LOS ANGELES--(BUSINESS WIRE)--
The Law Offices of Todd M. Garber announces that a class action lawsuit has been filed in the United States District Court for the District of Minnesota on behalf of a class (the “Class”) comprising all purchasers of the securities of Uroplasty, Inc. (“Uroplasty” or the “Company”) (UPI) between July 26, 2012 and June 13, 2013, inclusive (the “Class Period”).
Uroplasty is a medical device company that engages in the development, manufacture and marketing of products for the treatment of voiding dysfunctions, including treatment of overactive bladder. The Complaint alleges that throughout the Class Period defendants issued false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects.
On June 14, 2013, the Company announced that it was delaying the filing of its annual report on Form 10-K for the year ended March 31, 2013, until the completion of a review of its internal control over financial reporting. According the Company, in connection with a review of employee expense reimbursements, the Company uncovered “issues related to the internal controls surrounding the employee expense reimbursement approval process,” in addition to “issues in internal control related to the recognition of orders and the payment of sales commissions at the end of fiscal quarters.”
If you are a member of the above-described Class, you may move the Court no later than August 30, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time, or you may retain counsel of your choice. If you have information or would like to learn more about these claims, or if you purchased Uroplasty stock prior to the Class Period and have any questions concerning this announcement or your rights or interests with respect to 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 email@example.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
- Company Legal & Law Matters
- United States District Court
Todd M. Garber, Attorney at Law