The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in MAKO Surgical Corporation of Class Act...
May 11 2012 - 12:14PM
Marketwired
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of Florida on behalf of investors who purchased MAKO
Surgical Corporation ("MAKO" or the "Company") (NASDAQ: MAKO)
common stock between January 9, 2012 and May 7, 2012.
For more information, click here:
http://www.zlk.com/mako-surgical-mako. There is no cost or
obligation to you.
The complaint alleges that, throughout the Class Period,
defendants issued materially false and misleading statements
regarding the Company's financials and business prospects.
Specifically, defendants misrepresented and/or failed to disclose:
(a) that the Company was experiencing higher costs and slower sales
of its RIO systems, and thus was set to suffer a larger first
quarter loss; (b) that utilization rates of the Company's RIO
systems were dropping; (c) that the Company's 2012 Outlook lacked a
reasonable basis when made; and (d) that, based on the above,
defendants lacked a reasonable basis for their positive statements
about the Company and its prospects.
On May 7, 2012, the Company announced its first quarter 2012
financial results. Revenue dropped approximately 40% from the
fourth quarter 2011 and missed analyst expectations by
approximately 20 percent. As a result, the price of MAKO common
stock dropped $15.13 per share, or nearly 37%, to close at $26.27
per share on May 8, 2012, on unusual high volume.
If you suffered a loss in MAKO you have until July 9, 2012 to
request that the Court appoint you as lead plaintiff. Your ability
to share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(877) 363-5972, or visit http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of
the attorneys listed below. Attorney advertising. Prior results do
not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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