NEW YORK, Feb. 6, 2017 /PRNewswire/ -- The law firm Gardy & Notis, LLP announces that it has filed a securities fraud class action lawsuit in federal court in Massachusetts on behalf of investors who purchased ReWalk Robotics Ltd. ("ReWalk") (NASDAQ: RWLK) common stock traceable to ReWalk's Initial Public Offering ("IPO") on or about September 14, 2014.
The lawsuit alleges that the Registration Statement and Prospectus issued in connection with the IPO did not disclose material information, including that ReWalk was unprepared and/or unable to comply with "special controls" requirements or to provide the U.S. Food and Drug Administration with a post-market surveillance study as required by the FDA to maintain ongoing sales of its products.
If you purchased ReWalk common stock in connection with ReWalk's IPO on or about September 14, 2014 and you wish to serve as lead plaintiff, you may move the Court no later than March 27, 2017. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed class. The lawsuit is called Deng, et al. v. ReWalk Robotics, Ltd., et al. (Case No. 1:17-cv-10169) filed in the federal district court for the District of Massachusetts.
To learn more about the lawsuit and your rights, please contact Jennifer Sarnelli at firstname.lastname@example.org.
Gardy & Notis, LLP specializes in large, complex litigation in the fields of securities, corporate governance, and mergers and acquisitions. The attorneys at Gardy & Notis, LLP have served as plaintiffs' lead counsel in some of the largest securities fraud class action recoveries.
Attorney Advertising. Past results do not guarantee future outcomes.
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SOURCE Gardy & Notis, LLP