Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Intuitive Surgical, Inc. (“Intuitive” or the “Company”) (NasdaqGS: ISRG) stock between October 19, 2011 and April 18, 2013.
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The complaint alleges that defendants made materially false and misleading statements concerning the safety and efficacy of the da Vinci Surgical System, a system that allows for laparoscopic surgery through the use of robotic manipulators. The complaint alleges that the true facts, concealed from the investing public, include the following: (a) that defects in the da Vinci system had caused a substantial number of patient injuries and deaths resulting in a substantial number of adverse incident reports; (b) that not all of the adverse incidents were reported to the FDA; and (c) that as a result of such adverse incidents, Intuitive exposed itself to potential civil liability and criminal sanctions.
On March 5, 2013, a news report indicated that numerous lawsuits have been filed against Intuitive. Then, on April 18, 2013, CNBC’s Investigations, Inc. broadcast interviews with numerous doctors, lawyers, and patients who filed lawsuits against Intuitive. Upon this report, Intuitive shares fell $8.62 per share to close at $484.75 per share.
If you suffered a loss in Intuitive you have until June 25, 2013
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at
or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.