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ADMA Negative Sentiment Score: 25/100

ADMA INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into ADMA Biologics Inc and Encourages Investors to Contact the Firm

Key Takeaway: ADMA Biologics Inc is currently under investigation by Bronstein, Gewirtz & Grossman, LLC following the abrupt resignation of its independent auditor, CohnReznick LLP. This announcement led to a significant decline in the company's stock price, falling 16.33% to close at $17.01 per share. The investigation encourages investors to share information related to the case, with the firm representing them on a contingency fee basis. ADMA's situation raises concerns about its financial health and investor confidence.

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CONCERNS & RISKS

  • ADMA Biologics' independent auditor resigned unexpectedly, indicating potential financial issues.
  • The resignation resulted in a significant drop in ADMA's stock price by over 16%.

Full Press Release Details

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of ADMA Biologics Inc (“ADMA Biologics” or “the Company”) (NASDAQ: ADMA). Investors who purchased ADMA Biologics securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/ADMA.
Investigation Details
On October 9, 2024, ADMA Biologics disclosed the abrupt resignation of its independent outside auditor CohnReznick LLP.  Following this announcement, ADMA’s stock price fell $3.32 per share, or 16.33%, to close at $17.01 per share on October 10, 2024.
If you are aware of any facts relating to this investigation or purchased ADMA Biologics securities, you can assist this investigation by visiting the firm’s site: bgandg.com/ADMA. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com

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Frequently Asked Questions

What is the focus of the investigation by Bronstein, Gewirtz & Grossman?

The investigation is centered on potential claims from purchasers of ADMA Biologics securities.

What caused ADMA Biologics' stock price to drop?

The stock price fell after ADMA disclosed the sudden resignation of its auditor, CohnReznick LLP.

How much did ADMA Biologics' stock decline?

ADMA's stock price declined by $3.32 per share, or 16.33%, closing at $17.01.

Is there any cost for investors participating in the investigation?

No, there is no cost; the firm operates on a contingency fee basis.

How can investors assist in the ADMA investigation?

Investors can help by visiting bgandg.com/ADMA or contacting the firm's representatives.

Last updated: Oct 15, 2024