GMED INVESTOR ALERT: Investigation of Globus Medical, Inc. Announced by The Law Offices of Howard G. Smith
April 24 2015 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of investors of Globus
Medical, Inc. (“Globus” or the “Company”) (NYSE:GMED) concerning
the Company’s and its officers’ possible violations of federal
securities laws.
On April 22, 2015, the Company announced that its auditors, KPMG
LLP, had declined to stand for reelection as auditor of the
Company’s financial statements. The Company stated in relevant
part, “[o]n April 16, 2015, KPMG LLP ("KPMG") orally notified
Globus Medical, Inc. (the "Company") that upon the completion of
KPMG's review of the Company's consolidated financial statements
for the quarterly reporting period ended March 31, 2015 and the
filing of the related Quarterly Report on Form 10-Q, KPMG declines
to stand for reelection as the independent registered public
accounting firm for the Company. KPMG's decision was accepted by
the audit committee of the Company's board of directors.” On this
news, shares of Globus fell on April 23, 2015, as much as $1.33 per
share during intraday trading, on unusually high volume.
If you purchased shares of Globus prior to April 23, 2015, have
information or would like to learn more about these claims, or have
any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020; by telephone at
215-638-4847, toll-free at 888-638-4847; or by email to
howardsmith@howardsmithlaw.com; or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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