CATALENT, INC. INVESTOR ADVISORY: 4/25/2023 Plaintiff Filing Deadline in Securities Class Action – Contact Lieff Cabraser

PRESS RELEASE
Published March 28, 2023

SAN FRANCISCO, CA / ACCESSWIRE / March 28, 2023 / National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP recommends that investors in Catalent, Inc. ("Catalent" or the "Company") who suffered losses from buying and selling Catalent securities (NYSE:CTLT) between August 30, 2021 and October 31, 2022 contact our securities fraud practice group immediately regarding the pending securities fraud class action against Catalent. The deadline to applyto be a lead plaintiff is April 25, 2023.

Lieff Cabraser Heimann & Bernstein, Tuesday, March 28, 2023, Press release picture

Class Period: August 30, 2021 - October 31, 2022

Lead Plaintiff Motion Deadline: April 25, 2023

Case information: lieffcabraser.com/securities/catalent

Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358

The securities class action alleges that, throughout the Class Period, Catalent and certain of its senior executives and directors made materially false and misleading statements and failed to disclose that: (1) Catalent was overstating its revenues and demand for its COVID-19 manufacturing services; and (2) there were numerous operational and safety issues at Catalent's Bloomington plant that led the FDA to hold back 10 million doses of Moderna's COVID-19 vaccine that were filled and packaged at the plant.

Investors began to learn of defendants' fraud on August 29, 2022, when Catalent disclosed below-projection sales. On this news, Catalent's share price fell $7.42, or 7.4%, to close at $92.28 on August 30, 2022.

On September 21, 2022, news reports revealed that the FDA had been aware of "potential safety concerns at the Catalent plant in late August" causing the agency to hold back "more than 10 million doses" of Moderna's COVID-19 vaccine. In response to this news, Catalent's share price fell $8.09, or 9.3%, across two trading days to close at $79.06 on September 22, 2022.

On November 1, 2022, Catelent's quarterly report further revealed defendants' fraud by disclosing that the company's earnings had fallen to zero and downgrading Catalent's FY2023 revenue guidance by $300 million. In response to this news, Catalent's share price fell $20.83, or 31.7%, across two trading days to close at $44.90 on November 2, 2022.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a "Plaintiffs' Powerhouse" by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $127 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.

Contact:

Sharon Lee
Lieff Cabraser Heimann & Bernstein, LLP
415 956-1000
slee@lchb.com

SOURCE: Lieff Cabraser Heimann & Bernstein



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