Archived Investigations

Catalent, Inc. (NYSE: CTLT)

Company Name:Catalent, Inc.

Stock Symbol:NYSE: CTLT

Court:District of New Jersey

Class Period Start:08/30/2021

Class Period End (inclusive):10/31/2022

Filing Deadline:The deadline has passed.

February 27, 2023

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 25, 2023 to file lead plaintiff applications in a securities class action lawsuit against Catalent, Inc. (the “Company”) (NYSE: CTLT).

Catalent and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On November 1, 2022, the Company reported its financial results for 1Q2023 ending September 30, 2022, disclosing that its earnings had fallen to zero, a slashed fiscal year 2023 revenue guidance from $4.975B to $5.225B to the range of $4.625B to $4.875B, and that it was anticipating “negative P&L [profit and loss] effects,” due to regulatory issues.

On this news, shares of Catalent plummeted by 31.7% over two trading sessions, to close at $44.90 per share on November 2, 2022.

The case is City of Warwick Retirement System v. Catalent, Inc., No. 3:23-cv-1108.

Click here to read the first filed complaint.

Recent Victories

Final Approval of $189 Million Settlement Granted in TuSimple Securities Litigation

December 23, 2024

On December 18, 2024, a Final Judgment of $189 million settlement of the Class’s claims in Dicker v. TuSimple Holdings, Inc. et al., was approved.

$189M TuSimple Securities Fraud Class Action Preliminarily Approved

September 5, 2024

The Hon. Roger T. Benitez preliminarily approved a $189,000,000 class action settlement in the TuSimple securities class action.

Final Approval of $27.5 Million Settlement Granted in Velodyne Securities Litigation

August 19, 2024

The Hon. Susan Illston entered a Final Judgment approving a $27.5 million settlement of the Class’s claims in the Velodyne Lidar litigation.

Final Approval of $7.75 Million Settlement Granted in GW Pharma Securities Litigation

April 4, 2024

The Hon. Cynthia Bashant entered a Final Judgment approving a $7.75 million settlement in a Class action for breach of federal securities laws relating to a proposed merger of pharmaceutical company GW Pharmaceuticals.

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Marketing

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the right to be informed;
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the right to rectification;
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the right to object; and
rights in relation to automated decision making and profiling.

To exercise these rights with respect to any data provided to Kahn Swick & Foti, please contact us. All requests will be dealt with in accordance with the law.

Your California Privacy Rights

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Changes to Our Privacy Policy

Kahn Swick & Foti reserves the right to change this policy at any time by posting a new privacy policy at this location.

How to Contact Us

If you have questions concerning this Privacy Notice, wish to obtain additional information, or exercise specific data subject rights pursuant to European law (including the General Data Protection Regulation, and other country-specific data protection laws that may apply), please contact us.

Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us