Bausch Health Companies, Inc. (NYSE: BHC)

This lawsuit is for anyone who acquired securities in Bausch Health Companies, Inc. (NYSE: BHC) from August 6, 2020 through May 3, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by touting the benefits that the spinoff of the Bausch + Lomb Corporation would have on its shareholders, when the spinoff would not have those benefits but rather the Company was undertaking the spinoff to undermine a prior securities lawsuit brought against the Company.

On May 4, 2023, Bausch released its first quarter 2023 financial results, revealing negative earnings, indicating further delay of its B+L spinoff share distribution, which had been originally scheduled for May 2022. Analysts claimed that the probability of a distribution was now less than 50% and unlikely to occur in the near term. 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 Bausch Health Companies, Inc. (NYSE: BHC) from August 6, 2020 through May 3, 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.