Evolus Stock Lawsuit Investigation

NASDAQ:EOLS drops 30% on Judge ruling and recommended barring of Jeuveau imports

Our law firm is investigating Evolus, Inc. (NASDAQ: EOLS) after a U.S. trade-agency Judge reportedly found the company in violation of the Tariff Act of 1930 and recommended barring imports of Evolus’s Jeuveau wrinkle treatment product for 10 years.

On this news, Evolus stock dropped roughly 30% in one day, significantly harming investors.

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Evolus Stock Plummets 30%: Judge Reportedly Finds Jeuveau is Made with Stolen Trade Secrets

On July 6, 2020, Evolus issued a press release stating that the Judge overseeing the U.S. International Trade Commission case filed by Allergan and Medytox against Evolus and Daewoong released a Notice of Initial Determination. The Judge reportedly found a violation of the Tariff Act of 1930 with the company’s Jeuveau wrinkle treatment, according to the release.

TheStreet reports that the Judge further recommended barring imports of Jeuveau for 10 years. According to the news source,

The judge found that Jeuveau, produced by Newport Beach, Calif., medical-beauty company Evolus and South Korean health-care group Daewoong, is made with trade secrets stolen from Allergan and Medytox.

The Judge’s ruling is reportedly an initial decision, and is subject to final determination of the International Trade Commission (ITC). According to TheStreet, the Commission is scheduled to complete its investigation in November of this year.

Following this news, Evolus’s share price dropped nearly 30%. If you lost money in Evolus, you may have a claim.

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