A shocking investigation has been launched by the former Louisiana Attorney General, Charles C. Foti, Jr., and his team at Kahn Swick & Foti, LLC (KSF), into Charles River Laboratories International, Inc. (CRL). This development has sent shockwaves through the business world, leaving many questioning the integrity of the company's leadership.
In February 2023, Charles River disclosed a subpoena from the U.S. Department of Justice, revealing an ongoing investigation alongside the U.S. Fish and Wildlife Service. The focus? The company's supply chain and illegal importation of non-human primates for research. As a result, Charles River voluntarily halted primate shipments from Cambodia, a decision that would significantly impact its earnings and revenue growth for the year. But here's where it gets controversial: the company's executives are now facing a securities class action lawsuit, accused of withholding crucial information in violation of federal securities laws.
KSF's investigation aims to uncover whether Charles River's officers and directors have breached their fiduciary duties to shareholders or violated state and federal laws. This is a critical juncture, as it could have far-reaching implications for the company and its stakeholders.
If you possess information that could aid KSF's investigation or have been a long-term shareholder of Charles River, KSF encourages you to reach out. You can contact them toll-free at 1-833-938-0905, email Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit their website at https://www.ksfcounsel.com/cases/nyse-crl/ for more details. Your input could be invaluable in this high-profile case.
KSF, with former Louisiana Attorney General Charles C. Foti, Jr. as a partner, is a leading boutique securities litigation law firm in the nation. In the past year, they were ranked among the top 10 firms by SCAS based on total settlement value. KSF represents a diverse range of clients, from public and private institutional investors to individual retail investors, in cases involving corporate fraud or malfeasance by publicly traded companies. With offices across the country and a representative office in Luxembourg, KSF is well-equipped to handle complex legal matters.
To learn more about KSF and their work, visit their website at www.ksfcounsel.com. You can also connect with them on social media platforms like Facebook, Instagram, YouTube, TikTok, and LinkedIn. Stay informed and engaged with the latest developments in this intriguing case.
