Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of TransEnterix, Inc. Investors and
Encourages Investors to Contact the Firm
Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of
investors who purchased TransEnterix, Inc. (“TransEnterix” or the “Company”) (NYSE: TRXC) securities between February 10, 2016 and May 10, 2016, inclusive (the “Class Period”). TransEnterix
investors have until August 1, 2016 to file a lead plaintiff motion.
Investors suffering losses on their TransEnterix investments are encouraged to contact Lesley Portnoy of GPM to discuss their
legal rights in this class action at 310-201-9150 or by email to shareholders@glancylaw.com.
On April 20, 2016, TransEnterix disclosed that its SurgiBot System failed to meet the United States Food and Drug
Administration’s (the “FDA”) standards for substantial equivalence based upon the data and information TransEnterix submitted in
its 510(k) filing.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the
Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or
failed to disclose that: there were deficiencies within the Company's 510(k) submission regarding the SurgiBot that undermined the
likelihood that the SurgiBot would receive FDA clearance, which would leave the Company unable to commercialize the SurgiBot in
2016 and would impair the Company's ability to obtain approval for and commercialize its other robotic surgery platform in the
United States.
If you purchased shares of TransEnterix during the Class Period you may move the Court no later than August 1,
2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of
the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite
2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number
of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
https://www.glancylaw.com
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