Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 07, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Avid Bioservices, Inc. (NASDAQ: CDMO) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Avid stock. Avid investors are encouraged to contact the firm to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Following the market close on March 6, Avid Bioservices announced its review of the reliability of its past financial statements and its potential delay in filing its latest quarterly financial results. The company attributed these issues to an oversight in not lifting a restrictive legend from previously issued 1.25% exchangeable notes.
As a result, Avid Bioservices, Inc.'s shares fell over 28% during intraday trading on March 7, 2024.
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The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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