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If you purchased shares of MiMedx Group Inc (NASDAQ:MDXG) and currently hold any of those NASDAQ:MDXG shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
September 22, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who purchased shares of MiMedx Group Inc (NASDAQ:MDXG), was announced over potential breaches of fiduciary duties by certain officers and directors at MiMedx Group.
The investigation by a law firm concerns whether certain MiMedx Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On September 4, 2013, MiMedx Group Inc confirmed that it is in receipt of an 'Untitled Letter' from the Food and Drug Administration ('FDA') in connection with MiMNedx Group Incs Amnion / Chorion Injectable products' eligibility for marketing solely under Section 361 of the Public Health Service Act.
MiMedx Group Inc reported that its annual Total Revenue rose from $0.79 million in 2010 to $59.18 million in 2013 and that its respective Net Loss declined from $11.42 million to $4.11 million. Shares of MiMedx Group Inc (NASDAQ:MDXG) grew from $0.78 per share in early 2010 to as high as $8.74 per share in late 2013.
On September 19, 2014, NASDAQ:MDXG shares closed at $7.29 per share.
