NEW YORK, April 4, 2025 – Levi & Korsinsky, LLP is informing ICON Public Limited Company (referred to as “ICON” or the “Company”) (NASDAQ: ICLR) investors about a securities class action lawsuit.
CLASS DETAILS: The purpose of the lawsuit is to recoup losses for ICON investors who suffered financial harm due to alleged securities fraud occurring between July 27, 2023, and October 23, 2024. For more details and to connect with a team member, please click on the provided link.
ICLR investors can also get in touch with Joseph E. Levi, Esq. by sending an email or calling (212) 363-7500.
CASE INFORMATION: The lawsuit claims that the defendants made misleading statements or failed to disclose that: (a) ICON was experiencing significant business setbacks because clients were cutting costs and facing funding shortages; (b) ICON’s functional service provision and hybrid model offerings were not sufficient to protect the company from a substantial market decline; (c) The requests for proposals (RFPs) that ICON received from biotechnology clients during the relevant period were primarily used to determine pricing, and did not accurately reflect actual client demand; (d) ICON’s clients were terminating contracts, reducing or limiting engagements, delaying clinical trials, and/or not renewing contracts at historical rates for additional clinical trial work once existing projects ended or were scheduled to end in 2024; (e) ICON’s two largest clients were diversifying their clinical research organization providers away from the Company; (f) Because of the issues mentioned in (a)-(e), ICON’s reported net new business awards and book-to-bill metrics significantly misrepresented client demand for ICON’s services; and (g) Due to the factors described in (a)-(f), ICON was falling considerably short of the 2024 revenue and EPS guidance provided during the specified period, and that guidance was not based on reasonable facts.
WHAT HAPPENS NEXT? If you incurred losses in ICON stock during the relevant period, you have until April 11, 2025 to petition the court to be appointed as the lead plaintiff. You can participate in any potential recovery without needing to serve as the lead plaintiff.
NO COST TO YOU: As a class member, you may be eligible for compensation without having to pay any out-of-pocket expenses or fees. Participation is free and doesn’t create any obligation.
WHY CHOOSE LEVI & KORSINSKY? Levi & Korsinsky’s team has recovered hundreds of millions of dollars for wronged shareholders over the past two decades and has a history of success in high-stakes cases. Our firm has considerable experience representing investors in complex securities litigation, supported by a team of over 70 professionals. Levi & Korsinsky has been recognized for seven consecutive years in ISS Securities Class Action Services’ Top 50 Report as one of the leading securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP
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