N@N

The Briscoe Law Firm Investigates Baxter International, Inc. on Behalf of Shareholders for Possible Breaches of Fiduciary Dutie

^{Published on 2010-10-04 20:00:46 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Baxter International, Inc. (aBaxtera or aCompanya) (NYSE: BAX) during the period of September 17, 2009 and May 03, 2010 (aclass perioda).

It has been alleged that during the class period, Baxter and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements regarding the Company. Specifically, despite changes in the industry that would inhibit Baxtera™s growth, it has been claimed that Baxter and certain officers and directors assured investors that Baxtera™s recent improvements in gross margin were not only sustainable but could even expand. Moreover, it has been alleged in the complaint that defendants further issued materially false and misleading statements regarding the remediation of Baxtera™s COLLEAGUE infusion pump and failed to disclose that Baxter was not complying with the terms of a June 2006 consent decree it had entered into with the U.S. Food and Drug Administration. As a result of these false and misleading statements about Baxtera™s growth and products, Baxter stock traded at artificially inflated prices during the class period, reaching a high of $61.71 per share on January 14, 2010.

If you currently own or purchased Baxter International, Inc./BAX shares and would like additional information regarding this investigation or if you have information regarding the allegations against the company, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.