Investigation Overview
An investigation on behalf of investors in shares of Alphatec Holdings, Inc. (NASDAQ: ATEC) was announced over potential breaches of fiduciary duties by certain officers and directors at Alphatec Holdings.
The investigation by a law firm concerns whether certain Alphatec Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.
Carlsbad, CA based Alphatec Holdings, Inc., a medical technology company, focuses on the design, development, and promotion of products for the surgical treatment of spine disorders. Alphatec Holdings, Inc. reported that its annual Total Revenue rose from $120.24 million in 2016 to $101.73 million in 2017 and that its Net Loss declined from $29.92 million in 2016 to $2.29 million in 2017.
Shares of Alphatec Holdings, Inc. (NASDAQ: ATEC) closed on August 29, 2018, at $3.63 per share.