July 19, 2013
/PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Intuitive Surgical, Inc. ("Intuitive Surgical" or the "Company") (NASDAQ: ISRG).
The investigation focuses on whether Intuitive Surgical and certain of its executives and/or directors violated federal securities laws.
July 18, 2013
, Intuitive Surgical cut its revenue guidance for 2013 in response to increasing concerns about its da Vinci surgical robot systems. The Company now sees sales growth in a range of 0% to 7%, down from its previous guidance range of 16% to 19%. After the market closed that day, in a conference call to investors,
Gary S. Guthart
, President and Chief Executive Officer of Intuitive Surgical, also announced that the Federal Drug Administration sent a warning letter regarding its previous onsite audit, asking for additional steps to resolve two of the four observations it made.
Following this news, the Company's stock dropped
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If you invested in Intuitive Surgical stock or options between
April 19, 2013
July 18, 2013
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Faruqi & Faruqi, LLP also encourages anyone with information regarding Intuitive Surgical's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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