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BIOGEN ALERT: Bragar Eagel & Squire, P.C. is Investigating Biogen Inc. on Behalf of Biogen Stockholders and Encourages Investors to Contact the Firm

Key Takeaway: Bragar Eagel & Squire, P.C. is investigating Biogen Inc. on behalf of its stockholders due to potential violations of federal securities laws. The investigation follows a subpoena from the Department of Justice regarding Biogen's international business operations. As a result of this news, Biogen's stock price experienced a significant decline, impacting investors. The law firm is encouraging shareholders who have faced losses to reach out for more information regarding their rights.

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CONCERNS & RISKS

  • Biogen has received a subpoena from the DOJ regarding its business operations in foreign countries.
  • The stock price of Biogen fell by 2.6%, resulting in a significant loss for investors following the announcement.
  • The investigation could reveal unlawful business practices by Biogen, potentially leading to further legal issues.

Full Press Release Details

NEW YORK, Feb. 24, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Biogen Inc. (“Biogen” or the “Company”) (NASDAQ: BIIB) on behalf of Biogen stockholders. Our investigation concerns whether Biogen has violated the federal securities laws and/or engaged in other unlawful business practices.
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On February 14, 2024, Biogen disclosed that it had received a subpoena from the DOJ seeking information about its “business operations in several foreign countries.”
On this news, Biogen’s stock price fell $5.91, or 2.6%, to close at $220.74 per share on February 14, 2024, thereby injuring investors.
If you purchased or otherwise acquired Biogen shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form.  There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.

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Frequently Asked Questions

What is the investigation about Biogen Inc.?

Bragar Eagel & Squire, P.C. is investigating Biogen for potential securities law violations.

What triggered the stock price drop for Biogen?

Biogen's stock fell 2.6% after it revealed a DOJ subpoena regarding its foreign operations.

Who can participate in the legal action against Biogen?

Biogen stockholders who suffered losses can participate in the investigation.

How can I contact Bragar Eagel & Squire for more information?

You can reach them via email at investigations@bespc.com or call (212) 355-4648.

Is there a cost for participating in the investigation?

There is no cost or obligation for stockholders to participate in the investigation.

Last updated: Feb 24, 2024