Girard Sharp LLP is investigating potential claims on behalf of SeaSpine Holdings Corporation stockholders who received shares of Orthofix Medical Inc. through the 2023 merger.
If you are a former SeaSpine stockholder who received Orthofix stock in the 2023 merger, please fill out our form or call (866) 981-4800 for a free consultation.
Orthofix Stock Drops 30% After SeaSpine Merger
On September 13, 2023, Orthofix announced major leadership changes following its merger with SeaSpine in early 2023. In a press release, the company stated that it was “terminat[ing] for cause” its Chief Executive Officer, Chief Financial Officer and Chief Legal Officer. Orthofix explained that “[t]he Board’s decision follows an investigation conducted by independent outside legal counsel and directed and overseen by the Company’s independent directors. As a result of the investigation, the Board determined that each of these executives engaged in repeated inappropriate and offensive conduct that violated multiple code of conduct requirements and was inconsistent with the Company’s values and culture.” After this announcement, Orthofix’s stock price fell over 30%.
If you are a former SeaSpine stockholder who received Orthofix stock in the 2023 merger, fill out the form above to speak to a Girard Sharp attorney about your rights.
Our Commitment to Excellence
Girard Sharp has earned top-tier rankings from U.S. News and World Report for Securities and Class Action Litigation and has been repeatedly selected as an Elite Trial Lawyers finalist by the National Law Journal. Girard Sharp represents investors, consumers, and institutions in class actions and other complex litigation nationwide. We serve on the Plaintiffs’ executive committee in the recent spoofing litigation against JPMorgan Chase that settled for $60 million, a favorable resolution that the district court preliminarily approved in December 2021. Our attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country’s largest corporations, including Raymond James, John Hancock, and Sears.