(DPLO) Alert: Johnson Fistel, LLP Reminds Investors of Deadline in the Class Action Lawsuit Against Diplomat Pharmacy, Inc.

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Mar 10, 2019, 09:10 ET

SAN DIEGO, March 10, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP reminds investors that a class action lawsuit has been filed against Diplomat Pharmacy, Inc. ("Diplomat") (NYSE: DPLO) on behalf of all purchasers of common stock during the period between February 26, 2018 through February 21, 2019, inclusive (the "Class Period").

If you wish to serve as a lead plaintiff, you must move the Court no later than April 25, 2019. If you wish to discuss this action, have any questions concerning this notice, or your rights or interests, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.

Additionally, you can [click here to join this action]. There is no cost or obligation to you.

The complaint alleges that defendants made false and misleading statements and failed to disclose that: (1) Diplomat had downplayed its success in integrating and growing its PBM business, which included LDI Integrated and National Pharmaceutical, two companies Diplomat had acquired in late 2017; (2) consequently, Diplomat would need to record a non-cash impairment charge upwards of approximately $630 million relating to its PBM business and these 2017 acquisitions; (3) due to the foregoing, Diplomat would withdraw its preliminary 2019 full-year outlook issued less than seven weeks prior; and (4) as a result, defendants' statements about Diplomat's business, operations and prospects were materially false and misleading and lacked a reasonable basis at all relevant times.

Plaintiff seeks to recover damages on behalf of all purchasers of Diplomat common stock during the Class Period, February 26, 2018 through February 21, 2019; you can [click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

SOURCE Johnson Fistel, LLP