Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Baxter International Inc (NYSE: BAX) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Baxter International Inc (NYSE: BAX) concerning whether a series of statements by Baxter International Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 24, 2019, Baxter International revealed certain misstatements in the Company’s non-operating income for fiscal years 2014 through 2018 related to net foreign exchange gains. In addition, Baxter revealed that it began an investigation regarding “certain intra-company transactions undertaken for the purpose of generating foreign exchange gains or losses,” which had used a foreign exchange rate convention that was “not in accordance with generally accepted accounting principles and enabled intra-company transactions to be undertaken after the related exchange rates were already known.”

Following this news, NYSE: BAX fell $8.87, or approximately 10%, to close at $79.08 per share on October 24, 2019.

Based in Deerfield, Illinois, and founded in 1931 Baxter International Inc develops and provides a portfolio of healthcare products.

If you purchased shares of Baxter International Inc (NYSE: BAX) on or before October 24, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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