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

04-01-2020 07:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Merit Medical Systems, Inc. (NYSE: MMSI) shares.

An investigation on behalf of current long term investors in Merit Medical Systems, Inc. (NYSE: MMSI) shares.

An investigation on behalf of current long-term investors in shares of Merit Medical Systems, Inc. (NYSE: MMSI) concerning potential breaches of fiduciary duties by certain directors and officers of Merit Medical Systems, Inc. was announced.

Investors who are current long term investors in Merit Medical Systems, Inc. (NYSE: MMSI) shares, 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 for current long term investors in NYSE: MMSI stocks follows a lawsuit filed against Merit Medical Systems, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: MMSI stocks, concerns whether certain Merit Medical Systems, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that common shares between February 26, 2019 and October 30, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 26, 2019 and October 30, 2019, the defendants failed to disclose that the integrations of Cianna and Vascular Insights, including their products, sales people, and R&D facilities, had caused operational disruptions and reduced sales and were months behind schedule, that sales of acquired company products had slowed substantially due to pre-acquisition pipeline fill, in particular for Vascular Insights products which, as late as July 2019, had zero orders during fiscal 2019, and that in light of the foregoing, the Company's reported financial guidance for fiscal 2019 and 2020 was made without a reasonable basis.

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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