Investigation
Amicus Therapeutics, Inc. (FOLD)
Whether directors and officers of Amicus Therapeutics, Inc. (FOLD) breached their fiduciary duties to the company and its shareholders.
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Investigation
11/19/2021
Initial Lawsuit
11/19/2021
Lawsuit Progression
05/02/2022
This is a class action on behalf of persons and entities that purchased or otherwise acquired StoneCo securities between March 11, 2021 and November 16, 2021, inclusive.
According to the complaint, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants allegedly failed to disclose to investors:
(1) that StoneCo was experiencing difficulties in implementing its credit product;
(2) that StoneCo faced significant risks via its point-of-sale vendor, PAX Global Technology Ltd.;
(3) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
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