Robbins LLP Is Investigating the Officers and Directors of MiMedx Group, Inc. (MDXG) on Behalf of Shareholders
Robbins LLP is investigating whether certain officers and directors of MiMedx Group, Inc. (NASDAQCM: MDXG) breached their fiduciary duties to shareholders. MiMedx designs, manufactures, and markets products and tissue processing services in the United States.
MiMedx is the Focus of Multiple Federal Investigations
On September 4, 2013, various news outlets reported that on August 28, 2013, MiMedx had received a letter from the U.S. Food and Drug Administration citing that the company was not registered with the FDA to store and distribute its AmnioFix Injectable. On this news, MiMedx stock fell $2.21 per share, to close at $3.85 per share on September 4, 2013. More recently, on December 31, 2014, MiMedx announced that it received a subpoena from the Office of the Inspector General of the Department of Health and Human Services regarding an investigation into some of the company’s sales and marketing activities, causing the company’s stock to drop $1.79 per share, or 15%, to close at $9.74 on January 2, 2015.
MiMedx Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.