WILL THIS “FIX” ORTHOFIX? (Orthopedics This Week)
On July 29, 2013, Orthofix International N.V. announced it was postponing the release of its financial results for the second quarter.
The announcement stated the Audit Committee of the company’s Board of Directors needed more time to review “matters relating to revenue recognition for prior periods.” The Audit Committee could not predict the length of time or outcome of the review.
“Challenging Circumstances”
The company has experienced significant events over the last couple of years. Company’s President and CEO, (and former CFO) Bob Vaters r...
