Kenvue, Inc. (KVUE) Securities Class Action

The litigation focuses on the propriety of Kenvue’s disclosures concerning the commercial viability of its nasal decongestant products that contain phenylephrine (“PE”).

The complaint alleges Kenvue’s IPO offering documents contained false and misleading statements and failed to disclose that: (1) Kenvue faces potential headwinds as a result of confirmed concerns about the efficacy of PE, which the company knew or should have known; (2) Kenvue did not discuss risks relating to PE’s efficacy, which had been questioned since at least 2007; and (3) while the company disclosed litigation risks, it did not disclose specific risk relating to potential litigation arising from adverse findings on PE’s efficacy.

On or around Sept. 12, 2023, the FDA published a briefing document announcing that it was convening an advisory committee to discuss efficacy data available for orally administered phenylephrine as a nasal decongestant. The briefing document concluded that “orally administered PE is not effective as a nasal decongestant at the monographed dosage (10 mg of PE hydrochloride every 4 hours) as well as doses up to 40 mg (dosed every 4 hours).”

By the time the complaint was filed on Oct. 9, 2023, the price of Kenvue shares closed at $19.87, or about 9.6% below its IPO price.

If you invested in Kenvue and have significant losses, or have knowledge that may assist the firm’s investigation, submit your losses.

Whistleblowers: Persons with non-public information regarding Kenvue should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email KVUE@hbsslaw.com.

FREQUENTLY ASKED QUESTIONS ABOUT THE CASE

What is the KVUE securities class-action case about?

This lawsuit on behalf of investors nationwide alleges that Kenvue’s IPO offering documents contained false and misleading statements and failed to disclose that: (1) Kenvue faces potential headwinds as a result of confirmed concerns about the efficacy of PE, which the company knew or should have known; (2) Kenvue did not discuss risks relating to PE’s efficacy, which had been questioned since at least 2007; and (3) while the company disclosed litigation risks, it did not disclose specific risk relating to potential litigation arising from adverse findings on PE’s efficacy.

WHAT SHOULD I DO?

I worked at KVUE. What should I do?

If you were an employee of KVUE during the period relevant to the class-action case, you may have valuable information that could be relevant to the lawsuit. Hagens Berman is one of the nation’s top whistleblower law firms, and has successfully represented many individuals who come forward with information regarding corporate malfeasance. Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Reed Kathrein at 844-916-0895 or KVUE@hbsslaw.com.

There are multiple law firms participating, do I need to contact all of them?

No, you do not need to contact all participating law firms. Generally, class-action lawsuits are consolidated into a single case to streamline the legal process, and attorneys from only a few law firms are selected to serve in a leadership role on the consolidated case. Hagens Berman has a proven track record of being appointed to leadership roles in complex, multidistrict litigation regarding investor fraud and other consumer rights issues, and your claim will be handled by attorneys who have helped secure approximately $325 billion in class-action settlements on behalf of individuals who have suffered due to corporate malfeasance and the wrongdoing of other powerful institutions

AM I ELIGIBLE?

What is the threshold amount to be eligible? What are “substantial” losses?

The threshold amount and the definition of "substantial" losses may vary depending on a number of factors specific to the case, including the size of the company, market cap, shares outstanding and who holds them and the damages alleged by the fraud. In general, to be eligible to participate in a class-action lawsuit, you must be able to demonstrate that you suffered financial losses as a result of the alleged wrongdoing and that your losses meet the criteria set by the court or law firm. Fill out the form and submit your losses.

CAN I PARTICPATE?

Am I affected? What do I need to do to participate?

If you were an investor in KVUE during the relevant period specified in the class-action lawsuit, you may be affected and eligible to participate in the case. To determine your eligibility and potential involvement, fill out the form and submit your losses.

Can any KVUE investor participate?

In most class-action cases, any investor who meets the eligibility criteria, including purchasing the shares during the relevant period, can participate, regardless of the size of their investment. Fill out the form to find out your rights.

I bought on a non-U.S. Exchange. Can I participate?

No. This class-action only covers shares bought on a U.S. exchange, i.e. NASDAQ or NYSE. Fill out the form to find out your rights.

Am I included if I still hold my shares, or do I need to sell to participate?

Participation is based on purchasing shares during the relevant period, rather than your current holdings. Accordingly, you do not need to sell to participate. Fill out the form to find out your rights.