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Stock impact report

Kuehn Law Encourages Investors of QuidelOrtho Corporation to Contact Law Firm

QuidelOrtho Corporation (QDEL) 
Last quidelortho corporation earnings: 2/12 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.quidel.com
Company Research Source: GlobeNewswire
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of QuidelOrtho Corporation (NASDAQ: QDEL) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, QuidelOrtho insiders caused the company to misrepresent or fail to disclose that (a) QuidelOrtho sold more COVID-19 tests to its distributors and pharmacy chain customers than they could resell to healthcare providers and end customers; (b) excess inventories of COVID-19 tests existed throughout the supply chain; (c) as a result, QuidelOrtho's distributors and pharmacy chain customers were poised to significantly reduce their COVID-19 test orders; (d) undisclosed problems created a heightened risk that the new test called the savanna respiratory viral panel-4 test would experience a delayed commercial launch in the united states; (e) as a result, the company lacked a reasonable basis for positive stat Show less Read more
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