NEW
YORK, Nov. 13, 2024 /PRNewswire/ -- Moore
Law, PLLC, a securities and shareholder law firm located on
Wall Street, is investigating potential claims against:
- Amgen Inc. (NASDAQ: AMGN)
** Please only contact if shares purchased before
July 29, 2020
The investigation involves
allegations that: (i) the U.S. government claimed
Amgen owed more than $3 billion in back taxes for tax
years 2010, 2011, and 2012; (ii) the U.S. government claimed Amgen
owed more than $5 billion in back taxes for tax years
2013, 2014, and 2015; (iii) the U.S. government would likely claim
Amgen owed materially more to the U.S. government than investors
had been led to believe for subsequent tax years for which Amgen
had used the same profit allocation treatment between its U.S.
and Puerto Rico operations; (iv) Amgen had not taken
sufficient accruals to account for its outstanding tax liabilities;
(v) Amgen had failed to comply with ASC 450 and other rules and
regulations regarding the preparation of its periodic U.S.
Securities and Exchange Commission filings; and (vi) Amgen's
refusal to pay taxes claimed by the U.S. government exposed Amgen
to a substantial risk of severe financial penalties imposed by the
U.S. Internal Revenue Service ("IRS").
On April 27, 2022, Amgen issued an earnings release for its
first fiscal quarter of 2022, which disclosed that Amgen had
received a Notice of Deficiency from the IRS in April
2022 which sought $5.1 billion in back taxes, plus
interest, for tax years 2013, 2014, and 2015, and proposed
a $2 billion penalty as a result of Amgen's improper tax
avoidance strategies. On this news, the price of Amgen common stock
fell by an additional 4.3%, further damaging investors.
If you purchased or otherwise acquired Amgen Inc.
(NASDAQ: AMGN), please contact Fletcher Moore by email
at fletcher@fmoorelaw.com.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff contingency litigation law firm for
investors. We have extensive experience representing
shareholders. We hold officers and directors accountable for
breaches of fiduciary duty, fraud, insider trading,
wasteful spending, and other corporate misconduct. Our
individual clients do not pay for our investor litigation services.
There is no cost to you ever.
Contacts
Moore Law PLLC
Fletcher Moore, Esq.
(212) 709-8245
fletcher@fmoorelaw.com
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SOURCE Moore Law PLLC
