An investigation on behalf of investors in NuVasive, Inc. (NASDAQ:NUVA) shares over potential wrongdoing at NuVasive, Inc. was announced and NASDAQ:NUVA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/23/2017 -- An investigation was announced for current long-term investors in NASDAQ:NUVA shares over potential breaches of fiduciary duties by certain directors at NuVasive, Inc.
Investors who purchased shares of NuVasive, Inc. (NASDAQ:NUVA) and currently hold any of those NASDAQ:NUVA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain NuVasive officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On July 30, 2013, NuVasive, Inc. reported its second quarter 2013 financial results. Among other things, NuVasive, Inc. said that during the three months ended June 30, 2013, the Company received a federal administrative subpoena from the Office of the Inspector General of the U.S. Department of Health and Human Services ("OIG") in connection with an investigation into possible false or otherwise improper claims submitted to Medicare and Medicaid. NuVasive, Inc. said that the subpoena seeks discovery of documents for the period January 2007 through April 2013.
On August 28, 2013, a lawsuit was filed against Nuvasive over alleged securities laws violations. The plaintiff alleged that Defendants made allegedly false and/or misleading statements and/or failed to disclose that NuVasive, Inc. improperly submitted false claims to Medicare and Medicaid in violation of federal and state laws and regulations, that NuVasive, Inc's internal compliance program was unable to detect and report False Claims Act and other violations, and that as a result of the foregoing, NuVasive, Inc's statements were materially false and misleading at all relevant times.
Those who purchased shares of NuVasive, Inc. 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