NASDAQ: MASI

Masimo Corporation

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Masimo Corporation (NASDAQ: MASI) resulting from allegations that Masimo may have issued materially misleading business information to the investing public.

If you purchased Masimo securities and would like to join the prospective action, please click “Join This Class Action.”

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Details of investigation:

On May 7, 2024, after market hours, Masimo filed its quarterly report on Form 10-Q with Securities and Exchange Commission (“SEC”) which, among other things, announced that the “Company received a civil investigative demand from the DOJ [Department of Justice] pursuant to the False Claims Act, 31 U.S.C. §§ 3729-3733, dated March 25, 2024, seeking documents and information related to customer returns of the Company’s Rad-G® and Rad-97® products, including returns related to the Company’s recall of select Rad-G® products in 2024.”

On this news, Masimo’s stock price fell $15.98 per share, or 11.75%, to close at $120.02 per share on May 8, 2024, on unusually heavy trading volume.

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Company Name: Masimo Corporation
Stock Symbol: MASI
Class Period: N/A
Court: N/A
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