Press release
Investigation announced for Investors in shares of Masimo Corporation (NASDAQ: MASI) over possible Violations of Securities Laws
An investigation for investors in Masimo Corporation (NASDAQ: MASI) shares over potential securities laws violations.
Investors who purchased shares of Masimo Corporation (NASDAQ: MASI), 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 whether a series of statements by Masimo Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Irvine, CA based Masimo Corporation develops, manufactures, and markets various patient monitoring technologies, and automation and connectivity solutions worldwide. Masimo Corporation reported that its annual Total Revenue rose from over $2.03 billion in 2022 to over $2.04 billion in 2023, and that its Net Income declined from $143.5 million in 2022 to $81.5 million in 2023.
On May 7, 2024, Masimo Corporation filed its quarterly report on Form 10-Q with Securities and Exchange Commission ("SEC") which, among other things, announced that the "Company received a civil investigative demand from the DOJ [Department of Justice] pursuant to the False Claims Act, 31 U.S.C. §§ 3729-3733, dated March 25, 2024, seeking documents and information related to customer returns of the Company's Rad-G® and Rad-97® products, including returns related to the Company's recall of select Rad-G® products in 2024."
Shares of Masimo Corporation (NASDAQ: MASI) declined from $153.93 per share on March 25, 2024, to as low as $114.32 per share on May 08, 2024.
Those who purchased shares of Masimo Corporation (NASDAQ: MASI) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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