Press release from Business Wire
Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Intuitive Surgical, Inc.
Friday, August 13, 2010
Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Intuitive Surgical, Inc.21:00 EDT Friday, August 13, 2010 WAYNE, Pa. (Business Wire) -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/isrg) announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of purchasers of the securities of Intuitive Surgical, Inc. (NASDAQ:ISRG) ("Intuitive Surgical" or the "Company"), who purchased or otherwise acquired Intuitive Surgical securities between February 1, 2008 and January 7, 2009, inclusive (the "Class Period"). For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/isrg. The complaint, seeking to pursue remedies under the Securities Exchange Act of 1934, alleges that Intuitive Surgical issued false and misleading statements regarding the Company's true business prospects and financial results. On January 7, 2009, Intuitive Surgical shocked investors when, after the close of the market, it issued a pre-announcement of its fourth quarter results which stated that, contrary to the Company's previous optimistic predictions of continued growth in the use of da Vinci systems across a widening number surgical procedures, and upward revisions in their system revenue forecast, the company expected systems revenue to remain flat. On this news, shares of Intuitive Surgical plummeted more than 6% from a close of $117.88 on January 6, 2009 to a close of $110.54 on January 8, 2009. If you are a member of the class, you may, no later than October 8, 2010, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action. For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/isrg, or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at email@example.com. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.