Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Invacare Corp. ("Invacare" or the "Company") (NYSE: IVC) concerning the Company's failure to comply with federal regulations in its wheelchair manufacturing business.
On December 8, 2011 Invacare stock dropped over 25 % after the Company revealed that the Food and Drug Administration ("FDA") has proposed a consent decree requiring a work shutdown at the Company's headquarters and at an Elyria, Ohio wheelchair manufacturing plant due to violations found during inspections. Operations would not resume until the FDA concludes Invacare is in compliance with the FDA's regulations. The Elyria, Ohio plant is the Company's largest facility in the United States and the prospective work stoppage poses a significant threat to the Company's prospects.
Our investigation concerns whether the board of directors has breached its fiduciary duties, mismanaged the Company and/or wasted corporate assets at the expense of Invacare shareholders.
If you own Invacare shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin Sachs-Michaels
Harwood Feffer
LLP
488 Madison Avenue
New York, New York 10022
Phone
Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website:
http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contacts:
Harwood Feffer LLP
Robert I. Harwood, Esq.
Benjamin
Sachs-Michaels
877-935-7400
212-935-7400
bsachsmichaels@hfesq.com