Thieler Law Corp advises investors with losses exceeding $100,000 of the September 30, 2019 lead plaintiff deadline in a class action lawsuit filed against Cardinal Health Inc (NYSE: CAH) (“Cardinal Health” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of Ohio and investors, who purchased Cardinal Health Inc securities between March 2, 2015 and May 2, 2018, have until September 30, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Cardinal Health Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants misled investors by stating that Cordis would benefit from Cardinal's advanced inventory management and supply chain information technology solutions, and that Defendants also falsely represented that the Company properly "reserve[d] for inventory obsolescence" and that "[i]nventories presented in the consolidated balance sheets [were] net of reserves for excess and obsolete inventory." As a result of these misrepresentations, Cardinal shares allegedly traded at artificially inflated prices throughout the Class Period.

On August 2, 2017, the Company reported weak earnings for its fourth quarter and fiscal year 2017 and lowered its earnings guidance for fiscal year 2018 due in part to “higher-than- planned write-offs for excess inventory” at Cordis.

Following this news, NYSE: CAH fell $6.34 per share, or 8.2%, to close at $70.99 per share on August 2, 2017.

On May 3, 2018, the Company revealed disappointing results for its third quarter fiscal year 2018 and cut its fiscal year 2018 earnings guidance. According to the Company, “biggest variable driving these results” was the “disappointing performance” of the Cordis business.

Following this news, NYSE: CAH fell $13.85 per share, or 21.42%, to close at $50.80 per share on May 3, 2018.

If you were negatively impacted by your investment in Cardinal Health Inc securities between March 2, 2015 and May 2, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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