According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that:
- Integer materially overstated its competitive position within the growing electrophysiology (“EP”) manufacturing market;
- despite Integer’s claims of strong visibility into customer demand, Integer was experiencing a sustained deterioration in sales relating to two of its EP devices;
- in turn, Integer mischaracterized its EP devices as a long-term growth driver for its cardio and vascular (“C&V”) segment;
- as a result of the above, defendants’ positive statements about Integer’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
