{"id":725776,"date":"2023-01-25T10:05:24","date_gmt":"2023-01-25T15:05:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-notifies-bioventus-inc-nasdaq-bvs-investors-of-securities-class-action-lawsuit-and-upcoming-lead-plaintiff-deadline\/"},"modified":"2023-01-25T10:05:24","modified_gmt":"2023-01-25T15:05:24","slug":"lowey-dannenberg-notifies-bioventus-inc-nasdaq-bvs-investors-of-securities-class-action-lawsuit-and-upcoming-lead-plaintiff-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-notifies-bioventus-inc-nasdaq-bvs-investors-of-securities-class-action-lawsuit-and-upcoming-lead-plaintiff-deadline\/","title":{"rendered":"Lowey Dannenberg Notifies Bioventus Inc. (NASDAQ: BVS) Investors of Securities Class Action Lawsuit and Upcoming Lead Plaintiff Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Jan.  25, 2023  (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Bioventus Inc. (\u201cBioventus\u201d or the \u201cCompany\u201d) for violations of the federal securities laws on behalf of investors who purchased or otherwise acquired: (a) Bioventus Class A common stock pursuant and\/or traceable to the Offering Documents issued in connection with the Company\u2019s initial public offering conducted on or about February 11, 2021 (the \u201cIPO\u201d or \u201cOffering\u201d); and\/or (b) Bioventus securities between February 11, 2021 and November 21, 2022, both dates inclusive (the \u201cClass Period\u201d).<\/p>\n<p>On January 12, 2023, a complaint was filed against Bioventus and certain of its officers, alleging that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operations, and compliance policies. Specifically, the Offering Documents and Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Bioventus suffered from significant liquidity issues; (ii) the Company\u2019s rebate practices were unsustainable; (iii) accordingly, Defendants overstated the Company\u2019s business and financial prospects; (iv) Bioventus maintained deficient disclosure controls and procedures and internal control over financial reporting with respect to the timely recognition of quarterly rebates; (v) all the foregoing increased the risk that the Company would be forced to recognize a significant non-cash impairment charge, could not timely file one or more of its financial reports, would have to amend one or more of its financial statements, and could not meet its financial obligations as they came due; and (vi) as a result, the Offering Documents and Defendants\u2019 public statements throughout the Class Period were materially false and\/or misleading and failed to state information required to be stated therein.<\/p>\n<p>When investors learned the truth, Bioventus\u2019 common stock declined precipitously, injuring investors.<\/p>\n<p>If you suffered a loss in Bioventus\u2019 securities, and wish to participate, or learn more, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nhvE9bmcySlI_RlyNLDeCt8CDVJlL0DT3C-llOkNWkH3_C0tZ2k4QGR3-QArfZ70yqflCVtXTmH0EYMwApBc_87YuGc6i-WbFGu4A2FSFnc=\" rel=\"nofollow noopener\" target=\"_blank\">click here<\/a>, or please contact our attorneys at (914) 733-7234 or via email at investigations@lowey.com.<\/p>\n<p>Any investor who wishes to serve as Lead Plaintiff must act before March 13, 2023.<\/p>\n<p>\n        <strong>About Lowey Dannenberg<\/strong><br \/>\n        <br \/>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 recovered billions of dollars on behalf of its clients.<\/p>\n<p>\n        <strong>Contact<\/strong>:<br \/>Lowey Dannenberg P.C.<br \/>44 South Broadway, Suite 1100<br \/>White Plains, NY 10601<br \/>Tel: (914) 733-7234<br \/>Email: investigations@lowey.com<\/p>\n<p>\n        <strong>SOURCE<\/strong>: Lowey Dannenberg P.C.<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjU0NyM1Mzc0Mzk5IzIxOTQ1MzQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDMzYmFiNTEtZTc5NS00ZWQ1LWE3NTMtMDc1NTVmMWY4YWJlLTEyMDYwODc=\/tiny\/Lowey-Dannenberg-P-C-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Bioventus Inc. (\u201cBioventus\u201d or the \u201cCompany\u201d) for violations of the federal securities laws on behalf of investors who purchased or otherwise acquired: (a) Bioventus Class A common stock pursuant and\/or traceable to the Offering Documents issued in connection with the Company\u2019s initial public offering conducted on or about February 11, 2021 (the \u201cIPO\u201d or \u201cOffering\u201d); and\/or (b) Bioventus securities between February 11, 2021 and November 21, 2022, both dates inclusive (the \u201cClass Period\u201d). On January 12, 2023, a complaint was filed against Bioventus and certain of its officers, alleging &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-notifies-bioventus-inc-nasdaq-bvs-investors-of-securities-class-action-lawsuit-and-upcoming-lead-plaintiff-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lowey Dannenberg Notifies Bioventus Inc. (NASDAQ: BVS) Investors of Securities Class Action Lawsuit and Upcoming Lead Plaintiff Deadline&#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-725776","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lowey Dannenberg Notifies Bioventus Inc. (NASDAQ: BVS) Investors of Securities Class Action Lawsuit and Upcoming Lead Plaintiff Deadline - 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\/lowey-dannenberg-notifies-bioventus-inc-nasdaq-bvs-investors-of-securities-class-action-lawsuit-and-upcoming-lead-plaintiff-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lowey Dannenberg Notifies Bioventus Inc. (NASDAQ: BVS) Investors of Securities Class Action Lawsuit and Upcoming Lead Plaintiff Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Bioventus Inc. (\u201cBioventus\u201d or the \u201cCompany\u201d) for violations of the federal securities laws on behalf of investors who purchased or otherwise acquired: (a) Bioventus Class A common stock pursuant and\/or traceable to the Offering Documents issued in connection with the Company\u2019s initial public offering conducted on or about February 11, 2021 (the \u201cIPO\u201d or \u201cOffering\u201d); and\/or (b) Bioventus securities between February 11, 2021 and November 21, 2022, both dates inclusive (the \u201cClass Period\u201d). On January 12, 2023, a complaint was filed against Bioventus and certain of its officers, alleging &hellip; Continue reading &quot;Lowey Dannenberg Notifies Bioventus Inc. 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