|[September 16, 2013]
Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of NuVasive, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of purchasers of the securities of NuVasive,
Inc. ("NuVasive" or the "Company") (NASDAQ:NUVA) concerning possible
violations of federal securities laws. The investigation focuses on
certain statements issued by the Company between October 22, 2008 and
July 30, 2013 concerning NuVasive's business and operations.
NuVasive is a medical device company engaged in the design, development
and marketing of minimally disruptive surgical products and procedurally
integrated solutions for the spine. The investigation is related to
allegations that the Company improperly submitted false claims to
Medicare and Medicaid in violation of federal and state laws and
On July 30, 2013, the Company discosed in its quarterly report on Form
10-Q for the second quarter of 2013 that the Company had "received a
federal administrative subpoena from the Office of the Inspector General
of the U.S. Department of Health and Human Services (OIG) in connection
with an investigation into possible false or otherwise improper claims
submitted to Medicare and Medicaid. The subpoena seeks discovery of
documents for the period January 2007 through April 2013."
Following this news, the price of NuVasive stock declined $3.28 per
share, or over 12%, to close at $22.84 per share on July 31, 2013.
If you purchased NuVasive shares between October 22, 2008 and July 30,
2013, if you have information or would like to learn more about these
claims, or if you purchased NuVasive shares prior to October 22, 2008
and have any questions concerning this announcement or 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 www.howardsmithlaw.com.
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