ReWalk Robotics Ltd.
Class Period: Sep 12, 2014 to Jan 24, 2017
Lead Plaintiff Deadline: Mar 27, 2017
Summary of Case:
A securities class action has been filed against ReWalk Robotics Ltd. (RWLK) on behalf of shareholders who purchased shares of ReWalk Robotics Ltd. (RWLK) ("ReWalk" or the "Company") in connection with ReWalk's initial public offering conducted on or about September 12, 2014 (the "IPO"). This case has been filed in the USDC - CA (Northern).
The Complaint alleges that defendants caused ReWalk to issue its Registration Statement and Prospectus in connection with the IPO that contained materially misleading statements and/or omitted material information in violation of Sections 11, 12 and 15 of the Securities Act of 1933. The Complaint alleges that the Registration Statement and Prospectus failed to disclose that ReWalk was unprepared and/or unable to comply with applicable "special controls" requirements or to provide the FDA with a postmarket surveillance study as required by the FDA for the Company to maintain ongoing sales of its products. The Complaint also names as defendants certain of the Company's officers and directors, the underwriters of the IPO and certain venture capital firms with significant holdings in the Company for violations of Sections 12 and 15 of the Securities Act of 1933.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.