| Company: | Orthofix International N.V. |
| Ticker Symbol: | OFIX |
| Class Period: | May-5-11 to Jul-29-12 |
| Date Filed: | Aug-19-13 |
| Lead Plaintiff Deadline: | Oct-18-13 |
| Court: | Southern District of New York |
| Allegations: | |
Orthofix is a medical device company engaged in the design, development, manufacturing, marketing and distribution of medical equipment used principally by musculoskeletal medical specialists for spine and orthopedic applications.
The Complaint alleges that defendants misrepresented or failed to disclose that: (1) certain revenues recognized during 2011 and 2012 should not have been recognized or were recognized improperly; (2) Orthofix's previously issued consolidated financial statements as of and for the fiscal years ended December 31, 2011 and December 31, 2012, the interim quarterly periods within those years, and for the interim quarterly period ended March 31, 2013 should not be relied upon; (3) Orthofix's financial statements during 2011, 2012 and the first quarter of 2013 were materially false and misleading and violated generally accepted accounting principles and the Company's revenue recognition policy; (4) Orthofix's Forms 10-Q and 10-K for fiscal years 2011, 2012, and the first quarter of 2013, failed to disclose then-known trends, events or uncertainties associated with the Company's revenues that were reasonably likely to have a material effect on Orthofix's future operating results; (5) the Company's disclosure controls and procedures over financial reporting were materially deficient, and defendants' representations during the Class Period concerning those controls and procedures were materially false and misleading; and (6) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company's financial performance and outlook during the Class Period.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
