Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Sept. 09, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Orthofix Medical Inc. ("Orthofix Medical" or the "Company") (NASDAQ: OFIX) investors of a class action representing investors that bought securities between October 11, 2022 and September 12, 2023, inclusive (the "Class Period"). Orthofix Medical investors have until October 21, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
CASE ALLEGATIONS: Orthofix is a company specializing in spine and orthopedics, operating both in the United States and internationally.
The Orthofix class action lawsuit claims that during the Class Period, Orthofix and its affiliates made false or misleading statements and/or failed to disclose that Orthofix falsely assured investors that its management team adhered to the highest ethical and legal standards, and that this team promoted a strong performance-based culture centered on integrity, collaboration, innovation, diversity, and corporate responsibility.
The lawsuit further alleges that on September 12, 2023, Orthofix announced the immediate appointment of an interim CEO, interim CFO, and interim CLO. This change followed the “unanimous decision by the Board’s independent directors to terminate for cause Keith Valentine, John Bostjancic, and Patrick Keran from their respective positions.” The complaint asserts that the Board found these executives had engaged in repeated inappropriate and offensive conduct that breached multiple code of conduct requirements and was inconsistent with the company’s values and culture.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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