Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating certain directors and officers of Becton, Dickinson and Company (“Becton”) (NYSE: BDX) for breaching their fiduciary duties to Becton and its shareholders. If you are a Becton shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or firstname.lastname@example.org.
Scott+Scott is investigating whether Becton’s board of directors (the “Board”) or senior management failed to manage Becton in an acceptable manner, in breach of their fiduciary duties to Becton, and whether Becton has suffered damages as a result. Specifically, Scott+Scott is investigating whether the Board allowed Becton to fail to disclose material information, including whether: (1) that certain of Becton’s Alaris infusion pumps experienced software errors and alarm prioritization issues; (2) that as a result, Becton was investing in remediation efforts to address these product issues, rather than a software upgrade to “make enhancements”; (3) that Becton was reasonably likely to face regulatory delays in connection with the software remediation; and (4) that as a result of the foregoing, Becton was reasonably likely to recall certain of its Alaris infusion pumps.
On February 6, 2020, Becton lowered its fiscal 2020 guidance, announcing that it expected revenue to increase by only 1.5% to 2.5% “to reflect the impact of the remediation effort and anticipated loss of sales of the Alaris infusion system.” According to Becton, the software remediation plan for the Alaris system “will require additional regulatory filings” and existing customers would have “access to the Alaris System under medical necessity.” Becton further disclosed that it had recorded a $59 million charge in connection with a voluntary recall of certain Alaris pumps. On this news, the price of Becton shares fell $33.74, or nearly 11.8%, to close at $252.25 per share on February 6, 2020.
What You Can Do
If you are a Becton shareholder, you may have legal claims against Becton’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or email@example.com.
Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia, and Ohio.
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