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Kaplan Fox & Kilsheimer LLP is Investigating Grifols SA (GRFS) for Potential Securities Law Violations

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You may also contact Kaplan Fox by emailing <a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a> or by calling (646) 315-9003.</p> <p style="text-align: justify;">On January 9, 2024 Gotham City Research LLC (&ldquo;GCR&rdquo;) published a short report titled &ldquo;Grifols SA: Scranton and the Undisclosed Debts.&rdquo; Among other things, the GCR report alleged that the Company "manipulates reported debt &amp; EBITDA to artificially reduce reported leverage. . . .&rdquo;</p> <p style="text-align: justify;">On January 9, 2024, the price of Grifols shares dropped $2.43 per share or nearly 22%, to close at $8.70 per share.</p> <p style="text-align: justify;">Then on March 22, 2024, Bloomberg published a story titled "Grifols Drops as Regulator Finds 'Relevant Deficiencies'" that stated, in part, that "The regulator opened its review of Grifols' earnings in January after the company was targeted by short-seller Gotham City Research, which accused Grifols of deceptive accounting and poor governance. While Grifols has denied the allegations, its shares have suffered . . . The regulator has given Grifols 15 days to publish 'commitments to adequate its alternative performance metrics in upcoming financial reports' as well as additional data on Ebitda and net financial debt for relevant companies in which it has non-controlling stakes. The regulator said that the conclusions of its review could potentially lead to sanctions for Grifols, though that decision may take several months."</p> <p style="text-align: justify;">Following this news, the price of Grifols shares dropped $.56 per share or over 8%, to close at $6.22 per share on March 22, 2024.</p> <p style="text-align: justify;">Then, on July 30, 2024, Grifols disclosed in an SEC filing that it had overstated its stake in the Chinese company Shanghai RAAS Blood Products Co. Limited and also overstated its consolidated reserves for the years 2020 to 2023 by &euro;457 million due to &ldquo;an incorrect application of the accounting treatment of the non-controlling interest.&rdquo;</p> <p style="text-align: justify;">WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.&nbsp; With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.&nbsp; Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.&nbsp; For more information about Kaplan Fox &amp; Kilsheimer LLP, you may visit our website at <a href="http://www.kaplanfox.com">www.kaplanfox.com</a>.</p> <p style="text-align: justify;">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p> <p style="text-align: justify;">If you have any questions about this investigation, please contact:</p> <p>Pamela A. Mayer<br>KAPLAN FOX &amp; KILSHEIMER LLP<br>800 Third Avenue, 38th Floor<br>New York, New York 10022<br>(646) 315-9003<br>E-mail: <a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a>&nbsp;&nbsp;</p> <p>Laurence D. King<br>KAPLAN FOX &amp; KILSHEIMER LLP<br>1999 Harrison Street, Suite 1560<br>Oakland, California 94612<br>(415) 772-4704<br>Fax: &nbsp;(415) 772-4707<br>E-mail: <a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a>&nbsp;</p> <!-- ########################## Contact #############################--> <!-- ########################## END Contact #############################--> <br /><br /> <span class="smallbodytext"> <i>Topic:&nbsp;Press release summary</i> <i><BR>Source: <a href ="http://www.kaplanfox.com" target="_blank">Kaplan Fox & Kilsheimer LLP</a> </i><br> <i>Sectors:&nbsp;<a href="https://www.acnnewswire.com/acn/ReleaseByIndustry/IndustryRelease.aspx?secid=233&lid=0">Legal & Compliance</a></i> <br><i><a href="https://www.acnnewswire.com">https://www.acnnewswire.com</a></i> <BR><i>From the Asia Corporate News Network</i> </span> <BR><br><p class=bodytext><i>Copyright &copy; 2024 ACN Newswire. All rights reserved. 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(HUMA) is January 17, 2025 - Contact Kaplan Fox & Kilsheimer LLP</td></tr> <tr><td style="padding: 3px;"></td></tr> <tr><td class="note">Aug 1, 2024 10:30 HKT/SGT</td></tr> <tr><td><a href="http://www.acnnewswire.com/press-release/english/92044/deadline-to-lead-in-securities-fraud-lawsuit-against-oddity-tech-ltd.-is-september-17,-2024---contact-kaplan-fox-&-kilsheimer-llp" class="newslink">Deadline to Lead in Securities Fraud Lawsuit against ODDITY Tech Ltd. is September 17, 2024 - Contact Kaplan Fox & Kilsheimer LLP</td></tr> <tr><td style="padding: 3px;"></td></tr> <tr><td class="note">July 31, 2024 23:15 HKT/SGT</td></tr> <tr><td><a href="http://www.acnnewswire.com/press-release/english/92043/kaplan-fox-&-kilsheimer-llp-is-investigating-possible-securities-law-violations-against-grifols-sa-(grfs)" class="newslink">Kaplan Fox & Kilsheimer LLP is Investigating Possible Securities Law Violations against Grifols SA (GRFS)</td></tr> <tr><td style="padding: 3px;"></td></tr> <tr><td class="note">July 29, 2024 21:47 HKT/SGT</td></tr> <tr><td><a href="http://www.acnnewswire.com/press-release/english/91995/kaplan-fox-&-kilsheimer-llp-is-investigating-domino's-pizza-inc.-(dpz)-for-possible-securities-violations" class="newslink">Kaplan Fox & Kilsheimer LLP is Investigating Domino's Pizza Inc. (DPZ) for Possible Securities Violations</td></tr> <tr><td style="padding: 3px;"></td></tr> <tr><td class="note">July 29, 2024 21:43 HKT/SGT</td></tr> <tr><td><a href="http://www.acnnewswire.com/press-release/english/91994/dxcm-is-being-investigated-for-potential-securities-law-violations---contact-kaplan-fox-&-kilsheimer-llp" class="newslink">DXCM Is Being Investigated for Potential Securities Law Violations - Contact Kaplan Fox & Kilsheimer LLP</td></tr> <tr><td style="padding: 3px;"></td></tr> <tr><td align="center"><a href="/company_news/8637/kaplan-fox-&amp;-kilsheimer-llp" class="notelink"><b>More news >></b></a></td></tr> <tr><td align="center" style="padding: 3px;"></td></tr> </table> </Td></tr> </table> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding: 3px;"></td></tr> </table> </td> </tr> </table> <!--Footer--> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding: 3px;"></td></tr> </table> </td> </tr> <tr><td><table width="960" cellpadding="0" cellspacing="0" align="center" border="0"> <tr height=20 valign="middle"><td bgcolor="#3e63a5" align="center" colspan="2"><span class="fotter">Copyright &copy; 2024 ACN Newswire - Asia Corporate News Network</span></td></tr> <tr> <td class="span8"> <table width="100%"> <tr><td colspan=5 bgcolor="#f2f2f2" style="padding-bottom:5px;"></td></tr> <tr><td align="center" class="fotter"> <span class="afoter"><font color="#808080"> <a href="/" title="Home">Home</a> | <a href="/aboutus/" title="About us">About us</a> | <a href="/services/" title="Services">Services</a> | <a href="/partners/" title="Partners">Partners</a> | <a href="/allevents/" title="Events">Events</a> | <a href="/client/login.aspx" title="Login">Login</a> | <a href="/contactus/" title="Contact us">Contact us</a> | <a href="/cookies/" title="Cookies Policy">Cookies Policy</a> | <a href="/privacy/" title="Privacy Policy">Privacy Policy</a> | <a href="/disclaimer/" title="Disclaimer">Disclaimer</a> | <a href="/terms/" title="Terms of Use">Terms of Use</a> | <a href="/rss/" title="RSS">RSS</a></font></span> </td></tr> <tr><td colspan=5 bgcolor="#f2f2f2" style="padding-bottom:2px;"></td></tr> <tr><td align="center"> <span class="fotter"><font color="gray"> US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575</font> </span> </td></tr> <tr><td colspan=5 bgcolor="#f2f2f2" style="padding-bottom:5px;"></td></tr> </td> </tr></table> </td> <td class="span4" align="center"><br />&nbsp; <a href="https://twitter.com/acnnewswire" target="_blank"><i class="fa-brands fa-square-x-twitter fa-lg"></i></a>&nbsp; <a href="https://www.facebook.com/acnnewswire" target="_blank"><i class="fa-brands fa-facebook-f fa-lg"></i></a>&nbsp; <a href="https://www.linkedin.com/company/acnnewswire/" target="_blank"><i class="fa-brands fa-linkedin fa-lg"></i></a>&nbsp; <a href="/rss"><i class="fa-solid fa-square-rss fa-lg"></i></a> </td> </tr> </table> <script src="https://kit.fontawesome.com/9e8b40900a.js" crossorigin="anonymous"></script> </td></tr> </table> <script type="text/javascript"> $(document).ready(function() { $("#single_1").fancybox({ helpers: { title : { type : 'float' } } }); }); </script> <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-568736-5', 'auto'); ga('send', 'pageview'); </script> </body> </html>

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