Glancy Prongay & Murray LLP Announces Deadline for QuidelOrtho Investors to Pursue Legal Action

LOS ANGELES, May 08, 2024 (GLOBE NEWSWIRE) -- The legal firm Glancy Prongay & Murray LLP ("GPM") has issued a reminder to the investing community regarding the impending deadline of June 11, 2024, for filing a lead plaintiff motion in the class action lawsuit. This lawsuit has been initiated on behalf of shareholders who acquired stakes in QuidelOrtho Corporation QDEL during a specified period.

Background of QuidelOrtho Corporation

QuidelOrtho Corporation, trading under the ticker QDEL, is a recognized entity in the diagnostics industry, specializing in the development, manufacture, and marketing of testing solutions. These solutions range across various medical spectrums including infectious disease, cardiology, and women's health, amongst others. Headquartered in San Diego, California, QuidelOrtho serves a global market, asserting its presence in the healthcare sector with its diverse portfolio of diagnostic tests.

The Legal Proceedings

Investors who purchased shares of QuidelOrtho QDEL and were affected by the company's actions, or lack thereof, which may have led to financial loss, are being urged to consider actively participating in the lawsuit. GPM stresses the importance of the upcoming June 11, 2024 deadline, which marks the final day for investors to assert their position as a lead plaintiff in the case. Those failing to file by this date may be excluded from any potential financial restitution that could result from the lawsuit.

The class action suit alleges misconduct or misrepresentation on the part of QuidelOrtho, which could have misled investors regarding the company's performance and prospects, thereby possibly affecting the stock's value adversely. By stepping forward, investors may be able to secure a form of compensation for any damages incurred due to the alleged corporate oversights.

Participation in the Class Action

Investors interested in participating in the class action lawsuit have a number of options. They may contact GPM to obtain more information about their rights and applicable procedures. Investors who have suffered losses during the trading of QuidelOrtho QDEL shares are specifically encouraged to move swiftly in light of the deadline. Engaging in the process now provides investors the opportunity to potentially recover their investments and hold QuidelOrtho accountable for any perceived negligence or misrepresentation.

Conclusion

As the class action lawsuit against QuidelOrtho QDEL gains momentum, Glancy Prongay & Murray LLP wishes to remind investors of the critical importance of the June deadline. The timeline for affected investors to become a lead plaintiff is fast approaching, and timely action is crucial for those seeking legal redress. The outcome of this lawsuit could serve as a noteworthy example in the realm of investment litigation and the enforcement of corporate responsibility.

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