NEW YORK, Oct. 14, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of ReWalk Robotics Ltd. ("ReWalk")
(NASDAQGM: RWLK) pursuant to the Company's initial public
offering ("IPO") on or around September 12,
2014.
You are hereby notified that a securities class action
lawsuit has been commenced in the Superior Court of the
State of California, County of
San Mateo. If you purchased or
otherwise acquired ReWalk securities pursuant to the initial public
offering your rights may be affected by this action. To get more
information go to:
http://zlk.9nl.com/rewalk-robotics-rwlk or contact
Joseph E. Levi, Esq. either via
email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972. There is no cost or obligation to
you.
The complaint alleges that while the Registration Statement
filed pursuant to the IPO stated that the U.S. Food and Drug
Administration had classified ReWalk as subject to special
controls, including compliance with medical device consensus
standards, performance of a postmarket surveillance clinical study
demonstrating a reasonable assurance of safety and effectiveness in
urban terrain, and a training program, among other things, the
Company failed to disclose that it was unable to comply with the
special controls. ReWalk also omitted that it had received a
Warning Letter from the FDA in September of 2015, in which the FDA
outlined ReWalk's failures to propose and commence an adequate
postmarket surveillance plan. On May 10,
2016, ReWalk revealed that at the time of the IPO, the
company had been unable to comply with the FDA's special controls
due to inadequate staffing.
If you suffered a loss in ReWalk and would like to obtain
additional information, contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by telephone
at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/rewalk-robotics-rwlk.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP