SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of ReWalk Robotics Ltd. of a Class Action Lawsuit
October 05 2016 - 11:51AM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of ReWalk Robotics Ltd. (“ReWalk”)
(NASDAQGM:RWLK) pursuant to the Company’s
initial public offering (“IPO”) on or around September 12,
2014.
You are hereby notified that a securities class action
lawsuit has been commenced in the Superior Court of the State of
California, County of San Mateo. If you purchased or otherwise
acquired ReWalk securities pursuant to the initial public offering
your rights may be affected by this action. To get more information
go to:
http://zlk.9nl.com/rewalk-robotics-rwlk
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that while the Registration Statement
filed pursuant to the IPO stated that the U.S. Food and Drug
Administration had classified ReWalk as subject to special
controls, including compliance with medical device consensus
standards, performance of a postmarket surveillance clinical study
demonstrating a reasonable assurance of safety and effectiveness in
urban terrain, and a training program, among other things, the
Company failed to disclose that it was unable to comply with the
special controls. ReWalk also omitted that it had received a
Warning Letter from the FDA in September of 2015, in which the FDA
outlined ReWalk’s failures to propose and commence an adequate
postmarket surveillance plan. On May 10, 2016, ReWalk revealed that
at the time of the IPO, the company had been unable to comply with
the FDA's special controls due to inadequate staffing.
If you suffered a loss in ReWalk and would like to obtain
additional information, contact Joseph E. Levi, Esq. either via
email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/rewalk-robotics-rwlk.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20161005006074/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq., 212-363-7500Toll
Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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