Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against
Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Orthofix International N.V.
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Todd M. Garber announces that all purchasers of Orthofix International N.V. ("Orthofix" or the "Company") (NAS: OFIX) securities between May 5, 2011 and July 29, 2013 (the "Class Period') have until October 14, 2013 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of New York.
Orthofix is a medical device company engaged in the design, development, manufacturing, marketing and distribution of medical equipment used principally by musculoskeletal medical specialists for spine and orthopedic applications. The Complaint alleges that defendants misrepresented or failed to disclose that: (1) certain revenues recognized during 2011 and 2012 should not have been recognized or were recognized improperly; (2) Orthofix's previously issued consolidated financial statements as of and for the fiscal years ended December 31, 2011 and December 31, 2012, the interim quarterly periods within those years, and for the interim quarterly period ended March 31, 2013 should not be relied upon; (3) Orthofix's financial statements during 2011, 2012 and the first quarter of 2013 were materially false and misleading and violated generally accepted accounting principles and the Company's revenue recognition policy; (4) Orthofix's Forms 10-Q and 10-K for fiscal years 2011, 2012, and the first quarter of 2013, failed to disclose then-known trends, events or uncertainties associated with the Company's revenues that were reasonably likely to have a material effect on Orthofix's future operating results; (5) the Company's disclosure controls and procedures over financial reporting were materially deficient, and defendants' representations during the Class Period concerning those controls and procedures were materially false and misleading; and (6) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company's financial performance and outlook during the Class Period.
If you are a member of the above-described Class, you may move the Court no later than October 14, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you may retain counsel of your choice or take no action and remain an absent member of the Class. If you have information or would like to learn more about these claims or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
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Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
KEYWORDS: United States North America California
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