ATLANTA, GA – – (ACCESSWIRE – December 29, 2022) – – Holzer & Holzer, LLC is investigating whether Embecta Corp. (“Embecta” or the “Company”) (NASDAQ: EMBC) complied with federal securities laws. On December 20, 2022, Embecta announced the Company’s financial results for the three and twelve month periods ended September 30, 2022, and revealed that the Company was taking “an impairment charge of $58.9 million related to the abandonment of certain manufacturing production lines in the United States that are no longer expected to be completed, and a $5.5 million charge related to purchase commitments associated with the abandonment of the assets.” Following this announcement, the Company’s stock price dropped.
If you purchased Embecta stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at firstname.lastname@example.org or Joshua Karr, Esq. at email@example.com, call our toll-free number at (888) 508-6832, or visit our website https://holzerlaw.com/case/embecta/ to discuss your legal rights.