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ReWalk Robotics Ltd.

Case Summary

ReWalk Robotics Ltd. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 06/18/2019 (Other)

Filing Date: January 31, 2017

According to the law firm press release, the complaint alleges that the Registration Statement and Prospectus issued in connection with the Initial Public Offering failed to disclose material information, including that ReWalk was unprepared and/or unable to comply with “special controls” requirements or to provide the U.S. Food and Drug Administration with a postmarket surveillance study as required by the FDA for the Company to maintain ongoing sales of its products.

A consolidated and amended complaint was filed on August 9, 2017. Defendants filed a Motion to Dismiss the amended Complaint on November 10. On January 23, 2018, the Court issued an Order denying the Motion to Dismiss for insufficient service of process. On August 23, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss for failure to state a claim. The Dismissal Order dismissed the Securities Act claims. On May 16, 2019, the Court issued an Order dismissing the Exchange Act claims and closing the case. Lead Plaintiff filed a Notice appealing the Court's Dismissal Order on June 14.

Company & Securities Information

Defendant: ReWalk Robotics Ltd.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: Israel

SECURITIES INFORMATION:

Ticker Symbol: RWLK
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Qian Deng, et al. v. ReWalk Robotics Ltd., et al.

COURT: D. Massachusetts
DOCKET #: 17-CV-10169
JUDGE: Hon. F. Dennis Saylor, IV
DATE FILED: 01/31/2017
CLASS PERIOD START: 09/12/2014
CLASS PERIOD END: 01/31/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Block & Leviton LLP
  2. Gardy & Notis, LLP
  3. Holzer & Holzer, LLC
  4. Levi & Korsinsky (Stamford)
  5. Sarraf Gentile LLP
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 01/31/2017
2 Order Appointing Lead Plaintiff and Approving Selection of Lead Counsel 06/09/2017

Reference Complaint

Wang Yan, et al. v. ReWalk Robotics Ltd., et al.

COURT: D. Massachusetts
DOCKET #: 17-CV-10169
JUDGE: Hon. F. Dennis Saylor, IV
DATE FILED: 08/09/2017
CLASS PERIOD START: 09/12/2014
CLASS PERIOD END: 02/29/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
  2. Shapiro Haber & Urmy LLP (Boston)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Consolidated Amended Complaint for Violation of the Federal Securities Laws 08/09/2017
2 Memorandum And Order on Defendants' Motion to Dismiss for Insufficient Service of Process 02/23/2018
3 Memorandum and Order on Defendants' Motion to Dismiss for Failure to State a Claim 08/23/2018
4 Memorandum and Order on Lead Plaintiff's Request to Add Joanne Geller as Named Plaintiff 05/16/2019
5 Order of Dismissal 05/16/2019
6 Notice of Appeal 06/14/2019
7 U.S. District Court Civil Docket 06/18/2019

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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