MRO Magazine

INVESTOR ALERT: Investigation of ConforMIS, Inc. Announced by The Law Offices of Howard G. Smith


September 2, 2015
By Business Wire News

BENSALEM, Pa.

Law Offices of Howard G. Smith announces an investigation on behalf of investors of ConforMIS, Inc. (“ConforMIS” or the “Company”) (NASDAQ:CFMS). The investigation concerns whether the Company violated federal securities laws by issuing materially misleading information regarding its internal controls, manufacturing and compliance practices. Investors that have purchased ConforMIS securities are encouraged to contact Howard G. Smith, Esq. to discuss their legal rights.

On August 31, 2015, ConforMIS disclosed that the Company has started a voluntary recall of almost 1,000 instrument sets used with certain of its knee-replacement product systems in response to recent complaints of moisture. The Company further disclosed that it has temporarily suspended use of a ethylene oxide sterilization process believed to be tied to issue; and that it sees manufacturing “substantially reduced” in September and October 2015 as its investigation is completed. ConforMIS now expects a negative effect on sales, and sees 2015 revenues in the range of $64m-$66m, versus a previous revenue range of $72m-$74m. On this news shares of ConforMIS fell $3.78 to close on August 31, 2015 at $16.00, a one day decline of 19% on volume of over 2 million shares.

If you purchased ConforMIS securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, toll-free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com