
Inari Medical, Inc. (NARI)
Whether directors and officers of Inari Medical, Inc. (NARI) breached their fiduciary duties to the company and its shareholders.
Investigation
12/17/2021
Initial Lawsuit
12/17/2021
Lawsuit Progression
02/15/2022
Investigation following Redwire’s disclosures of an employee’s notification of potential accounting issues at a business subunit.
11/10/2021
Redwire postpones the release of its Q3 2021 after being notified by an employee of potential accounting issues with a business subunit:
“Management promptly informed the independent Audit Committee of the Board of Directors. The Audit Committee has commenced an independent investigation.“
Stock Impact
Close | Previous close | Price variation | Percentage variation |
---|---|---|---|
$9.99 | $11.91 | $-1.92 | -16.12% |
This is a class action on behalf of persons and entities that purchased or otherwise acquired Redwire securities between August 11, 2021 and November 14, 2021, inclusive.
According to the complaint, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants allegedly failed to disclose to investors:
(1) that there were accounting issues at one of Redwire’s subunits;
(2) that, as a result, there were additional material weaknesses in Redwire’s internal control over financial reporting; and
(3) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The lead plaintiff deadline has passed, we will update this page as the lawsuit progresses.
Last event retrieved on 09/26/2022.
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