SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Masimo Corporation Investors

NEW YORK, May 30, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI). Such investors are encouraged to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Masimo and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

(Click here for information on joining the class action lawsuit.)

At May 7, 2024Masimo announced in a filing with the U.S. Securities and Exchange Commission that the “Company has received a civil investigative demand from the Department of Justice (DOJ) under the False Claims Act, 31 U.S.C. §§ 3729-3733, dated March 25, 2024and requests documents and information related to customer returns of the Company’s Rad-G® and Rad-97® products, including returns related to the recall of select Company Rad-G® products in 2024.”

Following this news, Masimo’s share price fell 15,98 € per share or 11.75%, and closed at $120.02 per share on May 8, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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