Emergent BioSolutions Inc. is currently embroiled in significant litigation following allegations of securities fraud and manufacturing failures. The company faced class action claims from stockholders in the case In re Emergent BioSolutions Inc. Securities Litigation, filed in April 2021. Additionally, in June 2021, the Lincolnshire Police Pension Fund filed a derivative complaint against certain directors and officers of Emergent, followed by a similar complaint in August 2021. The litigation centers around extensive vaccine manufacturing failures as reported by House Committees in May 2022, and related efforts to conceal these deficiencies. Settlement negotiations are ongoing, with mediation efforts taking place in early 2024. The outcome of these legal proceedings could have significant implications for Emergent's operations and reputation.
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