Levi & Korsinsky Announces Merit Medical Systems Class Action Investigation; MMSI Lawsuit

Class Action Reports

Levi & Korsinsky Announces Merit Medical Systems Class Action Investigation; MMSI Lawsuit

Levi & Korsinsky, LLP

February 10, 2020

Levi & Korsinsky, LLP announces that a MMSI class action lawsuit has been commenced on behalf of investors who purchased Merit Medical Systems, Inc. (MMSI) securities between February 26, 2019 and October 30, 2019. For more on the Merit Medical Systems Class Action please contact us today.

According to the Merit Medical Systems lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the integrations of acquired companies Cianna Medical, Inc. and Vascular Insights, LLC, including their products, sales people, and R&D facilities, had caused operational disruptions and reduced sales and were months behind schedule; (2) sales of acquired company products had slowed substantially due to pre-acquisition pipeline fill, in particular for Vascular Insights products which, as late as July 2019, had zero orders during FY19; and (3) in light of the foregoing, the Company’s reported financial guidance for FY19 and FY20 was made without a reasonable basis.

TO LEARN MORE ABOUT THE MMSI CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/merit-medical-systems-inc-loss-form?prid=5342&wire=9

If you suffered a loss in Merit Medical Systems you have until February 3, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com