TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

NuVasive, Inc. (NASDAQ:NUVA) Investor Investigation Over Possible Violations Of Securities Laws

  • If you purchased shares of NuVasive, Inc. (NASDAQ:NUVA), you have certain options and you should contact the Shareholders Foundation, Inc.

  • 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

Company
NuVasive, Inc.
Security
NASDAQ: NUVA

Summary

Oct. 05, 2012 (Shareholders Foundation) -- An investigation on behalf of investors of NuVasive, Inc. (NASDAQ:NUVA) shares over potential securities laws violations by NuVasive, Inc. 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 NuVasive, Inc. (NASDAQ:NUVA) concerning whether a series of statements by NuVasive, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

NuVasive, Inc. (NASDAQ:NUVA) reported that its annual Revenue increased from $250.08 million in 2008 to $540.51 million in 2011.
However, its Net Income fell from $78.28 million in 2010 to a Net Loss of $69.85 million in 2011.

For the first two quarters in 2012 NuVasive, Inc. (NASDAQ:NUVA) reported and increase in its REvneue and Net Income. For the first quarter NuVasive, Inc. (NASDAQ:NUVA) reported a quarterly Revenue of $151.69 million with a quarterly Net Income of $0.67 million, from a fourth quarter 2012 Revenue of $150.19 million with a fourth quarter 2012 Net Loss of $10.04 million. For the second quarter NuVasive, Inc. (NASDAQ:NUVA) reported that its quarterly Revenue rose from $151.69 million to $154.42 million and its quarterly Net Income increased from $0.67 million to $2.86 million.
Shares of NuVasive, Inc. (NASDAQ:NUVA) grew from $11.36 per share in January 2012 to as high as $25.76 per share in July 2012.

Then on October 3, 2012, after the market closed, NuVasive, Inc. (NASDAQ:NUVA) announced its preliminary unaudited information regarding expected revenue results for the third quarter 2012. NuVasive, Inc. (NASDAQ:NUVA) said it anticipates revenue for the third quarter 2012 to be approximately $147 million, which is below its previous comments that suggested flat sequential revenue growth compared to $154.4 million in the second quarter 2012.

Shares of NuVasive, Inc. (NASDAQ:NUVA) dropped from $22.62 per share on October 3, 2012 to as low as $14.27 per share on October 5, 2012.

Start Monitoring Your Investments