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CareFusion Corporation Is Being Investigated On Behalf Of Shareholders

 

SAN DIEGO, Aug. 6, 2013 /PRNewswire/ --  Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of CareFusion Corporation (NYSE: CFN) breached their fiduciary duties to shareholders.  CareFusion provides healthcare products and services in the United States and internationally.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36754LOGO)

Robbins Arroyo Investigates Claims of Improper Marketing of ChloraPrep

Robbins Arroyo is investigating claims that company officials improperly marketed CareFusion's skin preparation product, ChloraPrep.  Specifically, in 2011 the company received subpoenas from the U.S. Department of Justice ("DOJ") and the U.S. Department of Health and Human Services, and in August 2012 the company received a third subpoena from the DOJ.  All three subpoenas requested documents and other materials related to the sales and marketing practices for ChloraPrep and information regarding the company's relationships with healthcare professionals.  On April 25, 2013, CareFusion announced that it had reached an agreement in principle to resolve three previously disclosed government investigations and will pay $41 million to avoid prosecution and resolve investigations.     

Robbins Arroyo highlights that CareFusion shareholders have the option to pursue a shareholder derivative action through which shareholders aim to hold insider wrongdoers accountable for their actions, prevent future misconduct, and bring long-term value back to the company.  Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.  For more information, please go to http://www.robbinsarroyo.com.  

Press release link: http://www.robbinsarroyo.com/shareholders-rights-blog/carefusion-corporation/

Attorney Advertising. Past results do not guarantee a similar outcome.  

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