{"id":411411,"date":"2021-01-08T17:28:42","date_gmt":"2021-01-08T22:28:42","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411411"},"modified":"2021-01-08T17:28:42","modified_gmt":"2021-01-08T22:28:42","slug":"shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-orthopediatrics-corp-kids-and-encourages-investors-to-contact-the-firm-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-orthopediatrics-corp-kids-and-encourages-investors-to-contact-the-firm-5\/","title":{"rendered":"SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of OrthoPediatrics Corp. (KIDS) and Encourages Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Jan.  08, 2021  (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of OrthoPediatrics Corp. (\u201cOrthoPediatrics\u201d or the \u201cCompany\u201d) (NASDAQ: KIDS).<\/p>\n<p>OrthoPediatrics operates as a medical device company. The Company designs, develops, and commercializes orthopaedic implants and instruments to improve the lives of children with orthopaedic conditions.<\/p>\n<p>On December 2, 2020, Culper Research (\u201cCulper\u201d) published a report entitled \u201cOrthoPediatrics Corp. (KIDS): Even Channel Stuffing Can&#8217;t Save This Company.\u201d The Culper report described OrthoPediatrics as having \u201cengaged in a channel stuffing scheme that has systematically and significantly overstated revenues.\u201d Among other issues, the Culper report alleged that \u201cthe Company has abused its ability to book revenues upon shipment by selling and shipping excess product directly to its distributors, many of whom are exclusive to the Company\u201d and described it as \u201cconcerning that many of the Company\u2019s \u2018exclusive distributors\u2019 are simply former OrthoPediatrics employees who have formed their own distributorships, often while still employed at the Company.\u201d<\/p>\n<p>On this news, OrthoPediatrics\u2019 stock price fell from $44.75 per share, or over 12%, to close at $39.35 per share on December 3, 2020.<\/p>\n<p>On December 14, 2020, Culper published on a follow up report in which it concluded that OrthoPediatrics \u201cis a structurally broken business which has relied on nefarious tactics to inflate its reported revenues.\u201d<\/p>\n<p>On this news, OrthoPediatrics\u2019 stock price fell from $44.30 per share to $43.10, or 2.7%, during intraday trading on December 14, 2020.<\/p>\n<p>If you are a shareholder of OrthoPediatrics and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LFHmUA1V3px18hpqvYdmc7kkVeNdb1gzHW3ns22E4PtiisvXdVRbbR_JNfDt4IMMDrYILlI2HAvhUVO3L2CGGyIsdJjyWW2bS2_3MRupimI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@lowey.com<\/u><\/a>.<\/p>\n<p>\n        <strong>Whistleblowers: <\/strong>Persons with non-public information regarding OrthoPediatrics should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.<\/p>\n<p>\n        <strong>About Lowey Dannenberg<\/strong>\n      <\/p>\n<p>Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.<\/p>\n<p>\n        <strong>Contact<\/strong>\n      <\/p>\n<p>Lowey Dannenberg P.C.<br \/>44 South Broadway, Suite 1100\u00a0<br \/>White Plains, NY 10601<br \/>Tel: (914) 733-7256<br \/>Email:\u00a0<u>investigations@lowey.com<\/u><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzAzOSMzOTExMjUxIzIxOTQ1MzQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5748cac1-b35c-4d02-8664-3828b9c2bb4a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of OrthoPediatrics Corp. (\u201cOrthoPediatrics\u201d or the \u201cCompany\u201d) (NASDAQ: KIDS). OrthoPediatrics operates as a medical device company. The Company designs, develops, and commercializes orthopaedic implants and instruments to improve the lives of children with orthopaedic conditions. On December 2, 2020, Culper Research (\u201cCulper\u201d) published a report entitled \u201cOrthoPediatrics Corp. (KIDS): Even Channel Stuffing Can&#8217;t Save This Company.\u201d The Culper report described OrthoPediatrics as having \u201cengaged in a channel stuffing scheme that has systematically and significantly overstated revenues.\u201d Among other issues, the Culper report alleged that \u201cthe &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-orthopediatrics-corp-kids-and-encourages-investors-to-contact-the-firm-5\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of OrthoPediatrics Corp. (KIDS) and Encourages Investors to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411411","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of OrthoPediatrics Corp. (KIDS) and Encourages Investors to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-orthopediatrics-corp-kids-and-encourages-investors-to-contact-the-firm-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of OrthoPediatrics Corp. (KIDS) and Encourages Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of OrthoPediatrics Corp. (\u201cOrthoPediatrics\u201d or the \u201cCompany\u201d) (NASDAQ: KIDS). OrthoPediatrics operates as a medical device company. The Company designs, develops, and commercializes orthopaedic implants and instruments to improve the lives of children with orthopaedic conditions. On December 2, 2020, Culper Research (\u201cCulper\u201d) published a report entitled \u201cOrthoPediatrics Corp. (KIDS): Even Channel Stuffing Can&#8217;t Save This Company.\u201d The Culper report described OrthoPediatrics as having \u201cengaged in a channel stuffing scheme that has systematically and significantly overstated revenues.\u201d Among other issues, the Culper report alleged that \u201cthe &hellip; Continue reading &quot;SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of OrthoPediatrics Corp. 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