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Medical Device Maker To Pay $42.5M To Settle Securities Class Action Claims

Mealey's (September 13, 2018, 1:13 PM EDT) -- SAN JOSE, Calif. — A medical device maker and certain of its senior executives will pay $42.5 million to settle claims that they misrepresented to investors the safety of the medical device maker’s surgical product and its compliance with U.S. Food and Drug Administration regulations in violation of federal securities laws, class representatives state in a Sept. 11 motion for preliminary approval of settlement filed in California federal court (In re Intuitive Surgical Securities Litigation, No. 13-1920, N.D. Calif.).

(Motion for preliminary approval of settlement available. ...
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