Boston, Massachusetts–(Newsfile Corp. – September 28, 2023) – Block & Leviton is investigating FMC Corp. NYSE: FMC for potential securities law violations. Investors who have lost money in their FMC Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/fmc.
What is this all about?
This morning, noted short seller Blue Orca Capital issued a report alleging that “FMC continues to misrepresent to investors that it will not face generic competition for its flagship diamides when in reality, as a result of devasting recent legal defeats, generics have already launched in key markets of India and China and are on the precipice of launching in Brazil.” Blue Orca Capital cited a string of legal losses suffered by FMC in foreign countries, including in its largest market, India, paving the way for an increase in generic competition that has cut into FMC’s revenues.
Shares of FMC Corp. dropped more than 7% in intraday trading following the release of the report on September 7, 2023.
Previously, on July 10, 2023, FMC Corp. cut its revenue guidance for Q2 and full year 2023. The Company cited abrupt and significant inventory reductions by channel partners beginning in late May, despite previously raising its revenue forecast that month.
Shares of FMC Corp. stock dropped as much as 13% in intraday trading on July 10, 2023.
Who is eligible?
Anyone who purchased FMC Corp. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. We have obtained, and are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation’s top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email firstname.lastname@example.org with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/182221