SAN DIEGO, Feb. 23, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of shares of MiMedx Group Inc (Nasdaq:MDXG) over alleged Federal Securities Laws Violations by MiMedx Group.
Investors, who purchased a significant amount of shares of MiMedx Group Inc (Nasdaq:MDXG) between February 26, 2014 and December 31, 2014, and / or those investors who purchased any (Nasdaq:MDXG) shares prior to February 2014 and continue to hold any of those shares, have certain options and for certain investors are short and strict deadlines running. Deadline: April 20, 2015. (Nasdaq:MDXG) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that between February 26, 2014 and December 31, 2014 the defendants made allegedly false and/or misleading statements and/or failed to disclose that MiMedx Group Inc was in violation of federal regulations by engaging in improper marketing and sales practices, and that as a result of the foregoing, MiMedx Group Inc's statements were materially false and misleading at all relevant times.
On December 31, 2014 MiMedx Group Inc announced that it has received a subpoena from the Office of Inspector General ("OIG") of the Department of Health and Human Services ("HHS") in connection with a civil investigation into matters primarily related to the Company's sales and marketing activities.
The same day MiMedx Group Inc announced that it had filed a lawsuit against one of its competitors, Organogenesis, Inc. for allegedly tortious interference of contract, alleging that it had interfered with MiMedx Group Inc's dealings with the Veterans Administration. Within a matter of weeks, MiMedx Group Inc voluntarily dismissed the lawsuit.
Shares of MiMedx Group Inc (Nasdaq:MDXG) declined from as high as $11.76 per share on December 31, 2014 to as low as $7.92 per share on February 2, 2015.
The lawsuit seeks to recover damages for certain MiMedx Group investors.
Those who purchased shares of MiMedx Group Inc (Nasdaq:MDXG) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.