Repro Med Systems, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Repro Med Systems Inc. Common Stock
Date Filed:March 26th, 2021
Sector:Health Care
Industry:Medical/Dental Instruments
Class Start Date:August 4th, 2020
Class End Date:January 25th, 2021

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors that: (1) starting in January 2020, KORU ramped up the use of allowances, including growth rebates, to retain key customers and to incentivize growth; (2) as the rebates accrued, the Company’s net sales were reasonably likely to decline; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

James Humenik, Jr., et al. v. Repro Med Systems, Inc., et al.

Date Filed:March 26th, 2021
Class Period Start:August 4th, 2020
Class Period End:January 25th, 2021
First Identified Complaint Filings
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