Levi & Korsinsky, LLP announces that a KRMD class action lawsuit has been filed on behalf of investors who purchased Repro Med Systems, Inc. (KRMD) securities between August 4, 2020 and January 25, 2021 For more on the KRMD Lawsuit please contact us today.
According to the Repro Med Systems lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose 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.
If you suffered a loss in Repro Med Systems, you have until May 25, 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171