Baxter Investors Face Dec. 15 Deadline as Novum LVP Securities Suits Press Forward
Shareholders are being urged to seek lead-plaintiff status before the court’s December 15 deadline.
Overview
- The Law Offices of Frank R. Cruz on November 18 invited Baxter shareholders with losses to move for lead-plaintiff appointment by December 15, 2025.
- Lowey Dannenberg and Levi & Korsinsky issued November 17 notices tied to a class period spanning February 23, 2022 through July 30, 2025.
- The complaints allege Baxter’s Novum LVP infusion pump had systemic defects causing underinfusion, overinfusion, and complete non-delivery that posed risks of serious injury or death.
- Filings assert Baxter was notified of multiple malfunctions, injuries, and deaths and that customer alerts were inadequate while design flaws persisted.
- Plaintiffs claim Baxter made materially misleading statements about the device’s safety, rollout, customer feedback, and sales prospects, and investors seek recovery of losses.