Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class Action Lawsuit against MAKO Surgical Corporation
June 25 2012 - 9:35PM
Business Wire
Glancy Binkow & Goldberg LLP, representing shareholders of
MAKO Surgical Corporation (“MAKO” or the “Company”) (NASDAQ:MAKO),
announces that all purchasers of the Company’s common stock between
January 9, 2012 and May 7, 2012, inclusive (the “Class Period”),
have until July 9, 2012 to file a motion with the Court to be
appointed as Lead Plaintiff. The securities fraud class action
lawsuit was filed in the United States District Court for the
Southern District of Florida.
MAKO offers the RIO Robotic Arm Interactive Orthopedic system
and MAKOplasty applications (collectively, the “RIO system”) for
minimally invasive orthopedic procedures. The Complaint charges
MAKO and certain of the Company’s executive officers with
violations of federal securities laws. Specifically, 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 need not take action at this time; 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, 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.
Mako Surgical Corp. (MM) (NASDAQ:MAKO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mako Surgical Corp. (MM) (NASDAQ:MAKO)
Historical Stock Chart
From Jul 2023 to Jul 2024
