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Lawsuit filed for Investors in shares of RTI Surgical Holdings, Inc. (NASDAQ: RTIX)

03-31-2020 07:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in RTI Surgical Holdings, Inc. (NASDAQ: RTIX) shares.

A lawsuit was filed on behalf of investors in RTI Surgical Holdings, Inc. (NASDAQ: RTIX) shares.

An investor, who purchased shares of RTI Surgical Holdings, Inc. (NASDAQ: RTIX), filed a lawsuit over alleged violations of Federal Securities Laws by RTI Surgical Holdings, Inc..

Investors who purchased shares of RTI Surgical Holdings, Inc. (NASDAQ: RTIX) have certain options and for certain investors are short and strict deadlines running. Deadline: May 22, 2020. NASDAQ: RTIX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On March 16, 2020, RTI Surgical Holdings, Inc. announced that it would not file its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "Annual Report") by the due date. The delay is due to an investigation of current and prior period matters relating to the Company's revenue recognition, primarily with OEM customers, including the accounting treatment, financial reporting, and internal controls related to such arrangements. The investigation was prompted by an ongoing SEC investigation related to the periods 2014 through 2016.

The plaintiff claims that between March 7, 2016 and March 16, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company inappropriately recognized revenues with respect to certain contractual arrangements, including other equipment manufacturer customers, that the Company's internal controls over financial reporting were not effective, that as a result, the Company would be forced to delay the filing of its Form 10-K for fiscal year ended December 31, 2019, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of RTI Surgical Holdings, Inc. (NASDAQ: RTIX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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