NEW YORK, Jan. 11, 2017 /PRNewswire/ -- Bernstein
Litowitz Berger & Grossmann LLP ("BLB&G") today announced
that it has filed a securities class action lawsuit on behalf of
Lehigh County Employees' Retirement System against Novo Nordisk A/S
("Novo Nordisk" or the "Company") (NYSE: NVO) and certain of its
senior executives. The action, which is captioned Lehigh
County Employees' Retirement System v. Novo Nordisk A/S, No.
17-cv-00209 (D.N.J.), asserts claims under the Securities Exchange
Act of 1934 on behalf of investors in Novo Nordisk American
Depositary Receipts ("ADR") during the time period of April 30, 2015 to October
27, 2016, inclusive (the "Class Period").
The Complaint alleges that during the Class Period, Novo Nordisk
reported materially false and misleading earnings and forecasts in
that they were inflated through the collusive price fixing of the
Company's insulin drugs. The Complaint also alleges that Novo
Nordisk misrepresented and concealed the true extent of the pricing
pressures it was experiencing from pharmacy benefit
managers.
If you wish to serve as Lead Plaintiff for the Class, you must
file a motion with the Court no later than 60 days from
today. Accordingly, the deadline for filing a motion for
appointment as Lead Plaintiff is March
13, 2017. Any member of the proposed Class may move
the Court to serve as Lead Plaintiff through counsel of their
choice, or may choose to do nothing and remain a member of the
proposed Class.
If you wish to discuss this Action or have any questions
concerning this notice or your rights or interests, please contact
Avi Josefson of BLB&G at
212-554-1493, or via e-mail at avi@blbglaw.com.
Since its founding in 1983, BLB&G has built an international
reputation for excellence and integrity. Specializing in
securities fraud, corporate governance, shareholders' rights,
employment discrimination, and civil rights litigation, among other
practice areas, BLB&G prosecutes class and private actions on
behalf of institutional and individual clients worldwide.
Unique among its peers, BLB&G has obtained several of the
largest and most significant securities recoveries in history,
recovering billions of dollars on behalf of defrauded
investors. More information about BLB&G can be found
online at www.blbglaw.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bernstein-litowitz-berger--grossmann-llp-announces-securities-class-action-suit-filed-against-novo-nordisk-as-and-certain-of-its-senior-executives-300389860.html
SOURCE Bernstein Litowitz Berger & Grossmann LLP