Investors Given Opportunity to Lead Securities Fraud Lawsuit Against Masimo Corporation

Investors who have suffered substantial losses in their investments with Masimo Corporation have been presented with the opportunity to lead a securities fraud class action lawsuit against the company. The Law Offices of Howard G. Smith has announced that investors who incurred losses between February 28, 2023, and July 17, 2023, can step forward as lead plaintiffs in this legal action.

The complaint filed alleges that Masimo misled investors by providing false information regarding the company’s sales pipeline. It is claimed that the defendants failed to adequately account for potential loss of sensor sales and a decline in demand for premium and luxury audio categories among Masimo’s customers. Furthermore, it is alleged that the defendants deliberately ignored the decline in sales. As a result, the defendants’ positive statements about the company’s business, operations, and prospects were deemed materially misleading and lacked a reasonable basis.

Investors who wish to learn more about this class action or have any questions concerning their rights or interests in the pending lawsuit are encouraged to contact Howard G. Smith, Esquire, of the Law Offices of Howard G. Smith. The law firm can be reached by phone at 888-638-4847 or via email at howardsmith@howardsmithlaw.com. Alternatively, interested parties can visit the firm’s website at www.howardsmithlaw.com.

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