NEW YORK, NY / ACCESSWIRE / October 13, 2016 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Misonix, Inc. ("Misonix" or the "Company") (NASDAQ: MSON) and certain of its officers. The class action is on behalf of a class consisting of all persons or entities who purchased Misonix securities between November 5, 2015 through September 14, 2016, both dates inclusive (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
On September 14, 2016, Misonix revealed that it will delay its Annual Report filing on Form 10-K for the fiscal year ended June 30, 2016 due to the pending investigation by Misonix's Audit Committee in connection to its defects in internal control over financial reporting at June 30, 2016. Following this news, Misonix stock dropped during intraday trading on September 15, 2016.
According to the Complaint, Defendants made false and/or misleading statements and/or failed to disclose that: (1) insufficiencies existed in Misonix's internal controls over financial reporting; and (2) consequently, Defendants' statements about Misonix's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/mson or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Misonix you have until November 18, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
ReleaseID: 445674
