CURRENT SHAREHOLDERS: Zamansky LLC Investigates Natus Medical Incorporated (BABY) for Potential Breaches of Fiduciary Duties
07 Février 2019 - 6:07PM
Business Wire
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
International SA (NASDAQ: LOGI) (in 2011, Logitech was forced to
restate its earnings, reduce guidance, and pay a fine in 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190207005658/en/
Zamansky LLC50 Broadway - 32nd FloorNew York, NY 10004Jake
Zamansky, 212-742-1414jake@zamansky.com
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