SHARAN COLEMAN V. CHARLES RIVER LABORATORIES INTERNATIONAL, INC., JAMES C. FOSTER, DAVID R. SMITH, and FLAVIA PEASE
Charles River Laboratories International Inc. (“Charles River”) investor Sharan Coleman filed a class action lawsuit against Charles River, its CEO James Foster, CFO Flavia Pease, and former CFO David Smith. The lawsuit, filed in the U.S. District Court for the District of Massachusetts, accuses the company and its executives of concealing their involvement in the illegal importation of nonhuman primates for research, which led to a U.S. Department of Justice investigation and subsequent stock price decline. The complaint alleges violations of the Securities Exchange Act and is on behalf of a proposed class of individuals and entities that purchased or acquired Charles River securities between May 5, 2020, and Feb. 21, 2023.
[To accompany Case Law Update "Charles River Faces Class Action After DOJ Probe into Illegal Import of Nonhuman Primates” from Brooks Animal Law Digest Issue No. 192]