SAN DIEGO, Oct. 22, 2019 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against QIAGEN N.V. ("QIAGEN" or the "Company") (NYSE: QGEN) for violations of federal securities laws.
The firm is investigating whether QIAGEN made misrepresentations and/or concealed information regarding regional demand for its molecular and testing applications. On October 7, 2019, QIAGEN warned that Q3 2019 net sales growth would be significantly lower than initial projections, which the Company attributed to weaker-than-expected developments in China. The Company also disclosed that that it would be shifting its global operations organization to a regional manufacturing structure and taking a restructuring charge of $260 - $265 million. Finally, the Company also announced the abrupt resignation of Peer Schatz, QIAGEN's longtime Chairman and Chief Executive Officer. Following these disclosures, QIAGEN's share price plummeted over 20%, from a close of $32.06 per share on October 7, 2019 to a close of $25.41 per share on October 8, 2019.
If you lost money, realized or unrealized on your QIAGEN investment, and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
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