{"id":474234,"date":"2021-04-09T09:03:36","date_gmt":"2021-04-09T13:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474234"},"modified":"2021-04-09T09:03:36","modified_gmt":"2021-04-09T13:03:36","slug":"repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\/","title":{"rendered":"REPRO MED SYSTEMS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Repro Med Systems, Inc. d\/b\/a KORU Medical Systems"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">LEAD PLAINTIFF DEADLINE IS MAY 25, 2021<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">April 9, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-1&amp;h=3122293244&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Frepro-med-systems-inc-d-b-a-koru-medical-systems&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/a>\u00a0announces that a federal securities class action lawsuit has been filed in <span class=\"xn-location\">the United States<\/span> District Court for the Southern District of <span class=\"xn-location\">New York<\/span> on behalf of persons and entities that purchased or otherwise acquired Repro Med Systems, Inc. d\/b\/a KORU Medical Systems (&#8220;KORU&#8221; or the &#8220;Company&#8221;) (NASDAQ:\u00a0KRMD) securities between\u00a0August 4, 2020 and <span class=\"xn-chron\">January 25, 2021<\/span>, inclusive (the &#8220;Class Period&#8221;). <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg\" title=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" alt=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>All <\/b><br \/>\n        <b>investors\u00a0who purchased shares of <\/b><br \/>\n        <b>Repro Med Systems, Inc. d\/b\/a KORU Medical Systems<\/b><br \/>\n        <b>and\u00a0incurred losses are urged to contact the firm immediately at <\/b><br \/>\n        <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a><br \/>\n        <b>\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-1&amp;h=3814138531&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Frepro-med-systems-inc-d-b-a-koru-medical-systems&amp;a=join+the+case\" rel=\"nofollow noopener noreferrer\">join the case<\/a><br \/>\n        <b>\u00a0on our website, <\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-1&amp;h=2296832711&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Frepro-med-systems-inc-d-b-a-koru-medical-systems&amp;a=www.whafh.com.\" rel=\"nofollow noopener noreferrer\">www.whafh.com<b>.<\/b><\/a>\n      <\/p>\n<p>If you have incurred losses in the shares of Repro Med Systems, Inc. d\/b\/a KORU Medical Systems<b> you<\/b><b>\u00a0<\/b><b>may,<\/b><b>no later than <span class=\"xn-chron\">May 25, 2021<\/span><\/b><b>, <\/b>request that the Court appoint you lead plaintiff of the proposed class. Please contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of Repro Med Systems, Inc. d\/b\/a KORU Medical Systems.<\/p>\n<p class=\"prntac\">\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-1&amp;h=2453803565&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Frepro-med-systems-inc-d-b-a-koru-medical-systems&amp;a=CLICK+HERE+TO+JOIN+CASE\" rel=\"nofollow noopener noreferrer\">CLICK HERE TO JOIN CASE<\/a>\n      <\/p>\n<p>On <span class=\"xn-chron\">November 3, 2020<\/span>, after the market closed, KORU announced its third quarter 2020 financial results, reporting that net sales declined sequentially to <span class=\"xn-money\">$6.1 million<\/span>. During the conference call the next day, the Company attributed the lower sales to, among other things, <i>&#8220;higher allowances for gross rebates for certain customers&#8221; <\/i>and<i> &#8220;payment discounts and distribution fees.&#8221;<\/i><\/p>\n<p>On this news, the Company&#8217;s stock price fell <span class=\"xn-money\">$1.97<\/span>, or 32%, to close at <span class=\"xn-money\">$4.16<\/span> per share on <span class=\"xn-chron\">November 4, 2020<\/span>, on unusually heavy trading volume.<\/p>\n<p>Then, on <span class=\"xn-chron\">January 25, 2021<\/span>, after the market closed, KORU announced its preliminary financial results for fiscal 2020, expecting revenue of approximately <span class=\"xn-money\">$24.0 million<\/span>, an increase of 3.4% over the prior year. The Company attributed the results to, among other things, <i>&#8220;[s]lower growth in net revenue as a result of strengthening our contractual position with large customers.&#8221;<\/i> In the press release, KORU also announced that its CEO, <span class=\"xn-person\">Donald Pettigrew<\/span>, resigned, effective immediately.<\/p>\n<p>On this news, KORU&#8217;s stock price fell <span class=\"xn-money\">$0.80<\/span>, or 15.5%, to close at <span class=\"xn-money\">$4.33<\/span> per share on <span class=\"xn-chron\">January 26, 2021<\/span>, on unusually heavy trading volume.<\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-1&amp;h=2059959571&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Frepro-med-systems-inc-d-b-a-koru-medical-systems&amp;a=Wolf+Haldenstein\" rel=\"nofollow noopener noreferrer\"><br \/>\n          <span class=\"xn-person\">Wolf Haldenstein<\/span><br \/>\n        <\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">Chicago<\/span> and <span class=\"xn-location\">San Diego<\/span>. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n<p>If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123597-1&amp;h=3315473467&amp;u=https%3A%2F%2Fwww.whafh.com%2Farchives%2Fcase%2Frepro-med-systems-inc-d-b-a-koru-medical-systems&amp;a=www.whafh.com\" rel=\"nofollow noopener noreferrer\">www.whafh.com<\/a>.<\/p>\n<p>Contact:<br \/><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<br \/><span class=\"xn-person\">Kevin Cooper, Esq.<\/span><br \/><span class=\"xn-person\">Gregory Stone<\/span>, Director of Case and Financial Analysis<br \/>Email: <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\">gstone@whafh.com<\/a><br \/><a href=\"mailto:kcooper@whafh.com\" rel=\"nofollow\">kcooper@whafh.com<\/a> or <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a>\u00a0<br \/>Tel: (800) 575-0735 or (212) 545-4774<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY37014&amp;sd=2021-04-09\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-district-of-new-yo-301265642.html\">http:\/\/www.prnewswire.com\/news-releases\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman&#8211;herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-district-of-new-yo-301265642.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY37014&amp;Transmission_Id=202104090900PR_NEWS_USPR_____NY37014&amp;DateId=20210409\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEAD PLAINTIFF DEADLINE IS MAY 25, 2021 PR Newswire NEW YORK, April 9, 2021 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of persons and entities that purchased or otherwise acquired Repro Med Systems, Inc. d\/b\/a KORU Medical Systems (&#8220;KORU&#8221; or the &#8220;Company&#8221;) (NASDAQ:\u00a0KRMD) securities between\u00a0August 4, 2020 and January 25, 2021, inclusive (the &#8220;Class Period&#8221;). All investors\u00a0who purchased shares of Repro Med Systems, Inc. d\/b\/a KORU Medical Systems and\u00a0incurred losses are urged to contact the firm immediately at classmember@whafh.com \u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;REPRO MED SYSTEMS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Repro Med Systems, Inc. d\/b\/a KORU Medical Systems&#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-474234","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>REPRO MED SYSTEMS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Repro Med Systems, Inc. d\/b\/a KORU Medical Systems - 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\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REPRO MED SYSTEMS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Repro Med Systems, Inc. d\/b\/a KORU Medical Systems - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LEAD PLAINTIFF DEADLINE IS MAY 25, 2021 PR Newswire NEW YORK, April 9, 2021 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of persons and entities that purchased or otherwise acquired Repro Med Systems, Inc. d\/b\/a KORU Medical Systems (&#8220;KORU&#8221; or the &#8220;Company&#8221;) (NASDAQ:\u00a0KRMD) securities between\u00a0August 4, 2020 and January 25, 2021, inclusive (the &#8220;Class Period&#8221;). All investors\u00a0who purchased shares of Repro Med Systems, Inc. d\/b\/a KORU Medical Systems and\u00a0incurred losses are urged to contact the firm immediately at classmember@whafh.com \u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or &hellip; Continue reading &quot;REPRO MED SYSTEMS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Repro Med Systems, Inc. d\/b\/a KORU Medical Systems&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-09T13:03:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"REPRO MED SYSTEMS, INC. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Repro Med Systems, Inc. d\/b\/a KORU Medical Systems - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\/","og_locale":"en_US","og_type":"article","og_title":"REPRO MED SYSTEMS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Repro Med Systems, Inc. d\/b\/a KORU Medical Systems - Market Newsdesk","og_description":"LEAD PLAINTIFF DEADLINE IS MAY 25, 2021 PR Newswire NEW YORK, April 9, 2021 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of persons and entities that purchased or otherwise acquired Repro Med Systems, Inc. d\/b\/a KORU Medical Systems (&#8220;KORU&#8221; or the &#8220;Company&#8221;) (NASDAQ:\u00a0KRMD) securities between\u00a0August 4, 2020 and January 25, 2021, inclusive (the &#8220;Class Period&#8221;). All investors\u00a0who purchased shares of Repro Med Systems, Inc. d\/b\/a KORU Medical Systems and\u00a0incurred losses are urged to contact the firm immediately at classmember@whafh.com \u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or &hellip; Continue reading \"REPRO MED SYSTEMS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Repro Med Systems, Inc. d\/b\/a KORU Medical Systems\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-09T13:03:36+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/repro-med-systems-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-f-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"REPRO MED SYSTEMS, INC. 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