OFIX CLASS ACTION NEWS: OrthoFix Medical Inc. Shareholders with Large Losses Should Seek Counsel; Contact Robbins LLP About the Pending Class Action Lawsuit

Core Viewpoint - A class action lawsuit 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]. Group 1: Allegations and Issues - The complaint claims that Orthofix failed to disclose inadequate internal controls, leading to issues such as lax vetting of executive hires and inappropriate conduct by senior management [1]. - Allegations include prioritization of personal and financial incentives over compliance with laws and regulations, resulting in material misstatements in SEC filings and public disclosures [1]. 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 [2]. - All legal representation is on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [2]. Group 3: About Robbins LLP - Robbins LLP is a recognized leader in shareholder rights litigation, having recovered over $1 billion for shareholders since its inception in 2002 [3]. - The firm is dedicated to improving corporate governance and holding executives accountable for wrongdoing [3].