|[August 31, 2013]
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Orthofix International N.V.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G.
Smith announces that investors of Orthofix International N.V.
("Orthofix" or the "Company") (NASDAQ:OFIX) have until October 14, 2013
to move the Court to serve as lead plaintiff in the securities fraud
class action lawsuit filed in the United States District Court for the
Southern District of New York on behalf of a class (the "Class")
comprising all purchasers of Orthofix common stock between May 5, 2011
and July 29, 2013 (the "Class Period").
Orthofix is a medical device company engaged in the design, development,
manufacture, 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 nd December 31, 2012, for 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 are a member of the Class described above, you have certain
rights and have until October 14, 2013 to move for lead plaintiff
status. To be a member of the Class, you need not take any action at
this time or you may retain counsel of your choice. If you purchased
shares prior to the Class Period and wish to learn more concerning your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to email@example.com,
or visit our website at http://www.howardsmithlaw.com.
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