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ORGANON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Organon & Co. - OGN
OGNOrganon & (OGN) Prnewswire·2025-05-31 02:50

Core Viewpoint - Organon & Co. is facing a securities class action lawsuit for failing to disclose material information during the class period, which has led to significant financial repercussions for the company and its investors [3][4]. Group 1: Lawsuit Details - Investors have until July 22, 2025, to file lead plaintiff applications in the lawsuit against Organon & Co. for securities purchased between October 31, 2024, and April 30, 2025 [1]. - The lawsuit is pending in the United States District Court for the District of New Jersey, under the case name Hauser V. Organon & Co., et al., No. 25-cv-05322 [5]. Group 2: Financial Impact - On March 10, 2025, Organon announced a drastic reduction in its dividend payout from 0.28to0.28 to 0.02, which contradicted previous assurances to investors regarding the importance of maintaining the dividend [4]. - Following the announcement of the dividend cut, Organon's share price plummeted over 27%, dropping from 12.93pershareonApril30,2025,to12.93 per share on April 30, 2025, to 9.45 per share on May 1, 2025 [4]. Group 3: ClaimsFiler Information - ClaimsFiler is a free shareholder information service that assists investors in recovering funds from securities class action settlements [6]. - The service allows investors to register for free, upload portfolio data, and submit inquiries for case evaluations [6].