SAN DIEGO, Oct. 15, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on November 8, 2013 in the lawsuit filed on behalf of certain investors in shares of MiMedx Group Inc (MDXG) over alleged Securities Laws Violations by MiMedx Group Inc in connection with certain allegedly false and misleading statements made between October 26, 2011 and September 4, 2013.
If you purchased a significant amount of common stock of MiMedx Group Inc (MDXG) between October 26, 2011 and September 4, 2013 and / or if you purchased MDXG shares prior to 2012 and currently hold any of those shares, you have certain options and you should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The plaintiff alleges that MiMedx Group Inc and certain of its officers violated the Securities Exchange Act of 1934. More specifically, the plaintiff alleges that the defendants issued between October 26, 2011 and September 4, 2013 materially allegedly false and misleading statements about whether its AmnioFix product required U.S. Food and Drug Administration ("FDA") approval to be manufactured and marketed.
On September 4, 2013, MiMedx Group Inc confirmed that it is in receipt of an "Untitled Letter" from the FDA. MiMedx Group Inc said that the letter questions the Company's Amnion / Chorion Injectable products' eligibility for marketing solely under Section 361 of the Public Health Service Act.
Shares of MiMedx Group Inc (MDXG) declined from $7.45 per share in June 2013 to a close at $3.85 per share on September 4, 2013.
The plaintiff seeks to recover damages.
Those who purchased shares of MiMedx Group Inc have certain options and should contact the Shareholders Foundation.
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.