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

Motion to dismiss

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

FMC (FMC) Patent Protection Case

Collecting participants…