Law firms file class action lawsuits against Invacare

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Wednesday, June 5, 2013

ELYRIA, Ohio – Two law firms have filed class action lawsuits against Invacare on behalf of investors who bought stock between July 22, 2010, and Dec. 7, 2011, according to press releases. The lawsuits accuse Invacare of issuing false and misleading statements during that time regarding its operations and compliance with U.S. Food and Drug Administration (FDA) guidelines and Current Good Manufacturing Practices (CGMP) provisions. They allege that Invacare “misrepresented or failed to disclose widespread operational, quality, and regulatory deficiencies” at the company’s corporate headquarters and Taylor Street wheelchair manufacturing facility in Elyria, Ohio. Glancy, Binkow & Goldberg in Los Angeles and Bernstein Liebhard in New York encourage investors who incurred losses of $100,000 or more to contact the firms.