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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Emergent BioSolutions (EBS) Investors with $100k+ Losses to Contact its Attorneys Now, Securities Fraud Case Pending, Firm Investigating CEO’s Insider Sales

SAN FRANCISCO, April 26, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Emergent BioSolutions Inc. (NYSE: EBS) investors with $100k or more losses to submit your losses now.  

Class Period: July 6, 2020 - Mar. 31, 2021
Lead Plaintiff Deadline: June 18, 2021
Contact an Attorney Now:

Emergent BioSolutions (NYSE: EBS) Securities Fraud Class Action:

Throughout the class period, Defendants touted Emergent’s deals with J&J and AstraZeneca worth a combined $875 million to produce their vaccine candidates and its separate $628 million production contract with the U.S. government as part of Operation Warp Speed. Defendants also emphasized Emergent’s preparedness to produce the vaccines, emphasizing its “proven manufacturing capabilities in place” at its Baltimore, Maryland facility.  

In truth, the company failed to disclose a multitude of issues at its Baltimore facility that would detrimentally affect its ability to manufacture the vaccines.

On Mar. 31, 2021, media reports revealed the company mixed up ingredients for the two companies’ vaccines and contaminated up to 15 million doses of the J&J vaccine.

This news sent the price of Emergent shares crashing lower. Notably, shortly before the shares crashed the company’s CEO sold about $10 million of his shares.

After the class period, on Apr. 6, 2021, the New York Times reported that “[p]reviously undisclosed internal documents and interviews with current and former federal officials and former company employees depict a factory operation that was ill-equipped to take on such a mammoth manufacturing task.” The NYT reported that audits and investigations – including ones conducted by J&J, AstraZeneca, two federal agencies and Emergent’s own quality evaluators – found that Emergent had not followed basic industry standards at its Baltimore facility. AstraZenica’s audit highlighted risks of viral cross-contamination, which experts believe was responsible for the J&J vaccine contamination. The NYT further reported that beginning in Oct. 2020, Emergent discarded five lots of the AstraZenica vaccine and one lot of the J&J vaccine because of contamination or spoliation.

“We’re focused on investors’ losses and proving Emergent duped investors about its COVID-19 vaccine production capabilities and preparedness,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are an Emergent investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Emergent should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Reed Kathrein, 844-916-0895

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