The complaint alleges the company failed to provide wholesome or timely information, including information relating to sales of company stock or the company’s eviction from a manufacturing facility.
The company’s stock reportedly fell from $2.58 to a penny a share, according to the report. The company’s latest financial report shows Internal Fixation Systems lost $1.3 million on $293,000 in sales.
More Articles on Orthopedic Devices:
Spinal Device Forecast Shows Big Opportunity in Emerging Markets
Southern Vermont Orthopaedics Now Offers Oxford Partial Knee System
