Cases
Mazor Robotics (NASDAQ : MZOR)
Securities Class Action
Overview
Overview
- Date:
- 7/17/2017
- Company Name:
- Mazor Robotics, Inc.
- Stock Symbol:
- MZOR
- Class Period:
- FROM 11/8/2016 TO 6/9/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, July 17, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the District of Southern New York on behalf of all persons or entities who purchased or otherwise acquired Mazor Robotics, Inc. (OTC: MZOR) securities between November 8, 2016 and June 9, 2017 (the “Class Period”). Investors have until August 8, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On June 8, 2017, Mazor revealed that in May 2017, the Israeli Securities Authority (the “ISA”) conducted a search at its offices, and questioned officers in connection with an investigation by the ISA.
Following this news, shares of Mazor Robotics fell $6.78 over two trading days, or over 18%, to close at $30.59 on June 9, 2017.
The Complaint alleges that throughout the Class Period, Defendants failed to disclose: (1) that the Company was engaged in conduct that subjected it to ISA investigation; (2) that the Company was exposed to potential liability; and (3) that, as a result of the foregoing, Defendants’ statements about Mazor’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased or otherwise acquired Mazor Robotics securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On June 8, 2017, Mazor revealed that in May 2017, the Israeli Securities Authority (the “ISA”) conducted a search at its offices, and questioned officers in connection with an investigation by the ISA.
Following this news, shares of Mazor Robotics fell $6.78 over two trading days, or over 18%, to close at $30.59 on June 9, 2017.
The Complaint alleges that throughout the Class Period, Defendants failed to disclose: (1) that the Company was engaged in conduct that subjected it to ISA investigation; (2) that the Company was exposed to potential liability; and (3) that, as a result of the foregoing, Defendants’ statements about Mazor’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased or otherwise acquired Mazor Robotics securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.