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MiMedx Group Inc
According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose that: (1) MiMedx was engaged in a “channel-stuffing” scheme designed to inappropriately recognize revenue that had not yet been realized; (2) MiMedx lacked adequate internal controls over financial reporting; and (3) as a result, MiMedx’s publicly disseminated financial statements were materially false and misleading. When the truth was revealed to the investing public, shares dropped, causing shareholders harm.
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