MiMedx Group Inc
37 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||MiMedx Group Inc|
|Stock Symbol :||NASDAQ: MDXG|
|Class Period Start:||03/07/2013|
|Class Period End:||02/21/2018|
|Lead Plaintiff motion:||04/25/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Southern District of New York|
Thieler Law Corp advises investors with losses exceeding $100,000 of the April 25, 2018 lead plaintiff deadline in a class action lawsuit filed against MiMedx Group Inc (NASDAQ: MDXG) (“MiMedx” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased MiMedx Group Inc securities between March 7, 2013 and February 21, 2018, have until April 25, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased MiMedx Group Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing firstname.lastname@example.org . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that MiMedx was engaged in a “channel-stuffing” scheme designed to inappropriately recognize revenue that had not yet been realized; the Company lacked adequate internal controls over financial reporting; and that as a result of the foregoing, MiMedx’s publicly disseminated financial statements were materially false and misleading.
On February 20, 2018, the Company revealed that its audit committee "has engaged independent legal and accounting advisors to conduct an internal investigation into current and prior-period matters relating to allegations regarding certain sales and distribution practices at the Company." MiMedx advised investors that "Company executives are also reviewing, among other items, the accounting treatment of certain distributor contracts."
Following this news, NASDAQ: MDXG fell during intraday trading on February 20, 2018, harming investors.
If you were negatively impacted by your investment in MiMedx Group Inc securities between March 7, 2013 and February 21, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
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Thieler Law Corp
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