Law Offices of Howard G. Smith Encourages Investor

BENSALEM, Pa., Oct. 4, 2013 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the "Class") comprising all purchasers of Orthofix International N.V. ("Orthofix" or the "Company") (Nasdaq: OFIX ) common stock between May 5, 2011 and July 29, 2013 (the "Class Period"). Investors with losses of $100,000 or more are encouraged to contact the firm for information concerning a lead plaintiff position in the shareholder lawsuit and have until October 14, 2013 to file a motion with the Court to be appointed as lead plaintiff.

Orthofix is a medical device company engaged in the design, development, manufacture, marketing and distribution of medical equipment used principally by musculoskeletal medical specialists for spine and orthopedic applications. The Complaint alleges that defendants misrepresented or failed to disclose that: (1) certain revenues recognized during 2011 and 2012 should not have been recognized or were recognized improperly; (2) Orthofix's previously issued consolidated financial statements for the fiscal years ended December 31, 2011 and December 31, 2012, for the interim quarterly periods within those years, and for the interim quarterly period ended March 31, 2013, should not be relied upon; (3) Orthofix's financial statements during 2011, 2012 and the first quarter of 2013 were materially false and misleading and violated generally accepted accounting principles and the Company's revenue recognition policy; (4) Orthofix's Forms 10-Q and 10-K for fiscal years 2011, 2012, and the first quarter of 2013, failed to disclose then-known trends, events or uncertainties associated with the Company's revenues that were reasonably likely to have a material effect on Orthofix's future operating results; (5) the Company's disclosure controls and financial reporting procedures were materially deficient, and defendants' representations concerning those controls and procedures were materially false and misleading; and (6) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company's financial performance and outlook during the Class Period.

If you are a member of the Class described above, you have certain rights, and have until October 14, 2013 to move for lead plaintiff status. To be a member of the Class you need not take any action at this time, or you may retain counsel of your choice. If you wish to discuss this action, or if you purchased Orthofix stock prior to the Class Period and have any questions concerning your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com .

Law Offices of Howard G. Smith Howard G. Smith, Esquire (215) 638-4847 (888) 638-4847 www.howardsmithlaw.com