Saxena White P.A. Files Securities Fraud Class Action Against MAKO Surgical Corp.
June 08 2012 - 4:57PM
Marketwired
Saxena White P.A. has filed a class action lawsuit in the United
States District Court for the Southern District of Florida on
behalf of all investors who purchased MAKO Surgical Corp. ("MAKO"
or the "Company") (NASDAQ: MAKO) common stock during the period
between January 9, 2012 and May 7, 2012.
MAKO is a medical device company that primarily markets the RIO
Robotic Arm Interactive Orthopedic system and MAKOplasty
applications (collectively, the "RIO system") for minimally
invasive orthopedic procedures. The Complaint alleges that the
defendants misrepresented or failed to disclose that: (a) the
Company was poised to suffer a larger first-quarter loss due to
higher costs and slower sales of its RIO systems; (b) utilization
rates were declining for the Company's RIO systems; (c) the
Company's 2012 outlook, provided at the start of the Class Period,
lacked a reasonable basis when made; and (d), based on the
foregoing, defendants' positive statements about the Company or its
outlook lacked a reasonable basis.
You may obtain a copy of the complaint and join the class action
at www.saxenawhite.com. If you purchased MAKO stock between January
9, 2012 and May 7, 2012, inclusive, you may contact Joe White or
Marc Grobler at Saxena White P.A. to discuss your rights and
interests.
Saxena White P.A., which has offices in Boca Raton and Boston,
specializes in prosecuting securities fraud and complex class
actions on behalf of institutions and individuals. Currently
serving as lead counsel in numerous securities fraud class actions
nationwide, the firm has recovered hundreds of millions of dollars
on behalf of injured investors and is active in major litigation
pending in federal and state courts throughout the United
States.
Joseph E. White, III jwhite@saxenawhite.com Marc Grobler
mgrobler@saxenawhite.com Saxena White P.A. 2424 North Federal
Highway, Suite 257 Boca Raton, FL 33431 Tel: (561) 394-3399 Fax:
(561) 394-3382 www.saxenawhite.com
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