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MAKO Mako Surgical Corp. (MM)

29.99
0.00 (0.00%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mako Surgical Corp. (MM) NASDAQ:MAKO NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 29.99 0 01:00:00

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 from Investing in MAKO Surgical Corporati...

30/06/2012 12:45am

PR Newswire (US)


Mako Surgical Corp. (MM) (NASDAQ:MAKO)
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From Jul 2019 to Jul 2024

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NEW YORK, June 29, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at MAKO Surgical Corporation ("MAKO" or the "Company") (NASDAQ: MAKO).

(Logo:  http://photos.prnewswire.com/prnh/20120119/MM38856LOGO )

The investigation focuses on whether MAKO and its executives violated federal securities laws by failing to disclose that:  (1) the Company was poised to suffer a larger first-quarter loss due to higher costs and slower sales of its RIO systems; (2) utilization rates were declining for the Company's RIO systems; and (3) the Company's 2012 outlook lacked a reasonable basis when made.

On May 7, 2012, MAKO announced its first quarter 2012 financial results. Although revenue rose from the first quarter 2011, it dropped approximately 40% from the fourth quarter 2011 and missed analysts' consensus expectations by approximately 20%. As a result, MAKO stock dropped $15.13 to close at $26.27 per share on May 8, 2012.

Request more information now by clicking here:  www.faruqilaw.com/MAKO. There is no cost or obligation to you.

Take Action

If you purchased MAKO stock or options between January 9, 2012 and May 7, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/MAKO.  You can also contact us by calling Juan Monteverde, Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to jmonteverde@faruqilaw.com, rgonnello@faruqilaw.com or fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding ModusLinks's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential matter.



FARUQI & FARUQI, LLP

369 Lexington Avenue, 10th Floor

New York, NY 10017

Attn:  Juan Monteverde, Esq.

jmonteverde@faruqilaw.com

Richard Gonnello, Esq.

rgonnello@faruqilaw.com

Francis McConville, Esq.

fmcconville@faruqilaw.com

Telephone: (877) 247-4292 or (212) 983-9330

 

SOURCE Faruqi & Faruqi

Copyright 2012 PR Newswire

1 Year Mako Surgical Corp. (MM) Chart

1 Year Mako Surgical Corp. (MM) Chart

1 Month Mako Surgical Corp. (MM) Chart

1 Month Mako Surgical Corp. (MM) Chart