SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation into Possible Securities Fraud Violat...
April 15 2016 - 3:30PM
Business Wire
Levi & Korsinsky announces it has commenced an investigation
of Natus Medical Inc. (“Natus Medical” or the “Company”)
(NASDAQ:BABY) concerning possible violations of federal securities
laws.
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 lower-than-expected
preliminary revenue for the quarter ended March 31, 2016. CEO
Hawkins announced that “Pushouts of key orders in both our
international and domestic markets led to weaker than expected
revenue late in the first quarter.” On this news, shares of Natus
fell from a close of $39.64 on April 1, 2016, to close at $31.84
per share the following business day. To obtain additional
information about the investigation, go to:
http://zlk.9nl.com/natus-medical-baby
or contact Eduard Korsinsky, Esq. either via email at ek@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation involving financial
fraud, and have recovered hundreds of millions of dollars for
aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160415005879/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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