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Investigation announced for Investors in shares of Merit Medical Systems, Inc. (NYSE: MMSI)

08-19-2019 07:57 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Merit Medical Systems, Inc. (NYSE: MMSI) shares over potential securities laws violations.

An investigation for investors in Merit Medical Systems, Inc. (NYSE: MMSI) shares over potential securities laws violations.

Merit Medical Systems, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Merit Medical Systems, Inc. (NYSE: MMSI) concerning whether a series of statements by Merit Medical Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

South Jordan, UT based Merit Medical Systems, Inc. manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy. After the market closed on July 25, 2019, Merit Medical Systems, Inc announced its financial and operating results for the second quarter of 2019. Merit Medical Systems, Inc announced net income of $6.9 million, or $0.12 per share, compared to $10.9 million, or $0.21 per share for the same period in the prior year. Merit Medical’s Chairman and Chief Executive Officer, Fred P. Lampropoulos, cited “a number of factors affecting revenues and gross margins during the second quarter,” including “foreign exchange [and] slower than anticipated conversion and uptake of acquired products.”

Shares of Merit Medical Systems, Inc. (NYSE: MMSI) declined from $60.50 per share on July 1, 2019 to as low as $36.18 per share on August 16, 2019.

Those who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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