Brower Piven Encourages Investors Who Have Losses in Excess of $500,000 From Investment in MAKO Surgical Corporation to Inqui...
May 15 2012 - 1:49PM
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District
Court for the Southern District of Florida on behalf of purchasers
of the common stock of MAKO Surgical Corporation ("MAKO" or the
"Company") (Nasdaq:MAKO) during the period between January 9, 2012
and May 7, 2012, inclusive (the "Class Period").
If you have suffered a net loss for all transactions in MAKO
Surgical Corporation during the Class Period, you may obtain
additional information about this lawsuit and your ability to
become a lead plaintiff by contacting Brower Piven at
www.browerpiven.com, by email at hoffman@browerpiven.com, by
calling 410/415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating
securities and class action cases of over 60 years.
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than July 9, 2012 and be selected by the Court.
The lead plaintiff will direct the litigation and participate in
important decisions including whether to accept a settlement and
how much of a settlement to accept for the Class in the action. The
lead plaintiff will be selected from among applicants claiming the
largest loss from investment in the Company during the Class
Period. You are not required to have sold your shares to seek
damages or to serve as a Lead Plaintiff.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the Company's failure
to disclose during the Class Period that the Company was
experiencing higher costs and slower sales of its RIO Robotic Arm
Interactive Orthopedic ("RIO") system and MAKOplasty applications
(the "RIO system") and that utilization rates of the Company's RIO
systems were dropping such that the Company's 2012 outlook provided
at the start of the Class Period lacked a reasonable basis when
made. After, on May 7, 2012, the Company revealed that its first
quarter 2012 financial results had dropped approximately 40% from
the fourth quarter 2011 and that the Company missed analysts'
consensus expectations by approximately 20%, the value of MAKO
shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain
other counsel of your choice. You need take no action at this
time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
Stevenson, Maryland
410/415-6616
hoffman@browerpiven.com
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