Invacare Corporation Fraud Lawsuit: Losses?



Our law firm wants to speak to investors who lost money in Invacare stock.

Invacare and FDA Action

Invacare is alleged to have deceived investors about an FDA warning letter that called into question Invacare’s compliance with the FDA’s Quality System Regulation.  The FDA had problems with Invacare’s ability to maintain adequate procedures to analyze processes, operations & document complaints. 

Invacare publicly stated that it “intended to address all of the FDA’s concerns."

On December 8, 2011, Invacare announced the FDA required it to suspend operations at Invacare’s corporate and manufacturing facilities in Elyria, Ohio.  The FDA decree and injunction relate FDA inspections at the Elyria facilities. 

The FDA proposed consent decree and injunction sent Invacare’s stock down 28% causing losses to investors. Invacare may have violated securities laws in its disclosures, investors may have claims for losses.

If you invested in Invacare during in 2011 please call Attorney Bill Kyros at 1-800-934-2921 to discuss your rights.

Kyros Law is a Boston-based law firm with significant experience representing investors in shareholder lawsuits, class actions, shareholder derivative actions, and securities fraud class actions. For info about our law firm please our Kyros Law web site.