Press release
NYSE:IVC Investor Investigation of Invacare Corporation Announced
San Diego, CA, USA (January 30, 2012) -- The Shareholders Foundation announces that an investigation for investors in NYSE:IVC shares was initiated in connection with potential Violations of Federal Securities Laws by Invacare Corporation and certain of its officers and directors.
Those who purchased shares of Invacare Corp. (NYSE:IVC), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Invacare Corp. (NYSE:IVC) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements regarding Invacare's business, its prospects and its operations were potentially materially false and misleading at the time they were made.
On December 8, 2011, Invacare Corporation (NYSE:IVC) announced that the U.S. Food and Drug Administration (FDA) has requested that the Company negotiate and agree to a consent decree of injunction relating to previously disclosed inspectional observations at Invacare's corporate facility and its wheelchair manufacturing facility in Elyria, Ohio. Invacare Corporation said that the FDA has proposed a consent decree that would require suspension of certain operations at the facilities until they are determined by the FDA to be in compliance.
Following the announcement shares of Invacare (NYSE:IVC) fell on December 8 to $14.68 per share.
Those who purchased shares of Invacare Corporation should contact the Shareholders Foundation.
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. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Media Contact:
Joelle Day
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
Web: http://www.shareholdersfoundation.com
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