The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ADC Therapeutics SA (“ADC” or “the Company”) (NYSE: ADCT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ADC was the subject of a Morgan Stanley downgrade on September 9, 2022, from “overweight” to “equal weight.” Analysts cited concerns about the Company’s market penetration with its Zynlonta product. Based on this news, shares of ADC dropped by more than 5% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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