NEW YORK, NY / ACCESSWIRE / May 17, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Masimo Corporation ("Masimo" or "the Company") (NASDAQ:MASI). Investors who purchased Masimo securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MASI.
Investigation Details:
On May 7, 2024, Masimo filed its quarterly report on Form 10-Q with Securities and Exchange Commission and stated that the "Company received a civil investigative demand from the DOJ [Department of Justice] pursuant to the False Claims Act, 31 U.S.C. §§ 3729-3733, dated March 25, 2024, seeking documents and information related to customer returns of the Company's Rad-G® and Rad-97® products, including returns related to the Company's recall of select Rad-G® products in 2024." Following this news, Masimo stock dropped $15.98 per share, or 11.75%, to close at $120.02 on May 8, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Masimo securities, you can assist this investigation by visiting the firm's site: bgandg.com/MASI. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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