Wolf Haldenstein Investigates Potential Securities Fraud Claims Against Orthofix Medical Inc.

Wolf Haldenstein Adler Freeman & Herz LLP, a renowned national shareholder rights litigation firm, has announced that it is currently investigating potential securities fraud claims against Orthofix Medical Inc. The firm is looking into allegations on behalf of investors who incurred losses while purchasing shares of Orthofix (NASDAQ:OFIX).

Investors who suffered losses are advised to contact Wolf Haldenstein immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. Additional information about the potential action can be found on the firm’s website, www.whafh.com.

The investigation by Wolf Haldenstein centers around whether Orthofix issued false and/or misleading statements or failed to disclose information that was pertinent to investors. On September 12, 2023, Orthofix released a press statement announcing leadership changes, including the appointment of an Interim Chief Executive Officer, Interim Chief Financial Officer, and Interim Chief Legal Officer. The press release highlighted that the decision to terminate certain executives was made due to repeated inappropriate and offensive conduct that violated the company’s code of conduct requirements and values.

Following this news, Orthofix’s stock price experienced a significant decline of $5.62 per share, or 30.17%, closing at $13.01 per share on September 12, 2023.

Wolf Haldenstein is a highly experienced firm in securities class actions and derivative litigation, with a presence in state and federal trial and appellate courts across the country. The firm’s expertise in shareholder and class litigation has been consistently recognized by the courts, which have appointed it to significant positions in complex securities multi-district and consolidated litigation.

If you have any questions or wish to discuss this action, please reach out to Wolf Haldenstein at (800) 575-0735 or via email at classmember@whafh.com. Gregory Stone, Director of Case and Financial Analysis at Wolf Haldenstein, can also be contacted for further information at gstone@whafh.com.

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