NEW YORK, Oct. 1, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Orthofix International N.V. ("Orthofix" or the "Company") (Nasdaq:OFIX) securities during the period between May 5, 2011 and July 29, 2013.
For more information, click here: http://zlk.9nl.com/orthofix-international/.
The complaint alleges that the Company issued false and misleading statements about the Company's financial condition and prospects. On July 29, 2013, Orthofix issued a press release announcing, among other things, that it was delaying the release of its financial results for the second quarter of 2013 and that additional time was needed to review matters relating to revenue recognition for prior periods. In response to this announcement the price of Orthofix shares declined from $27.40 per share prior to the announcement to $22.71 per share on July 30, 2013. Then, on August 6, 2013, Orthofix issued a press release announcing that it would restate its financial statements for fiscal years 2011 and 2012 and the first quarter of 2013.
If you suffered a loss in Orthofix you have until October 14, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/orthofix-international/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP