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ADMA Negative Sentiment Score: 30/100

ADMA INVESTIGATION NEWS: The Securities Fraud Investigation into ADMA Biologics, Inc. after Stock Drops 20% is Ongoing; Contact BFA Law if You Lost Money (Nasdaq:ADMA)

Key Takeaway: ADMA Biologics, Inc. is currently under investigation for potential federal securities law violations following a dramatic stock decline exceeding 20%. This decline was triggered by the unexpected resignation of the company’s outside auditor, CohnReznick LLP. Investors are being encouraged to seek legal recourse, and the law firm Bleichmar Fonti & Auld LLP is actively collecting information from affected shareholders. The investigation reflects serious concerns regarding the company's compliance and financial practices.

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CONCERNS & RISKS

  • ADMA Biologics experienced a significant stock drop of over 20%.
  • The company's independent auditor resigned unexpectedly.
  • A securities fraud investigation has been initiated against ADMA Biologics.
  • Investors may incur losses due to current legal challenges.

Full Press Release Details

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into ADMA Biologics, Inc. (NASDAQ: ADMA) for potential violations of the federal securities laws.
If you invested in ADMA Biologics, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/adma-biologics-inc.
Why Did ADMA Biologics’s Stock Drop?
ADMA Biologics is an end-to-end commercial biopharmaceutical company that manufactures, markets and develops specialty biologics for the treatment of immunodeficient patients at risk for infection and others at risk for certain infectious diseases.
On October 9, 2024, ADMA Biologics disclosed the surprise resignation of its independent outside auditor CohnReznick LLP.
The news has caused a precipitous decline in the price of ADMA Biologics stock. During trading on October 10, 2024, the price of ADMA Biologics stock declined more than 20%.
If you invested in ADMA Biologics you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Submit your information by visiting:
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Attorney advertising. Past results do not guarantee future outcomes.

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Frequently Asked Questions

Why is ADMA Biologics under investigation?

ADMA Biologics is being investigated for potential violations of federal securities laws.

What caused ADMA Biologics's stock to drop?

The unexpected resignation of ADMA Biologics's auditor caused the stock to decline over 20%.

Who is Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a law firm specializing in securities class actions.

What are legal options for ADMA investors?

Investors can submit their information to the firm for potential legal representation.

Are there costs for shareholders pursuing claims?

Shareholders incur no costs; representation is on a contingency fee basis.

Last updated: Oct 21, 2024