Investors sue South Miami medical device company (Miami Herald)
Investors have filed a federal lawsuit against an orthopedics implants company and its chief executive, charging that the firm violated securities laws while covering up disastrous finances.
Twenty-nine investors, many of them South Florida doctors, are suing Internal Fixation Systems, a company marketing orthopedic implants, alleging that the company’s leadership misled them and violated Securities and Exchange laws as IFS’ finances collapsed and the stock plummeted from $2.58 to a penny a share in less than a year.
The lawsuit i...
