NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Natus Medical, Inc. (NASDAQ:BABY) resulting from allegations that Natus may have issued materially misleading business information to the investing public.
On February 6, 2019, GlassHouse Research published a report entitled “Throw the BABY (Natus Medical Inc.) Out with the Bathwater,” accusing Natus of deceptive accounting practices. On this news, Natus’ share price fell by more than 4%, closing at $31.50 on February 6, 2019.
Then, on May 6, 2019, after the market closed, Natus announced that it would restate its previously announced financial results for the three months ended March 31, 2019 when “the Company identified non-cash currency translation adjustments and related tax effects that should have been accounted for in connection with the impairment charge for the divestiture of Medix.” On this news, shares of Natus fell after hours.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Natus investors. If you purchased shares of Natus please visit the firm’s website at http://www.rosenlegal.com/cases-register-1564.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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