PHILADELPHIA, PA / ACCESSWIRE / October 11, 2023 / Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Orthofix Medical Inc. ("Orthofix" or the "Company") (NASDAQ:OFIX).
INVESTORS OF ORTHOFIX STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL INFO@KEHOELAWFIRM.COM TO CONTACT KEHOE LAW FIRM, P.C.
On September 12, 2023, Business Wire reported that Orthofix announced that it replaced its CEO, CFO and Chief Legal Officer "follow[ing] the unanimous decision by the [Orthofix] Board's independent directors to terminate for cause Keith Valentine, John Bostjancic and Patrick Keran from those respective roles. The Board also requested that Mr. Valentine resign from the Board."
The Company, according to Business Wire, also reported that "[t]he Board's decision follows an investigation conducted by independent outside legal counsel and directed and overseen by the Company's independent directors. As a result of the investigation, the Board determined that each of these executives engaged in repeated inappropriate and offensive conduct that violated multiple code of conduct requirements and was inconsistent with the Company's values and culture."
OFIX stock was down more than 19% in pre-market trading on September 12, 2023.
ORTHOFIX SHAREHOLDERS ARE ALSO ENCOURAGED TO CONTACT JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, JKEHOE@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE ORTHOFIX SECURITIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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SOURCE: Kehoe Law Firm, P.C.
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https://www.accesswire.com/792021/orthofix-stock--investors-of-orthofix-medical-stock-encouraged-to-contact-kehoe-law-firm-pc--ofix
