OFIX Investors: If You Sustained Significant Losses in Orthofix Medical Inc. Contact Shareholder Rights Law Firm Robbins LLP for Information About the Pending Class Action Lawsuit
OrthofixOrthofix(US:OFIX) GlobeNewswire News Room·2024-10-16 19:18

Core Viewpoint - A class action has been filed on behalf of former SeaSpine Holdings Corporation shareholders who exchanged their shares for Orthofix Medical Inc. stock during the merger on January 5, 2023, raising concerns about potential misrepresentation by Orthofix [1][2]. Group 1: Allegations Against Orthofix - The complaint alleges 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]. - It is claimed that the company prioritized personal and financial incentives over compliance with laws and regulations, resulting in material misstatements in SEC filings and public disclosures [2]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their applications by November 8, 2024, although participation is not required to be eligible for recovery [3]. - The class action allows shareholders to act collectively in directing the litigation against Orthofix [3]. Group 3: Robbins LLP Overview - Robbins LLP is noted for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception in 2002 [4].

OFIX Investors: If You Sustained Significant Losses in Orthofix Medical Inc. Contact Shareholder Rights Law Firm Robbins LLP for Information About the Pending Class Action Lawsuit - Reportify