A lawsuit was filed on behalf of investors in Misonix, Inc. (NASDAQ:MSON) shares over alleged securities laws violations and November 18, 2016. NASDAQ:MSON investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/20/2016 -- The Shareholders Foundation announced that an investor, who purchased shares of Misonix, Inc. (NASDAQ:MSON), filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Misonix, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Misonix, Inc. (NASDAQ:MSON) have certain options and for certain investors are short and strict deadlines running. Deadline: November 18, 2016. NASDAQ:MSON investors should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The plaintiff alleges on behalf of purchasers of Misonix, Inc. (NASDAQ:MSON) common shares between November 5, 2015 and September 14, 2016, that the defendants violated Securities Laws. More specifically, the plaintiff claims that between November 5, 2015 and September 14, 2016 the defendants made false and/or misleading statements and/or failed to disclose that deficiencies existed in Misonix's internal controls over financial reporting, and that as a result, Defendants' statements about Misonix's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On September 14, 2016, Misonix, Inc. disclosed that the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2016 will be delayed pending the completion of an investigation by Misonix's Audit Committee relating to deficiencies that existed in the Misonix's internal control over financial reporting at June 30, 2016. Shares of Misonix, Inc. (NASDAQ:MSON) declined on September 15, 2016 to as low as $4.95 per share.
On September 19, 2016, NASDAQ:MSON shares closed at $5.32 per share.
Those who purchased shares of Misonix, Inc. have certain options and should contact the Shareholders Foundation.
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