INVESTOR ALERT: Investigation of Natus Medical Inc. Announced by Law Offices of Howard G. Smith
April 15 2016 - 1:13PM
Business Wire
Law Offices of Howard G. Smith announces an investigation
on behalf of investors of Natus Medical Inc. ("Natus" or the
"Company") (NASDAQ: BABY) concerning the Company and its officers’
possible violations of federal securities laws. Law Offices of
Howard G. Smith is preparing a lawsuit on behalf of injured
investors.
Natus designs, manufactures and markets newborn care and
neurology healthcare products and services worldwide. The
investigation concerns whether the Company adequately disclosed the
risk that certain key government supply contracts would be
cancelled and thereby cause a material decline in the Company’s
revenues and profitability. In addition, Company insiders,
including CEO Jim Hawkins, sold a significant amount of shares
immediately prior to Company disclosures that certain revenue
expectations would not be met.
On April 4, 2016, Natus announced its preliminary revenue for
the quarter ended March 31, 2016. CEO Hawkins announced that due
to, “pushouts of key orders in both our international and domestic
markets, revenue for the first quarter of 2016 is now weaker than
expected.” On this news, shares of Natus fell $7.80 per share, or
over 24%, to close on April 4, 2016 at $31.84.
If you purchased Natus securities, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160415005788/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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