|[January 31, 2017]
The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Natus Medical Incorporated Investors and Encourages Investors to Contact the Firm
Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors who purchased Natus Medical
Incorporated ("Natus" or the "Company") (NASDAQ: BABY)
securities between October 16, 2015 and April 3, 2016, inclusive
(the "Class Period"). Natus investors have until March 31, 2017 to
file a lead plaintiff motion.
Investors suffering losses on their Natus investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
According to the complaint filed in this lawsuit, throughou the Class
Period Defendants made materially false and/or misleading statements, as
well as failed to disclose material adverse facts about Natus' business,
operations, and prospects, including that: (1) the Venezuelan government
failed to make tens of millions of dollars in prepayments to Natus,
which were required to have been paid beginning in October 2015; (2)
Natus had no means to effectively enforce its rights under its supply
contract, as Venezuela was the exclusive forum for dispute resolution;
(3) Natus' receipt of revenues pursuant to the supply contract was
contingent on the outcome of Venezuelan elections; and (4) as a result,
Natus was not on track to achieve the increased guidance provided by
Defendants, which lacked a reasonable basis. When the true details
entered the market, the lawsuit claims that investors suffered damages.
If you purchased shares of Natus during the Class Period you may move
the Court no later than March 31, 2017 to ask the Court to
appoint you as lead plaintiff if you meet certain legal requirements. To
be a member of the Class you need not take any action at this time; you
may retain counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to email@example.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170131006114/en/
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