The law firm of Wohl & Fruchter LLP announces that it is investigating possible violations of federal securities laws by officers and directors of Mead Johnson Nutrition Company (Mead Johnson) (NYSE: MJN).
On July 2, 2013, multiple media sources reported that the National Development and Reform Commission, China’s top economic planning agency, was investigating the pricing of infant formula sold by Mead and other companies for possible violations of China’s anti-monopoly laws.
According to an analyst at Wells Fargo, China and Hong Kong comprise roughly 30% of Mead Johnson’s sales.
Since news of the Chinese probe broke on July 2, 2013, MJN shares have dropped over 13% from a close of $79.43/share on July 1, 2013, to a close of $68.85/share on July 3, 2013.Persons with relevant information, and MJN shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.582.8140. Additional information is available on our website at: http://www.wohlfruchter.com/cases/mjn. About Wohl & Fruchter Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners. This release may be deemed to constitute attorney advertising.