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News  ›  GlobeNewswire Inc.

Baxter International Stockholders with Large Losses Should Contact Robbins LLP for Information About Leading the BAX Securities Class Action

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Robbins Llp
Baxter International Stockholders with Large Losses Should Contact Robbins LLP for Information About Leading the BAX Securities Class Action

Baxter International is facing a class action lawsuit alleging that its Novum LVP medical device suffered systemic defects causing potential patient harm, leading to a 22.4% stock drop after suspending device sales.

Insights
GOOGL   positive

Strong Q3 performance with over $102 billion revenue, 13% digital ad revenue growth, 34% Google Cloud revenue increase, and significant AI investments positioning the company for future growth


BAX   negative

Company allegedly misled investors about device safety, suspended product sales, experienced significant stock price decline, and faces potential legal action due to reported device malfunctions risking patient safety