RTI Surgical Holdings, Inc.
|Company Name||RTI Surgical Holdings, Inc.|
|Class Period||March 07, 2016 to March 16, 2020|
|Lead Plaintiff Motion Deadline||May 22, 2020|
On March 16, 2020, after the market closed, RTI Surgical disclosed that its Audit Committee was investigating “the Company’s revenue recognition practices regarding the timing of revenue with respect to certain contractual arrangements, primarily with OEM customers, including the accounting treatment, financial reporting and internal controls related to such arrangements.” According to RTI Surgical, the investigation was “precipitated by an ongoing SEC investigation related to the periods 2014 through 2016.”
On this news, the Company's share price fell sharply in after-hours trading on March 16, 2020.
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