Block & Leviton LLP Investigates MiMedx Group, Inc. (MDXG) Following Revelation Of SEC Investigation

BOSTON, Sept. 22, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether MiMedx Group, Inc. ("MiMedx" or the "Company") (NASDAQ: MDXG) and certain of its officers and directors violated federal securities laws following claims that the Company is engaged in a fraudulent accounting scheme and is under investigation by the SEC.

On September 20, 2017, two prominent market research groups—Aurelius Value and Viceroy Research—published reports alleging, among other things, that the Company may be engaged in a scheme involving undisclosed third-party transactions and entanglements with distributors to improperly account for revenue and that the Company may be under investigation by the SEC.  

On this news, the Company's stock fell more than 6%, causing tens of millions in losses to investors.

The next day, on September 21, 2017, MiMedx issued a press release entitled "MiMedx provides Information on its Interaction with the SEC," disclosing, among other things that the Company had indeed "received a subpoena from the SEC."

If you purchased or otherwise acquired MiMedx securities and have questions about your legal rights or possess information relevant to this investigation, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at [email protected], or by visiting www.blockesq.com/mdxg.  

Confidentiality to whistleblowers or others with information relevant to this investigation is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

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CONTACT:

Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
[email protected]

SOURCE Block & Leviton LLP

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