BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased MiMedx Group Inc. (“MiMedx” or the “Company”) (NASDAQ: MDXG) securities between March 7, 2013, and February 19, 2018, inclusive (the “Class Period”). MiMedx investors have until April 25, 2018 to file a lead plaintiff motion.
Investors suffering losses on their MiMedx investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
The complaint filed in this class action alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) MiMedx was engaged in a “channel-stuffing” scheme designed to inappropriately recognize revenue that had not yet been realized; (2) that the Company failed to employ proper compliance measures to ensure appropriate accounting practices; (3) that, as a result, the Company’s internal controls over financial reporting were materially weak; (4) that, as a result, the Company’s financial statements were inaccurate and misleading; and, (5) that, as a result of the foregoing, Defendants’ statements about MiMedx’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased shares of MiMedx during the Class Period, have information or would like to learn more about these claims, or 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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