Bovie Medical Corporation under Investor Investigation over possible Violations of Securities Laws

Sept. 28, 2011 - PRLog -- An investigation on behalf of investors in shares of Bovie Medical Corporation  over possible Violations of Federal Securities Laws was announced.

If you purchased shares of Bovie Medical Corporation , you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Bovie Medical Corporation (Public, AMEX-BVX) concerning allegations that officials at the Bovie Medical Corp. caused Bovie Medical to take actions which resulted in at least three major lawsuits, including one for patent infringement, which caused the company to lose its rights to manufacture its SEER and BOSS technologies. As a result, so the investigation, Bovie Medical's ability to produce many of its medical products has been threatened, and it has been unable to capitalize on material corporate and market opportunities. Additionally, investigation by a law firm also concerns allegations that members of the Board, including Bovie Medical’s Chief Operating Officer possibly engaged in self-dealing practices that routinely awarded senior management positions to unqualified friends and family members.

Bovie Medical’s annual Revenue fell from $28.78million in 07, respectively $28.10million for 2008, to $26.954million in 2009 and $24.23million in 2010. Its Net Income fell over the same time frame from $3.80million in 07 to a Net Loss of $1.53million in 2010.

Shares of Bovie Medical Corporation (Public, AMEX-BVX) dropped from as high as $9.69 during 2009 to as low as $1.84 in October 2010 and traded recently at roughly $2.80 per share.

Those who purchased shares of Bovie Medical Corporation (Public, AMEX-BVX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.