YORK, Aug. 4, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of Danaher
Corporation (NYSE: DHR).
To receive updates on the lawsuit, fill out the
The lawsuit seeks to recover losses for shareholders who
purchased Danaher between April 21,
2022 and April 24, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
September 15, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Danaher Corporation issued
materially false and/or misleading statements and/or failed to
disclose that: (i) as the severity of the COVID-19 pandemic
subsided, revenue growth associated with Danaher's COVID-19-related
businesses was declining; (ii) contrary to the Company's prior
representations to investors, revenues associated with Danaher's
non-COVID-19-related businesses were insufficient to compensate for
the foregoing negative trend; (iii) accordingly, Danaher overstated
the Company's ability to sustain the growth it had experienced in
2020 and 2021; (iv) as a result, it was unlikely that Danaher would
be able to meet its 2023 revenue forecasts; and (v) as a result,
defendants' public statements were materially false and/or
misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
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SOURCE Jakubowitz Law