Grabar Law Office Investigates Claims on Behalf of Shareholders of Charles River Laboratories International, Inc. (CRL)

Philadelphia, Pennsylvania--(Newsfile Corp. - May 26, 2023) - Grabar Law Office is investigating claims on behalf of Charles River Laboratories International, Inc. (NYSE: CRL) shareholders. The investigation concerns whether certain officers of Rocket Companies have breached their fiduciary duties owed to the company.

Charles River has received a subpoena from the U.S. Department of Justice over an investigation into the supply of non-human primates from Cambodia.

Charles River expects constraints on the supply of monkeys to reduce its consolidated revenue growth forecast by about 200 to 400 basis points this year.

Long-tailed macaques are protected under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) and require special permits in order to be imported into the United States.

A federal securities class action lawsuit has been filed against Charles River Laboratories International, Inc. The lawsuit alleges Charles River, via certain of its officers and directors, made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company's business, operations, and prospects, including: (1) that Charles River had engaged in illegal activity with respect to its importation of primates for research; (2) that, as a result, Charles River was at a heightened risk of criminal and regulatory investigation by the U.S. Department of Justice; (3) that, as a result, Charles River would be forced to suspend shipments of primates from Cambodia; and (4) that, as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis when made.

Current Charles River shareholders who have continuously held Charles River shares since on or before May 5, 2020, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them.

If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/charles-river-shareholder-investigation/, contact us at jgrabar@grabarlaw.com, or call Joshua Grabar at 267-507-6085.

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

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