Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against MAKO Surgical Corporation
May 18 2012 - 6:34PM
Business Wire
Notice is hereby given that Glancy Binkow & Goldberg LLP has
filed a class action lawsuit in the United States District Court
for the Southern District of Florida on behalf of a class
consisting of all persons or entities who purchased the common
stock of MAKO Surgical Corporation (“MAKO” or the “Company”)
(NASDAQ:MAKO) between January 9, 2012 and May 7, 2012, inclusive
(the "Class Period").
A copy of the Complaint is available from the court or from
Glancy Binkow & Goldberg LLP. Please contact us by phone to
discuss this action or to obtain a copy of the Complaint at (310)
201-9150 or Toll Free at (888) 773-9224, by email at
shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.
MAKO offers the RIO Robotic Arm Interactive Orthopedic system
and MAKOplasty applications (collectively, the “RIO system”) for
minimally invasive orthopedic procedures. The Complaint alleges
that the defendants misrepresented or failed to disclose that: (a)
the Company was poised to suffer a larger first-quarter loss due to
higher costs and slower sales of its RIO systems; (b) utilization
rates were declining for the Company’s RIO systems; (c) the
Company’s 2012 outlook, provided at the start of the Class Period,
lacked a reasonable basis when made; and (d), based on the
foregoing, defendants’ positive statements about the Company or its
outlook lacked a reasonable basis.
If you are a member of the class described above, you may move
the Court, no later than July 9, 2012 to serve as lead plaintiff;
however, you must meet certain legal requirements. To be a member
of the class you may retain counsel of your choice or take no
action and remain an absent class member. If you wish to discuss
this action or have any questions concerning this Notice or your
rights or interests with respect to these matters, please contact
Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP,
1925 Century Park East, Suite 2100, Los Angeles, California 90067,
by telephone at (310) 201-9150 or Toll Free at (888) 773-9224, by
e-mail to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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