An investigation on behalf of investors in MiMedx Group Inc (NASDAQ: MDXG) shares over potential wrongdoing at MiMedx Group Inc was announced.
San Diego, CA -- (SBWIRE) -- 03/05/2020 -- An investigation was announced concerning possible breaches of fiduciary duties by certain directors at MiMedx Group Inc .
Investors who purchased shares of MiMedx Group Inc (NASDAQ: MDXG) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain MiMedx Group directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 24, 2018, a lawsuit was filed against MiMedx Group Inc over alleged violations of Federal Securities Laws. The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that MiMedx was engaged in a "channel-stuffing" scheme designed to inappropriately recognize revenue that had not yet been realized, that the Company lacked adequate internal controls over financial reporting, and that that as a result of the foregoing, MiMedx's publicly disseminated financial statements were materially false and misleading
Those who purchased shares of MiMedx Group Inc (NASDAQ: MDXG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.