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.
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