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MAKO Surgical Corporation (NASDAQ: MAKO) Investor Securities Class Action Lawsuit 05/10/2012

  • If you purchased shares of MAKO Surgical Corporation (NASDAQ: MAKO), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
MAKO Surgical Corp.
Security
NASDAQ: MAKO

Case Name
MAKO Surgical Shareholder Class Action Lawsuit 05/10/2012
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of Florida

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

June 14, 2013 - The court entered a final judgment in favor of the defendants.
June 10, 2013 - The court ordered the case dismissed with prejudice.

May 15, 2013 - The court granted the defendants' motion to dismiss with leave to file a second amended complaint before June 5, 2013.

October 16, 2012 - The defendants filed a motion to dismiss.

September 12, 2012 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased MAKO Surgical Corporation (NASDAQ: MAKO) common shares between January 9, 2012 and July 9, 2012. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between January 9, 2012 and July 9, 2012.

August 2, 2012 - The lead plaintiff and lead counsel were appointed and all cases were consolidated. The defendants' motion to dismiss is denied as moot.

July 9, 2012 - Lead plaintiff motions were filed.

June 21, 2012 - The defendants filed a motion to dismiss.

May 10, 2012 - An investor in shares of MAKO Surgical Corporation (NASDAQ: MAKO) filed a lawsuit in the U.S. District Court for the Southern District of Florida against MAKO Surgical Corporation over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges on behalf of purchasers of the common stock of MAKO Surgical Corporation (NASDAQ: MAKO) between January 9, 2012 and May 7, 2012, that MAKO Surgical Corporation and certain of its officers and executives violated that Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements regarding MAKO Surgical Corporation’s financials and future business prospects.

MAKO Surgical Corporation reported that its annual Revenue rose from $2.94million in 2008 to $84.51million in 2011 and that its Net Loss slightly decreased from $37.08million to $36.14million, respectively.

Shares of MAKO Surgical Corporation (NASDAQ: MAKO) rose from as low as $9.51 per share in October 2010 to as high as $42.15 per share in March 2012.

Then on May 7, 2012, MAKO Surgical Corporation reported its Operating Results for the First Quarter 2012. Despite that its first quarter 2012 revenue rose from its first quarter 2011, it dropped approximately 40% from the fourth quarter 2011.

Shares of MAKO Surgical Corporation (NASDAQ: MAKO) fell from $41.40 on May 4, 2012 to as low as $26.21 per share and closed on May 10, 2012, at $24.27 per share.