Introduction to the Baxter Class Action Lawsuit
- Who is Affected? Purchasers or acquirers of Baxter International, Inc. (NYSE: BAX) common stock between February 23, 2022 and July 30, 2025.
- The Problem: The Baxter class action lawsuit alleges the defendant made false and misleading statements driving the stock price artificially up until the truth emerged and the stock plummeted and shareholders who purchased during the relevant time period and suffered a loss are entitle to damages
- Your Action: You may be eligible to recover your losses
- Deadline to Lead: The deadline to apply to be Lead Plaintiff is December 15, 2025
Read on for answers to the eight most frequently asked questions from investors in the Baxter class action lawsuit.
1. How Do How Securities Class Actions Work?
- A lead plaintiff files the lawsuit. Usually, an individual or institutional investor who suffered a large financial loss acts as the lead plaintiff, representing the interests of all investors who were harmed. The lawsuit is typically brought by a law firm that specializes in securities litigation.
- The lawsuit proceeds through the court. The case is filed under federal or state securities laws, like the Securities Exchange Act of 1934. The defendant company may file a motion to dismiss the case. If the case proceeds, both sides will enter a lengthy discovery phase to gather evidence.
- Most cases end in a settlement. Rather than going to trial, the company often agrees to pay a sum of money into a common fund to be distributed to the class. The court must approve the fairness of any settlement.
- Claims are administered. If a settlement is reached, a claims administrator is appointed to process claims and distribute funds to eligible investors. The entire process, from filing the complaint to distributing funds, can take several years.
2. What Are the Allegations in the Baxter Class Action Lawsuit?
Company
Baxter, through its subsidiaries, provides a portfolio of healthcare products.
False and Misleading Statements
The Baxter class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- (i) Baxter’s Novum IQ Large Volume Pump (“Novum LVP”) suffered systemic defects that caused widespread malfunctions, including underinfusion, overinfusion, and complete non-delivery of fluids, which exposed patients to risks of serious injury or death;
- (ii) Baxter was notified of multiple device malfunctions, injuries, and deaths from these defects;
- (iii) Baxter’s attempts to address these defects through customer alerts were inadequate remedial measures, when design flaws persisted and continued to cause serious harm to patients; and
- (iv) as a result, there was a heightened risk that customers would be instructed to take existing Novum LVPs out of service and that Baxter would completely pause all new sales of these pumps.
Corrective Disclosure
The Baxter class action lawsuit further alleges that on July 31, 2025, Baxter announced that it had decided to “voluntarily and temporarily pause shipments and planned installations of the Novum LVP” and that it was “unable to currently commit to an exact timing for resuming shipment and installation for Novum IQ LVPs.”
- Defendants further stated that they had offered “customers the option of our Spectrum infusion pump as an alternative” and that Baxter’s low-end guidance assumes that Baxter does not resume shipments for Novum LVPs before the end of the year, according to the complaint.
- The Baxter class action lawsuit alleges that on this news, the price of Baxter common stock fell more than 22%.
3. When Is the Lead Plaintiff Deadline in the Baxter Class Action Lawsuit?
Lead Plaintiff Deadline: Lead plaintiff motions in the Baxter class action lawsuit must be filed with the court no later than December 15, 2025.
4. What Are the Eligibility Criteria for Lead Plaintiff Appointment in the Baxter Lawsuit?
To be eligible for appointment as the lead plaintiff in the Baxter class action lawsuit, an investor must meet the following criteria:
- Securities Acquisition: The investor must have been purchasers or acquirers of Baxter International, Inc. (NYSE: BAX) common stock between February 23, 2022 and July 30, 2025, inclusive (the “Class Period”).
- Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Baxter and its executives.
- Typicality and Adequacy: The investor’s legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.
It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the class action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.
5. What Options Available to Shareholders?
- Do Nothing (Remain a Class Member): This is the most common option. If you take no action, you automatically remain a member of the class.
- Benefit: You retain the right to receive compensation if the lawsuit results in a settlement or judgment.
- Action: You must wait for the case to conclude. If a settlement is reached, you will be required to submit a Claim Form (with proof of your losses) to get a payment.
- Limitation: You give up your right to bring your own individual lawsuit against Sina for the claims covered by the class action.
- Move to be Lead Plaintiff: This option is for the shareholder with the largest financial loss who wants to take an active role.
- Benefit: You direct the litigation, choose and oversee the law firm, and have a voice in major decisions like settlement approval.
- Action: You must file a motion with the court to be appointed as Lead Plaintiff by the December 8, 2025, deadline.
- Exclude Yourself (Opt-Out): You have the absolute right to exclude yourself from the class action. This is often referred to as “opting out.”
- Benefit: By opting out, you retain your right to file your own individual lawsuit against Sina Corporation. You are not bound by the results of the class action settlement or trial.
- Action: You must submit a formal, written request to the Claims Administrator/Clerk of the Court by a specified deadline. This deadline is usually set only after a court grants preliminary approval of a settlement.
- Limitation: You will not receive any money from a class action settlement or judgment. You would have to pursue the litigation on your own, incurring all legal costs and risks.
- How to Exclude Yourself (Opt-Out): The process for opting out is not available immediately, but only when the class has been formally certified and a settlement or trial is imminent.
- Wait for the Class Notice: If a settlement is reached, the court will approve a Notice of Proposed Settlement that is mailed to all known class members.
- Review the Notice: This document will contain specific, formal instructions on how to exclude yourself from the settlement.
- Submit a Written Request: You must draft and mail a letter stating clearly that you wish to be excluded from the class action, and include all identifying information (name, address, shares sold, etc.).
- Meet the Deadline: Your exclusion request must be postmarked
6. What Damages Am I Entitled To in the Baxter Class Action Lawsuit?
In a securities fraud case, the plaintiff’s damages are typically calculated as out-of-pocket losses.
- These losses are expressed as the difference between:
- The price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions.
7. What Records or Documents to I Need to Collect?
- Company documents: Gather all press releases, financial statements (like 10-K and 10-Q reports), and analyst reports related to Baxter that you have.
- Your investment history: Meticulously document your investment history with Baxter, including:
- Dates of all stock purchases and sales
- The quantities of shares bought or sold
- The prices of each transaction
- Communications: Compile any emails or other communications that shed light on the alleged wrongdoing.
- Brokerage records: Collect all relevant brokerage statements and confirmation slips.
By preparing this documentation, you not only strengthen your individual position but also contribute to the overall strength of the Baxter class action lawsuit. This demonstrates your commitment to actively participating in the litigation process and helps lay a solid foundation for holding the company accountable.
8. How Much Does It Cost to Hire a Lawyer?
- It does not cost anything to hire a lawyer if you are eligible for a Baxter class action lawsuit. We take all cases on a contingency basis which means we do not get paid unless we win or settle your case.
- A lawyer can explain the process of a Baxter class action lawsuit and answer any questions you may have free of charge.
Frequently Asked Questions About the Baxter Lawsuit
What initiated the Baxter class action lawsuit?
The Baxter class action lawsuit was initiated by investors alleging that Baxter provided misleading information regarding its financial health and operations, resulting in financial losses.
How can I join the Baxter class action lawsuit?
If you purchased shares during the class period and suffered a loss, then you are automatically a member of the Baxter class action lawsuit and do not need to do anything at this point unless you are considering moving for lead plaintiff.
What are the potential benefits of a Baxter class action lawsuit?
Class action lawsuits like the Baxter class action lawsuit allow individual investors to collectively seek justice and compensation, which might be challenging to pursue individually. They also promote corporate accountability.
How long will the Baxter class action lawsuit take to resolve?
The duration of class action lawsuits can vary significantly, depending on the complexity of the case, legal strategies, and whether settlements are reached. It could take several months to years to resolve the Baxter class action lawsuit.
Contact Timothy L. Miles Today About a Baxter Class Action Lawsuit
The most important thing you need to know is you can call me at no charge if you wish to serve as lead plaintiff of the Baxter class action lawsuit, or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at [email protected]. (24/7/365).
Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr. #247
Mailbox #1091
Brentwood,TN 37027
Phone: (855) Tim-MLaw (855-846-6529)
Email: [email protected]
Website: www.classactionlawyertn.com
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