Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Natus Medical Incorporated (NASDAQ: BABY) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Natus Medical Incorporated (NASDAQ: BABY) concerning whether a series of statements by Natus Medical Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 6, 2019, a report published by GlassHouse Research entitled “Throw the BABY (Natus Medical Inc.) Out with the Bathwater,” alleged Natus of deceptive accounting practices.
Following this news, NASDAQ: BABY fell by more than 4%, closing at $31.50 on February 6, 2019.
On May 6, 2019, the Company revealed that it would restate its previously announced financial results for the three months ended March 31, 2019 when “the Company identified non-cash currency translation adjustments and related tax effects that should have been accounted for in connection with the impairment charge for the divestiture of Medix.”
Following this news, NASDAQ: BABY fell, causing investors harm.
Based in Pleasanton, California, and founded in 1987 Natus Medical Incorporated provides neurology, newborn care, and hearing and balance assessment healthcare products and services worldwide.
If you purchased shares of Natus Medical Incorporated (NASDAQ: BABY) on or before February 6, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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