ROSEN, NATIONAL INVESTOR COUNSEL, encourages investors in Masimo Corporation to inquire about the securities class action investigation – MASI

NEW YORK, May 11, 2024 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Masimo Corporation (NASDAQ: MASI) arising from allegations that Masimo may have disclosed materially misleading business information to the investing public.

SO WHAT: If you purchased Masimo securities you may be entitled to compensation without payment of any out of pocket fees or costs under a contingency fee arrangement. Rosen Law Firm is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=24978 or call Phillip Kim, Esq. at. Call us toll-free at 866-767-3653 or email [email protected] for class action information.

WHAT IS THIS ABOUT: On May 7, 2024, after the market closed, Masimo filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission (“SEC”), which disclosed, among other things, that the “Company has received a civil investigation request from the DOJ “Department of Justice) pursuant to the False Claims Act, 31 USC §§ 3729-3733, dated March 25, 2024, to provide documents and information relating to customer returns of the Company’s Rad-G® and Rad-97® products, including related returns, to be requested for the company’s recall of selected Rad-G® products in 2024.”

On this news, Masimo’s stock price fell $15.98 per share, or 11.75%, to close at $120.02 per share on May 8, 2024, due to unusually high trading volume.

WHY ROSEN LAW: We encourage investors to select qualified advisors who have a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or significant peer recognition. Many of these firms do not conduct securities class actions. Be wise when choosing your advisor. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest settlement ever in a securities class action lawsuit against a Chinese company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

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SOURCE: THE ROSEN LAW FIRM, PA