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Class Action Lawsuit Against Organon & Co.","url":"https://stock-news.laohu8.com/highlight/detail?id=2546749609","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2546749609?lang=en_us&edition=fundamental","pubTime":"2025-06-27 21:09","pubTimestamp":1751029753,"startTime":"0","endTime":"0","summary":"A class action lawsuit was filed against Organon & Co. ($OGN) by Levi & Korsinsky on May 23, 2025. 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Despite assurances from Organon that the dividend would remain its top capital allocation priority, the company announced a reduction in its dividend from $0.28 to $0.02 per share on May 1, 2025, to focus on reducing debt. This news led to a significant decline in Organon's stock price, dropping approximately 27% to $9.45 per share. Investors who purchased Organon securities during the specified period have until July 22, 2025, to seek appointment as a lead plaintiff representative in the case. 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