A deadline is coming up on April 16, 2016 in the settlement reached in the securities class action lawsuit filed for investors in NASDAQ: OFIX shares between March 2, 2010 and July 29, 2013.
Investors who purchased a significant amount of shares of Orthofix International NV (NASDAQ: OFIX) between March 2, 2010 and July 29, 2013, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Orthofix International NV (NASDAQ: OFIX) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/orthofix-international-nv-nasdaq-ofix-investor-securities-class-action-lawsuit-08142013
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is April 16, 2016. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against Orthofix International NV over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 5, 2011 and July 29, 2013.
According to the complaint the plaintiff alleges on behalf of purchasers of Orthofix International NV (NASDAQ: OFIX) common stock during the period between May 5, 2011 and July 29, 2013, that Orthofix International NV and certain of its officers violated the Securities Exchange Act of 1934. More specifically, the plaintiff alleges that defendants misrepresented or failed to disclose the following adverse facts, which were known to defendants or recklessly disregarded by them that certain revenues recognized during 2011 and 2012 should not have been recognized or should not have been recognized during the periods in which they were recognized, that Orthofix International NV’s previously issued consolidated financial statements as of and for the fiscal years ended December 31, 2011 and December 31, 2012 (as well as the interim quarterly periods within such years), and for the interim quarterly period ended March 31, 2013, should not be relied upon, that Orthofix International NV’s financial statements during 2011, 2012, and the first quarter of 2013 were materially false and misleading and violated generally accepted accounting principles and Orthofix International NV’s publicly disclosed policy of revenue recognition, that Orthofix International NV’s Forms 10-Q and 10-K for fiscal years 2011 and 2012, as well as for the first quarter of 2013, failed to disclose then presently known trends, events or uncertainties associated with the Company’s revenues that were reasonably likely to have a material effect on Orthofix International NV’s future operating results, that Orthofix International NV’s disclosure controls and procedures over financial reporting were materially deficient and its representations concerning them between May 5, 2011 and July 29, 2013, including certifications issued by defendants, were materially false and misleading; and that as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about Orthofix International NV’s financial performance and outlook between May 5, 2011 and July 29, 2013.
Those who purchased NASDAQ: OFIX shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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