Baxter International, Inc. - The Law Offices Of Howard G. Smith

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This lawsuit is for anyone who acquired securities in Baxter International, Inc. (NYSE: BAX) from May 25, 2022 through February 8, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the class period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by concealing the true extent of the supply chain problems the Company was experiencing while simultaneously exaggerating the Company’s ability to maintain a healthy supply chain in the face of global pressures.

On February 9, 2023, before the market opened, Baxter released its fourth quarter and full year 2022 financial results, revealing that the Company did not meet its earning guidance for the year. The company claimed that “supply chain headwinds continue to weigh on business performance.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Baxter International, Inc. (NYSE: BAX) from May 25, 2022 through February 8, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.