Masimo Corporation
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Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Masimo Corporation |
Ticker: | Ticker: MASI |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI). The investigation concerns whether Masimo and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On May 7, 2024, Masimo disclosed that it had received a subpoena from the Department of Justice in February “seeking documents and information related to the Company’s Rad-G and Rad-97 products, including information relating to complaints surrounding the products and the Company’s decision to recall select Rad-G products in 2024.” On this news, the price of Masimo shares declined by $15.98 per share, or approximately 11.8%, from $136.00 on May 7, 2024 to close at $120.02 on May 8, 2024.
On May 7, 2024, Masimo disclosed that it had received a subpoena from the Department of Justice in February “seeking documents and information related to the Company’s Rad-G and Rad-97 products, including information relating to complaints surrounding the products and the Company’s decision to recall select Rad-G products in 2024.” On this news, the price of Masimo shares declined by $15.98 per share, or approximately 11.8%, from $136.00 on May 7, 2024 to close at $120.02 on May 8, 2024.