SAN FRANCISCO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Masimo Corporation (NASDAQ:MASI) investors who suffered substantial losses to submit your losses now.
Class Period: Feb. 28, 2023 - July 17, 2023
Lead Plaintiff Deadline: Oct. 23, 2023
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Masimo Corporation (MASI) Securities Fraud Class Action:
The complaint alleges Masimo made false or misleading statements and failed to disclose that: (1) Masimo created the false impression that it possessed reliable information about its sales pipeline; (2) its forecasting process did not adequately account for the potential loss of sensor sales to customers; and (3) its forecasting process did not adequately account for a decline in demand for premium and luxury audio categories.
Investors began to learn the truth on July 17, 2023, when Masimo announced preliminary results for Q2 2023. The company reported lower than ...