MIMEDX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn
Swick & Foti, LLC Investigates MiMedx Group, Inc. Following Disclosure of
FDA Letter Accusing MiMedx of Legal Violations
NEW ORLEANS -- November 14, 2013
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. a partner at
the law firm of Kahn Swick & Foti, LLC (“KSF”) announces that KSF has
commenced an investigation into MiMedx Group, Inc. (Nasdaq: MDXG).
On September 4, 2013, the Food and Drug Administration (“FDA”) posted on its
website an “Untitled Letter” it sent to MiMedx on August 28, which stated that
MiMedx's Surgical Biologics unit violated the Public Health Service Act by
unlawfully manufacturing and marketing drugs that are also a biological
product without a valid biologics license.
On this news, MiMedx’s shares fell drastically, by over 36%, and multiple
securities class action lawsuits were filed against MiMedx and certain of its
executives, alleging violations of federal securities laws.
KSF’s investigation is focusing on whether MiMedx’s officers and/or directors
breached their fiduciary duties to MiMedx’s shareholders or otherwise violated
state or federal laws.
If you have information that would assist KSF in its investigation, or would
like to discuss your legal rights, you may, without obligation or cost to you,
e-mail or call KSF Managing Partner Lewis Kahn (email@example.com) or
KSF Partner Melinda Nicholson (firstname.lastname@example.org) toll free at
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities class action and shareholder
derivative litigation with offices in New York and Louisiana. KSF's lawyers
have significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 1-877-515-1850
Melinda Nicholson, Partner, 1-877-515-1850
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