LOS ANGELES, July 9, 2024 (GLOBE NEWSWIRE) — Portnoy Law Firm is advising Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI) Investors that a class action lawsuit has been filed on behalf of investors. Masimo investors who lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact Attorney Lesley F. Portnoy by phone at 310-692-8883 or by email at [email protected] to discuss their legal claims, or click here to join the case at www.portnoylaw.com. The Portnoy Law Firm can provide a free case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint filed alleges that throughout the Class Period, defendants (1) misled investors by creating the false impression that they had reliable information about the Company’s sales pipeline; (2) failed to adequately consider potential declines in sensor sales among Masimo’s customers and the potential decline in demand for premium and luxury audio products; (3) knowingly ignored the decline in sales; and (4) as a result, defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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The Portnoy Law Firm represents investors in claims arising from corporate malpractice. The firm’s founding partner has recovered more than $5.5 billion for injured investors. Attorney Advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Admitted to the bar in California and New York
[email protected]
310-692-8883
www.portnoylaw.com
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