Levi & Korsinsky, LLP announces the commencement of a class action lawsuit in the USDC for the Northern District of Indiana on behalf of shareholders of Zimmer Biomet Holdings, Inc. (“Zimmer Biomet ” or the “Company”) (NYSE: ZBH) who purchased shares between September 7, 2016 and October 31, 2016.
The complaint alleges that during the Class Period Zimmer Biomet made materially false and or misleading statements and/or failed to disclose: 1) issues within the supply chain caused a decline in order fulfillment, particularly within the knee and hip portfolios; 2) as such, Zimmer Biomet would not realize its revenues and profit as expected and; 3) as a result of the above, the Company’s statements regarding its business, operations and prospects, were false and misleading and/or lacked a reasonable basis.
If you suffered a loss in Zimmer Biomet Holdings, Inc. you have until January 31, 2017 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.
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