BAXTER SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Baxter International Inc. - BAX

NEW ORLEANS, July 28, 2023 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 11, 2023 to file lead plaintiff applications in a securities class action lawsuit against Baxter International Inc. (NYSE: BAX), if they purchased the Company's securities between May 12, 2022 and February 8, 2023, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.

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Baxter investors should visit us at https://claimsfiler.com/cases/nyse-bax-4/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Baxter and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On February 9, 2023, pre-market, the Company announced its Fourth-Quarter and Full-Year 2002 earnings results, disclosing that, despite its prior assurances, the problems with its supply chain and the resulting effect on its operations was not under control, that it did not meet its earnings guidance for the year, and that earnings guidance going forward would have to be lowered for the first quarter of 2023.

On this news, shares of Baxter fell from $45.68 per share to $41.01 per share, on unusually heavy trading volume.

The case is Kelley v. Baxter International, Inc., et al., No. 23-cv-04497.

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ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

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