The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the District of Massachusetts on
behalf of purchasers of ConforMIS, Inc. (NasdaqGS: CFMS) (“ConforMIS” or
the “Company”) securities pursuant and/or traceable to the Company’s
Registration Statement and Prospectus issued in connection with the
Company’s initial public offering on or about July 1, 2015 (the “IPO” or
the “Offering”); and/or on the open market between July 1, 2015 and
August 28, 2015, inclusive (the “Class Period”). Investors who wish to
become proactively involved in the litigation have until November 2,
2015 to seek appointment as lead plaintiff.
If you have suffered a loss from investment in ConforMIS securities
during the Class Period, and would like to learn more about this lawsuit
and your ability to participate as a lead plaintiff, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616. No class has yet been certified in
the above action. Members of the Class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the Class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Company securities during
the Class Period. Brower Piven also encourages anyone with
information regarding the Company’s conduct during the period in
question to contact the firm, including whistleblowers, former
employees, shareholders and others.
The complaint accuses the defendants of violations of the Securities Act
of 1933 and the Securities Exchange Act of 1934 by virtue of the
defendants’ failure to disclose during the Class Period that as a result
of the flaws in the Company’s manufacturing process, a number of the
Company’s knee replacement product systems were defective.
According to the complaint, following the Company’s August 31, 2015,
pre-market announcement that it had initiated a voluntary recall of
specific serial numbers of patient-specific instrumentation for certain
of its knee replacement product systems, in response to recent
complaints of moisture on the patient-specific instrumentation, the
value of ConforMIS shares significantly declined.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
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