NEW YORK, June 20, 2017 /PRNewswire/ -- Kaplan Fox
& Kilsheimer LLP (www.kaplanfox.com) is investigating claims on
behalf of investors of Mazor Robotics Ltd. ("Mazor" or the
"Company") (NASDAQ: MZOR).
Class action litigation has been filed in the United States
District Court for the Southern District of New York against Mazor and certain executives
of the Company on behalf of investors who purchased or otherwise
acquired Mazor's American Depositary Receipts ("ADRs") or other
securities between November 8, 2016
and June 8, 2017, inclusive (the
"Class"), alleging violations of the Securities Exchange Act of
1934.
Mazor is a medical device company that purportedly develops and
markets innovative surgical guidance systems and complementary
products. The Company claims that its expertise is
computerized and imaging-based systems, primarily in the field of
spine surgery, and that its Surgical Guidance Systems enable
surgeons to advance from freehand surgical procedures to accurate,
pre-planned, state-of-the-art, precision guided procedures.
On June 8, 2017, Mazor disclosed
that in May 2017 the Israeli
Securities Authority ("ISA") conducted a search of its offices and
also questioned certain officers in connection with the ISA
investigation.
The complaint alleges that throughout the Class Period,
defendants made materially false and/or misleading statements, as
well as failed to disclose, among other things, (1) that the
Company was engaged in conduct that subjected it to ISA
investigation, and (2) that as such, the Company was exposed to
potential liability. Following this news, the price of
Mazor's ADRs fell $3.70 per ADR, or
9.9%, to close at $33.67 on
June 8, 2017. The next trading
day, June 9, 2017, Mazor's ADRs
declined an additional $3.08 per ADR,
or 9.15%, to close at $30.59 per ADR
on June 9, 2017.
If you are a member of the proposed Class, you may move the
court no later than August 8, 2017 to
serve as a lead plaintiff for the purported class. You need
not seek to become a lead plaintiff in order to share in any
possible recovery. If you would like to discuss the complaint
or our investigation, please contact us by emailing
pmayer@kaplanfox.com or by calling 800-290-1952.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Kaplan Fox & Kilsheimer LLP,
with offices in New York,
San Francisco, Los Angeles, Chicago and New
Jersey, has many years of experience in prosecuting investor
class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit
our website at www.kaplanfox.com. If you have any questions
about this Notice, the action, your rights, or your interests,
please contact:
Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: dhall@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California
94104
(415) 772-4700
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
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SOURCE Kaplan Fox &
Kilsheimer LLP