Law Offices of Todd M. Garber Announces Investigation of Invacare Corporation

Wed Jun 12, 2013 6:32pm EDT

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Law Offices of Todd M. Garber Announces Investigation of Invacare Corporation

The Law Offices of Todd M. Garber announces that it is investigating potential claims against Invacare Corporation (“Invacare” or the “Company”) (NYSE:IVC) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Invacare between July 22, 2010 and December 7, 2011 regarding the Company’s compliance with U.S. Food and Drug Administration (FDA) guidelines and Current Good Manufacturing Practices (CGMP).

Invacare designs, manufactures and distributes medical equipment and supplies worldwide. The investigation concerns allegations that the Company misrepresented or failed to disclose widespread operational, quality and regulatory deficiencies at the Company’s corporate facility and its wheelchair manufacturing facility in Elyria, Ohio.

On December 8, 2011 Invacare issued a press release announcing that the FDA intended to enter a consent decree that would require the suspension of certain operations until the Company’s manufacturing facilities became compliant with FDA regulations. Following the disclosure of Invacare’s quality and regulatory deficiencies, the Company's stock price dropped nearly 29 percent -- from $20.58 per share on December 7, 2011 to a closing price of $14.70 per share on December 8, 2011.

If you purchased Invacare shares during the foregoing period, if you have information or would like to learn more about these claims, or if you purchased Invacare stock prior to July 22, 2010 and wish to discuss these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com.

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

Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
213-700-7262
info@toddgarberlaw.com

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