QuidelOrtho CEO Terminated: Johnson Fistel Continues Investigation

Published 10 months ago via Business Wire

Shareholder rights law firm Johnson Fistel, LLP is investigating whether QuidelOrtho Corporation ("QuidelOrtho" or the "Company") (NASDAQ: QDEL) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

What if I purchased QuidelOrtho securities? If you purchased securities and suffered significant losses on your investment, join our investigation now:

Click Here to Join the Investigation

Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471.

There is no cost or obligation to you.

What is Johnson Fistel investigating? What is Johnson Fistel investigating? On February 13, 2024, QuidelOrtho reported fourth quarter and full-year 2023 financial results. GAAP net income for Q4 2023 was $7 million, with diluted earnings per share (EPS) of $0.10, a decrease from $30.3 million and $0.45 EPS in the prior year period. Revenue for the quarter was $742.6M, missing estimates by $44.86M. Following this news, QuidelOrtho was trading down over 38% in premarket on February 14, 2024.

Then on February 21, 2024, the Board of Directors terminated Douglas Bryant, President, and CEO.

What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.

About Johnson Fistel, LLP:

Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.

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