USMA Law Group Announces Securities Class Action Against Novo Nordisk A/S

WASHINGTON, D.C. — U.S. Market Advisors Law Group PLLC announces that a class action lawsuit has been filed against Novo Nordisk A/S (“Novo” or the “Company”) (NYSE: NVO) and certain of its officers. The class action, filed in United States District Court, District of New Jersey, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Novo American Depositary Receipts between February 5, 2015 and October 27, 2016 (“Class Period”).

The class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

Novo Nordisk is a pharmaceutical company focused on producing insulin and other diabetes treatments.

The Complaint alleges that throughout the Class Period, Novo reported materially false and misleading Company earnings and predications in that they were inflated through the collusive price fixing of Novo’s insulin drugs.  The Complaint also alleges that Novo misrepresented and concealed the true extent of the pricing pressures it was experiencing from pharmacy benefit managers.

If you suffered a loss from Novo investments you have until March 13, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff. Concerned shareholders who would like more information about their rights and potential remedies can contact attorney David P. Abel (202) 274-0237, dabel@usmarketlaw.com.

About USMA
U.S. Market Advisors Law Group PLLC is a law firm based in Washington, D.C. The firm represents investors worldwide in U.S. securities class action lawsuits.

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