NEW
YORK, Feb. 13, 2025 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of ICON Public Limited Company (NASDAQ: ICLR).
Shareholders who purchased shares of ICLR during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/icon-public-limited-company-loss-submission-form/?id=128959&from=4
CLASS PERIOD: July 27, 2023
to October 23, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (a)ICON was
suffering from a material loss of business due to customer cost
reduction measures and other widespread funding limitations
impacting the Company's client base; (b)ICON's purported functional
service provision and hybrid model offerings were insufficient to
shield the Company from the adverse effects of a significant market
downturn; (c) the requests for proposals ICON received from its
biotechnology customers during the Class Period were used in
substantial part as price discovery tools, and thus were not
indicative of underlying client demand; (d)ICON's customers had
canceled contracts, limited or reduced engagements, delayed
clinical trial work, and/or failed to enter into new contracts with
ICON for additional clinical trial work at historical rates once
existing projects ended (or were scheduled to end) in 2024;
(e)ICON's two largest customers were diversifying their clinical
research organization providers away from the Company; (f)as a
result of (a)-(e) above, ICON's reported net new business awards
and book-to-bill metrics materially misrepresented client demand
for ICON's services; and (g)as a result of (a)-(f) above, ICON was
tracking materially below the 2024 revenue and EPS guidance issued
during the Class Period and such guidance lacked a reasonable
factual basis.
DEADLINE: April 11, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/icon-public-limited-company-loss-submission-form/?id=128959&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of ICLR during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is April 11, 2025. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm