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ReWalk Robotics Ltd.

Case Summary

ReWalk Robotics Ltd. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 05/16/2019 (Court's order of dismissal)

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.

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
    155 Federal Street, Suite 1303, Block & Leviton LLP, MA 02110
    (617) 398-5600 (617) 507-6020 ·
  2. Gardy & Notis, LLP
    501 Fifth Avenue, Suite 1408, Gardy & Notis, LLP, NY 10017
    212-905-0509 212-905-0508 ·
  3. Holzer & Holzer, LLC
    1117 Perimeter Center West, Suite E-107, Holzer & Holzer, LLC, GA 30338
    770.392.0090 770.392-0029 · mfistel@holzerlaw.com
  4. Levi & Korsinsky (Stamford)
    733 Summer Street, Suite 304, Levi & Korsinsky (Stamford), CT 06901
    203-992-4523 ·
  5. Sarraf Gentile LLP
    450 Seventh Avenue, Suite 1900, Sarraf Gentile LLP, NY 10123
    (212) 868-3610 (212) 918-7967 ·
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)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  2. Shapiro Haber & Urmy LLP (Boston)
    53 State Street, Shapiro Haber & Urmy LLP (Boston), MA 02109
    617.439.3939 617.439.0134 · info@shulaw.com
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 U.S. District Court Civil Docket 05/16/2019
5 Memorandum and Order on Lead Plaintiff's Request to Add Joanne Geller as Named Plaintiff 05/16/2019
6 Order of Dismissal 05/16/2019

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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