New York, June 23, 2024 (GLOBE NEWSWIRE) —
Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Masimo (NASDAQ:) Corporation (NASDAQ: MASI) resulting from allegations that Masimo may have issued materially misleading business information. For the investing public.
so what: If you purchase Masimo securities, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing a class action lawsuit seeking to recover investors’ losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=24978 or contact Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.
what the subject is about: On May 7, 2024, after market hours, Masimo filed its quarterly report on Form 10-Q with the Securities and Exchange Commission (SEC) announcing, among other things, that the company had received a request for a civil investigation from the Department of Justice (DOJ). ) Pursuant to the False Claims Act, 31 USC § 3729-3733, dated March 25, 2024, to obtain documents and information regarding customer returns of the Company’s Rad-G ® and Rad-97 ® products, including returns related to the Company’s recalls of selected products from Rad-G ® in 2024.
On this news, Masimo’s stock price fell $15.98 per share, or 11.75%, to close at $120.02 per share on May 8, 2024, on unusually heavy trading volume.
Why Rosen’s Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these companies do not file securities class actions. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever settlement of a securities class action lawsuit against a Chinese company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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contact information:
Lawrence Rosen, Esq.
Philip Kim, Esq.
Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com