Lawsuit Filed for Investors in Orthofix Medical Inc. (NASDAQ: OFIX) Shares

Investors in Orthofix Medical Inc. (NASDAQ:OFIX) shares are facing a lawsuit that alleges securities laws violations. The lawsuit, filed on August 21, 2024, by an investor in NASDAQ: OFIX shares, claims that the company issued false and misleading statements about its management team. The plaintiff alleges that when the truth about the management team was revealed, the stock price of Orthofix Medical Inc. suffered significant declines, causing investors to incur losses.

The lawsuit comes after Orthofix Medical Inc. announced the termination of its CEO, CFO, and CLO on September 12, 2023. The company stated that an investigation conducted by independent outside legal counsel found that the executives engaged in inappropriate and offensive conduct that violated the company’s code of conduct requirements.

Investors who purchased shares of Orthofix Medical Inc. (NASDAQ: OFIX) are urged to contact the Shareholders Foundation, Inc. for more information on their options. The deadline for certain investors is October 21, 2024.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service that provides research on shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal news related to the stock and financial market. It is important for investors to stay informed and take appropriate action to protect their investments.