SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

CURRENT SHAREHOLDERS: Zamansky LLC Investigates Natus Medical Incorporated (BABY) for Potential Breaches of Fiduciary Duties
[February 07, 2019]

CURRENT SHAREHOLDERS: Zamansky LLC Investigates Natus Medical Incorporated (BABY) for Potential Breaches of Fiduciary Duties


Zamansky LLC announces that it is investigating Natus Medical Incorporated (NASDAQ: BABY) ("Natus" or the "Company") for potential breaches of fiduciary duties concerning its accounting practices, specifically with regard to its allegedly obsolete inventory. If you are a Natus shareholder and still hold your BABY shares, please contact our firm for further information.

As recently reported, Natus' accounting practices have been called into question by a third-party short seller. It has been suggested that "Natus' warranty/bad debt reserves and prepaid expenses accounts have all been depleted/manipulated over the last year to artificially increase EPS by $0.33 (or nearly 25% of earnings)." Furthermore, the third-party short seller has alleged that Natus' accounting practices, including its non-GAAP exclusions, raise similar concerns to another company that previously came under fire for its accounting practices: Logitech (News - Alert) International SA (NASDAQ: LOGI) (in 2011, Logitech was forced to restate its earnings, reduce guidance, and pay a fine i connection with a 70% drop in its share price).



According to Jake Zamansky, an investment fraud attorney, Natus' officers and directors owe the Company and its shareholders fiduciary duties. "Our initial review of Natus suggests that shareholders may have cause for concern as it relates to the Company's accounting and its treatment of inventory" Zamansky says. "We will continue to monitor this situation as it unfolds, and our law firm is investigating whether certain of Natus' officers and directors may have breached their duties to the Company."

What Natus Shareholders Can Do


If you are a current shareholder of Natus, please contact us to review or discuss your legal rights. You may, without obligation or cost to you, email jake@zamansky.com or call the law firm at (212) 742-1414.

About Zamansky LLC

Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.

To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy