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SYK Alert: Monsey Firm of Wohl & Fruchter LLP Investigating Stryker Corporation for Potential Securities Law Violations

Published: 2022-04-06 14:01:00 ET

MONSEY, New York, April 06, 2022 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether Stryker Corporation (NYSE: SYK) (“Stryker”) has violated federal securities laws. If you suffered losses as a result of today’s drop in the price of SYK, and have questions about your legal rights, please contact us at the following link to discuss your options at no charge:

https://wohlfruchter.com/cases/stryker-corporation/

Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.

Why is there an investigation?

On April 6, 2022, Spruce Point Capital Management (“Spruce Point”) published a report alleging that Stryker has failed to disclose certain material facts to investors concerning its operations, including covering up inventory accounting problems.

In particular, based in part on interviews with former Stryker employees, Spruce Point alleges that Stryker has concealed from investors that its true exposure to elective procedures adversely impacted by the COVID-19 pandemic was 50% of sales; that a critical ERP project to unify over 40 systems failed miserably; and that critical materials inventory continues to be hampered by supply chain challenges and inflationary pressures.

In reaction to the Spruce Point report, the price of Stryker stock has opened down nearly 3.0% in early trading on April 6, 2002.

About Wohl & Fruchter Wohl & Fruchter LLP, with offices in New York City and Monsey, has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:Wohl & Fruchter LLPJoshua E. Fruchter Toll Free 866.833.6245 alerts@wohlfruchter.com www.wohlfruchter.com

Source: Wohl & Fruchter LLP

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.