Press release
Lawsuit filed for Investors who lost money with shares of Orthofix Medical Inc. (NASDAQ: OFIX)
A lawsuit was filed on behalf of investors in Orthofix Medical Inc. (NASDAQ: OFIX) shares over alleged securities laws violations.
Investors who purchased shares of Orthofix Medical Inc. (NASDAQ: OFIX) have certain options and for certain investors are short and strict deadlines running. Deadline: October 21, 2024. NASDAQ: OFIX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Lewisville, TX based Orthofix Medical Inc. operates spine and orthopedics company in the United States, Italy, Germany, France, the United Kingdom, Brazil, and internationally. On September 12, 2023, Orthofix Medical Inc. announced the termination of its CEO, CFO, and CLO. The Company stated, "The Board's decision follows an investigation conducted by independent outside legal counsel and directed and overseen by the Company's independent directors. As a result of the investigation, the Board determined that each of these executives engaged in repeated inappropriate and offensive conduct that violated multiple code of conduct requirements and was inconsistent with the Company's values and culture. These matters are unrelated to and do not impact the Company's strategy, results of operations or previously filed financial statements." Shares of Orthofix Medical Inc. (NASDAQ: OFIX) declined from $21.60 per share on August 31, 2023, to as low as $12.26 per share on September 22, 2023.
The plaintiff claims that between October 11, 2022, and September 12, 2023, the Defendants issued false and misleading statements and/or failed to disclose adverse facts about the Company's management team, that when the truth about the Company's management team was revealed, the price of Orthofix common stock suffered sharp declines and that as a result, investors who purchased shares of Orthofix Medical Inc. (NASDAQ: OFIX) suffered significant losses and damages.
Those who purchased shares of Orthofix Medical Inc. (NASDAQ: OFIX) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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