NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 14, 2013 to file lead plaintiff applications in a securities class action lawsuit against Orthofix International N.V. (Nasdaq: OFIX), if they purchased the Company’s securities during the period between May 5, 2011 and July 29, 2013, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Orthofix and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org) or KSF Partner Melinda Nicholson (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 14, 2013.
About the Lawsuit
Orthofix and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, in violation of federal securities laws.
These false statements and omissions included, in part, that: (a) certain revenues recognized during 2011 and 2012 were not properly recognized; (b) Orthofix's financial statements during 2011, 2012, and the first quarter of 2013 (i) should not be relied upon, (ii) failed to disclose then presently 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, and (iii) were materially false and misleading; and (c) Orthofix's disclosure controls and procedures over financial reporting were materially deficient.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.