Investigation Overview
October 20, 2015 (Shareholders Foundation) - An investigation on behalf of investors of LDR Holding Corp (NASDAQ:LDRH) shares over potential securities laws violations by LDR Holding and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of LDR Holding Corp (NASDAQ:LDRH) concerning whether a series of statements by LDR Holding regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
LDR Holding Corp reported that its annual Total Revenue rose from $111.59 million in 2013 to $141.25 million in 2014 and that its Net Loss declined from $27.93 million in 2013 to $10.98 million in 2014. Shares of LDR Holding Corp (NASDAQ:LDRH) grew from $1.84 per share in July 2014 to as high as $45.46 per share in July 2015.
On October 8, 2015, LDR Holding Corp announced its preliminary revenue results for its third quarter 2015. LDR Holding Corp also issued its 2015 guidance.
Shares of LDR Holding Corp (NASDAQ:LDRH) declined to as low as $23.15 per share on October 20, 2015.