Company: | ConforMIS |
Ticker Symbol: | NASDAQ: CFMS |
Class Period: | Jul-1-15 to Aug-28-15 |
Date Filed: | Sep-21-15 |
Lead Plaintiff Deadline: | Nov-20-15 |
Court: | ---- |
Allegations: |
The lawsuit seeks to recover investors' losses under the federal securities laws.ConforMIS stock price fell drastically after the disclosure, dropping 14 percent to $16.95 in just a day.
According to the lawsuit, Defendants issued materially false and misleading statements and/or omitted material information, including that: (1) ConforMIS' manufacturing processes were flawed; (ii) due to the flaws in ConforMIS' manufacturing process, a number of ConforMIS' knee replacement product systems were defective; and (iii) as a result, ConforMIS's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A recall of the ConforMIS knee replacements has been issued.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.