Inquiry Launched by Previous Louisiana Attorney General: Kahn Swick & Foti, LLC Examines Leadership of Danaher Corporation - DHR
In a significant development, Danaher Corporation and certain of its executives are currently embroiled in a securities class action lawsuit. The lawsuit alleges potential breaches of fiduciary duties and potential violations of state or federal laws by the corporation's officers and directors.
The investigation, led by Kahn Swick & Foti, LLC, a renowned boutique securities litigation law firm, is gaining traction. The law firm, which has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg, is committed to seeking recoveries for investment losses resulting from corporate fraud or malfeasance by publicly traded companies.
The court presiding over the securities class action lawsuit has denied Danaher's motion to dismiss in part, allowing the case to move forward. This decision is a significant step towards uncovering the truth and potentially holding those responsible accountable.
On April 25, 2023, Danaher Corporation disclosed a 7.0% year-over-year decrease in revenues to $7.2 billion. The decrease was attributed to the impact of lower COVID-19 revenue and a 6.0% non-GAAP base business core revenue growth. Moreover, the corporation's non-GAAP base business core revenue growth projection for the second quarter and full year 2023 was decreased from high-single-digit to mid-single-digit.
Charles C. Foti, Jr., Esq., a partner at Kahn Swick & Foti, LLC, has commenced an investigation into Danaher Corporation. Lewis Kahn, the Managing Partner of Kahn Swick & Foti, LLC, is leading the charge, inviting shareholders who have information that would assist in the investigation or have been long-term holders of Danaher shares to call toll-free at 1-833-938-0905 or email Lewis Kahn at [email protected].
For more information about the investigation, visit https://www.ksfcounsel.com/cases/nyse-dhr/. KSF, a firm ranked by SCAS among the top 10 firms nationally based upon total settlement value this past year, can also be found on various social media platforms, including Facebook, Instagram, YouTube, TikTok, and LinkedIn.
It is essential to note that currently, there are no publicly available court rulings regarding the Danaher Corporation related to violations of federal laws on non-disclosure of material information concerning breaches of federal securities laws.
KSF serves a diverse clientele, including public and private institutional investors, and retail investors. The firm is dedicated to protecting the rights of its clients and ensuring that those responsible for any wrongdoing are held accountable.
As the investigation continues, it is crucial for shareholders to stay informed and vigilant. The team at Kahn Swick & Foti, LLC is working tirelessly to uncover the truth and seek justice for those affected.
