Core Viewpoint - A class action has been filed against Orthofix Medical Inc. regarding its acquisition of SeaSpine Holdings Corporation, alleging that the company misled investors about its internal controls and compliance programs during the merger process [1][2]. Group 1: Allegations and Issues - The complaint claims that Orthofix failed to disclose inadequate internal controls and deficient compliance and training programs, leading to issues such as lax vetting of executive hires and inappropriate conduct by senior management [2]. - Allegations include prioritization of personal and financial incentives over compliance with laws and regulations, as well as failure to ensure that SEC filings and public disclosures were free of material misstatements [2]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their applications by November 8, 2024, and participation in the case is not required to be eligible for recovery [3]. - The law firm Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [4]. Group 3: Company Background - Robbins LLP has been active in shareholder rights litigation since 2002 and has recovered over $1 billion for shareholders [4].
OFIX Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Against OrthoFix Medical Inc.