Baxter International Inc. (BAX)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Baxter International Inc. (BAX)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Baxter International Inc. (“Baxter” or the “Company”) (NYSE: BAX). The investigation concerns whether Baxter and certain of its officers and/or directors have violated federal securities laws.
On October 24, 2019, Baxter disclosed an Audit Committee investigation into its accounting for certain foreign-currency transactions that violated GAAP and resulted in Baxter misreporting almost $300 million in net foreign-exchange gains over the past five years. Baxter said it has notified the SEC of the accounting error, and that it will not be able to timely file its third quarter 2019 quarterly report and that it expects to restate its previously reported financial statements. Following this news, Baxter stock dropped during intraday trading on October 24, 2019.
If you are aware of any facts relating to this investigation, or purchased Baxter shares, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.