NEW YORK, Jan. 24, 2017 /PRNewswire/ -- Lifshitz & Miller, a securities class action law firm focused on representing shareholders nationwide, announces that on January 24, 2017, Lifshitz & Miller filed a securities class action lawsuit on behalf of shareholders who purchased shares of ReWalk Robotics Ltd. (RWLK) ("ReWalk" or the "Company") in connection with ReWalk's initial public offering conducted on or about September 12, 2014 (the "IPO"). The lawsuit was filed in the United States District Court for the Northern District of California and alleges violations of the Securities Act of 1933.
A copy of the complaint is available from the Court or from Lifshitz & Miller. If you are a ReWalk investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at firstname.lastname@example.org.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The Complaint alleges that defendants caused ReWalk to issue its Registration Statement and Prospectus in connection with the IPO that contained materially misleading statements and/or omitted material information in violation of Sections 11, 12 and 15 of the Securities Act of 1933. The Complaint alleges that the Registration Statement and Prospectus failed to disclose that ReWalk was unprepared and/or unable to comply with applicable "special controls" requirements or to provide the FDA with a postmarket surveillance study as required by the FDA for the Company to maintain ongoing sales of its products. The Complaint also names as defendants certain of the Company's officers and directors, the underwriters of the IPO and certain venture capital firms with significant holdings in the Company for violations of Sections 12 and 15 of the Securities Act of 1933.
Investors have 60 days from today to file a motion, with the court, for appointment as a lead plaintiff in this lawsuit.
Lifshitz & Miller has extensive experience representing investors in the prosecution of securities class actions and shareholder derivative litigation in state and federal courts across the country.
ATTORNEY ADVERTISING.© 2017 Lifshitz & Miller LLP. The law firm responsible for this advertisement is Lifshitz & Miller LLP, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516)493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Joshua M. Lifshitz, Esq.
Lifshitz & Miller LLP
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SOURCE Lifshitz & Miller Law Firm