NEW YORK, June 29, 2012 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, is
investigating potential securities fraud at MAKO Surgical
Corporation ("MAKO" or the "Company") (NASDAQ: MAKO).
(Logo:
http://photos.prnewswire.com/prnh/20120119/MM38856LOGO )
The investigation focuses on whether MAKO and its executives
violated federal securities laws by failing to disclose that:
(1) the Company was poised to suffer a larger first-quarter
loss due to higher costs and slower sales of its RIO systems; (2)
utilization rates were declining for the Company's RIO systems; and
(3) the Company's 2012 outlook lacked a reasonable basis when
made.
On May 7, 2012, MAKO announced its
first quarter 2012 financial results. Although revenue rose from
the first quarter 2011, it dropped approximately 40% from the
fourth quarter 2011 and missed analysts' consensus expectations by
approximately 20%. As a result, MAKO stock dropped $15.13 to close at $26.27 per share on May 8,
2012.
Request more information now by clicking here:
www.faruqilaw.com/MAKO. There is no cost or obligation to
you.
Take Action
If you purchased MAKO stock or options between January 9, 2012 and May 7,
2012 and would like to discuss your legal rights, visit
www.faruqilaw.com/MAKO. You can also contact us by calling
Juan Monteverde, Richard Gonnello or Francis McConville toll free at 877-247-4292 or
at 212-983-9330 or by sending an e-mail to
jmonteverde@faruqilaw.com, rgonnello@faruqilaw.com or
fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding ModusLinks's conduct
to contact the firm, including whistleblowers, former employees,
shareholders and others.
Attorney Advertising. The law firm responsible for this
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(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan Monteverde,
Esq.
jmonteverde@faruqilaw.com
Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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