
    Sector
    Basic Materials
    Industry
    Agricultural Inputs
    Country
    USA
    Address
    FMC Tower, Philadelphia, PA, United States, 19104