litigation
confidence high
sentiment negative
materiality 0.65
Apyx Medical named in securities class action over off-label product statements
Apyx Medical Corp
- Plaintiff William Hattaway filed securities class action in Middle District of Florida on June 6, 2022.
- Defendants: Apyx Medical, CEO Charles Goodwin, CFO Tara Semb; claims under Sections 10(b) and 20(a).
- Allegations focus on public statements regarding off-label use of Advanced Energy products; class period May 12, 2021 - Mar 11, 2022.
- Complaint seeks unspecified damages; company states allegations are without merit and will defend vigorously.
- The complaint has not yet been served on the company.