OGN INVESTOR NEWS: Organon & Co. has been Sued for Securities Fraud – Contact BFA Law before July 22 Deadline (NYSE:OGN)
NEW YORK, June 08, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Organon & Co. (NYSE: OGN) and certain of the Company's senior executives for potential violations of the federal securities laws.
If you invested in Organon you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/organon-co-class-action.
Investors have until July 22, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Organon securities. The case is pending in the U.S. District Court for the District of New Jersey and is captioned: Hauser v. Organon & Co., et al., No. 25-cv-05322.
Why was Organon Sued for Securities Fraud?
Organon is a global healthcare company focused on women's health that has historically rewarded its shareholders with a healthy dividend. In October 2024, Organon completed a $1.2 billion acquisition of Dermavant, a biopharmaceutical company focused on dermatological conditions. As alleged, while the acquisition increased Organon's debt, the Company assured investors it would maintain its dividend, which Organon asserted was its '#1 capital allocation priority.'
In truth, Organon had shifted its capital allocation priority after the Dermavant acquisition to focus on reducing its debt, ultimately leading the Company to severely cut its dividend.
The Stock Declines as the Truth is Revealed
On May 1, 2025, Organon announced that management reset the Company's dividend payout from $0.28 per share to $0.02 per share. Organon's CEO explained that the Company 'reset our capital allocation priorities to accelerate progress towards deleveraging' and that '[b]y deleveraging more rapidly, we will continue to strengthen the future prospects of the company.' Organon's CFO added, '[t]he biggest issues we face . . . relate to managing our leverage and relate to growth. And we need capital to solve both of those issues, and so returning capital to shareholders is right now, less of a priority.'
On this news, the price of Organon stock declined roughly 27%, from $12.93 per share on April 30, 2025, to $9.45 per share on May 1, 2025.
Click here if you suffered losses: https://www.bfalaw.com/cases-investigations/organon-co-class-action.
What Can You Do?
If you invested in Organon you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Submit your information by visiting:
https://www.bfalaw.com/cases-investigations/organon-co-class-action
Or contact:
Ross Shikowitz
[email protected]
212-789-3619
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
https://www.bfalaw.com/cases-investigations/organon-co-class-action
Attorney advertising. Past results do not guarantee future outcomes.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Canada Day 2025: Are you proud to be Canadian? What is your biggest issue living in this country? Vote and share your view of the country
This year, Canada Day is more than just a celebration: chance for citizen to reflect on who we are, our values and what direction we are headed in as a country. Canada is approaching its 158th birthday in the midst of uncertainty — both at home and abroad. U.S. President Trump's trade war left the nation unsettled with a long-time ally. Threats to the country's sovereignty - a push to make it America's "51st state" - has sparked frustrations. A minority Liberal government with Prime Minister Mark Carney is still dealing with mounting economic challenges across the country. Despite that, a fresh wave of patriotism continues: citizens are 'Buying Canadian', changing their view on relations with American neighbours, and rethinking Canada's place on the global stage. With this spirit in mind, Yahoo News Canada is launching My Canada, a series focused on influential and everyday citizens across the country sharing their views on what makes them proud, challenged, frustrated Canadian. But first, we want to hear from you. What are your views of Canada, and its reputation? Are you proud to be a Canadian? Share your views with this series of questions, and check back on July 1, 2025 for the results.
Yahoo
36 minutes ago
- Yahoo
WySE Products Launches Total Pet Kitchen, The First-of-Its-Kind Multicooker for Fresh Pet Food Preparation at Home
Englewood Cliffs, NJ, June 23, 2025 (GLOBE NEWSWIRE) -- WySE Products LLC, a company committed to redefining pet nutrition, is pleased to announce the launch of Total Pet Kitchen Multicooker (TPK), the first-of-its-kind countertop appliance designed specifically for cooking and dispensing healthy food for pets using human-grade Products Total Pet Kitchen Multicooker The Total Pet Kitchen multicooker was developed over two years through collaboration with chefs, veterinarians, pet nutritionists, engineers, and pet owners. The team focused on addressing common barriers to home-prepared pet meals, including time constraints, nutritional uncertainty, and inconsistent results. The result is a patent-pending appliance designed to simplify fresh pet food preparation at home. Every component was designed with a focus on safety, efficiency, and user experience. 'Fresh food can make a difference in a pet's health, but until now, there wasn't an easy, practical way to prepare those meals at home,' said Paul McGrath, a representative for TPK. 'That's why we invested significant time in development to create a system that helps pet owners prepare meals with real, recognizable ingredients that get great results no matter what your skill level in the kitchen. Total Pet Kitchen is more than a cooker, it's a movement to bring real, whole food back into our pets' lives in a way that's practical for modern households.' Built for Pet Health and Everyday Use The TPK multicooker offers pet owners a smarter, more efficient way to prepare fresh meals without the time, mess, and guesswork of traditional home cooking. According to the company, meals made in the Total Pet Kitchen can save pet owners up to 75% in costs as compared to subscription delivery food services. This all-in-one appliance combines mixing, cooking, and extrusion into a single streamlined process to make it easier to serve nutritious pet food made from real ingredients. Key features: A 4.5-qt ceramic-coated inner pot that's BPA-, PTFE, and PFOA-free Easy-read control panel with illuminated progress indicators. Four programmable settings for beef, chicken, fish, and grain-free meals. Easily removable inner cooking components are dishwasher safe. Automatic extrusion and dispensing of cooked food mixture. Recipe support through video and written guides. The device can prepare up to a week's worth of food in a single batch, helping pet owners save time. Expert-Approved Recipes and Ongoing Support Beyond the multicooker, Total Pet Kitchen offers a growing library of expert-reviewed recipes and guides available through online videos and written resources. All content is developed and approved in collaboration with TPK's veterinary consultant team to help pet owners prepare meals that are balanced, safe, and tailored to their dog's needs, whether for a full home-cooked diet or as a healthy supplement to existing meals. Processed pet foods often contain low-quality ingredients, fillers, artificial preservatives, and additives that offer limited nutritional value. Switching to fresh, home-prepared food, even as a partial replacement, can significantly improve a pet's diet and potentially reduce long-term costs associated with poor nutrition, such as frequent vet visits and chronic health issues. To support pet owners in this transition, Total Pet Kitchen provides comprehensive educational materials, from meal planning guides to step-by-step cooking tutorials. These resources are updated regularly based on in-house testing and user feedback to ensure they remain practical, accessible, and aligned with the evolving needs of the modern pet household. Responding to Growing Demand Recent trends in pet care point to increasing awareness about the ingredients in commercial pet food. More owners are seeking alternatives that align with their own dietary values, favoring fresh, whole foods over ultra-processed options. This shift in consumer priorities has created a need for tools that support healthier feeding practices without adding complexity to daily routines. The TPK multicooker meets this demand with its combination of food-safe materials, automated cooking programs, and an easy-to-clean design, offering a practical and user-friendly option for households focused on improving pet wellness. 'Launching the Total Pet Kitchen multicooker reflects our ongoing commitment to improving how pets are fed at home,' said McGrath. 'It's a solution developed for modern pet owners who value health, safety, and simplicity, and we're excited to make it widely available.' The company notes this launch is just the beginning. Future updates will continue to expand recipe offerings, refine functionality, and add new content to support pet owners in keeping their pets healthy and thriving. Availability The Total Pet Kitchen multicooker is available for purchase at the company website and Amazon. It's also gearing up to roll out in select retailers in the near future. For more information, updates, or to view the complete product specifications, visit the official website at or contact Total Pet Kitchen by phone at (201) 603-2597. About Total Pet Kitchen Total Pet Kitchen is a brand dedicated to making fresh, homemade meals easy for pet owners. Born from personal experiences with pet health challenges, the company developed the first all-in-one multicooker designed specifically for preparing pet food using real, human-grade ingredients. With features tailored for safety, simplicity, and convenience, Total Pet Kitchen empowers pet parents to take control of their pets' nutrition. The brand also offers vet-reviewed recipes, nutritional guides, and instructional videos to support every step of the journey. Total Pet Kitchen is a trademark of WySE Products Media Contact Company Name: WySE Products LLC Contact Person: Paul McGrath Contact Number: 201-285-4731 Email: paulm@ Country: United States Website: Socials: @totalpetkitchen
Yahoo
an hour ago
- Yahoo
Online trading platform Plus500 gains approval to enter Canada's OTC market
(Reuters) -London-listed Plus500 said on Monday that it has received approval from the Canadian Investment Regulatory Organization that will allow the online trading platform to offer its services in the over-the-counter market. The company, which provides equity, commodity and options trading services and is active in more than 60 countries, has made investments in new products and expanded into global markets. In March, it bought Indian financial services company Mehta Equities for about $20 million. Plus500 said in April that it expects annual results to exceed market expectations, supported by increased trading activity amid global market volatility. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
