The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

INTUITIVE SURGICAL SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Intuitive Surgical, Inc. of Class Action Lawsuit and Deadline of June 25, 2013 to Seek Lead Plaintiff Position

Monday, June 17, 2013

INTUITIVE SURGICAL SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Intuitive Surgical, Inc. of Class Action Lawsuit and Deadline of June 25, 2013 to Seek Lead Plaintiff Position

13:58 EDT Monday, June 17, 2013

NEW YORK (Business Wire) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Intuitive Surgical, Inc. (“Intuitive” or the “Company”) (NasdaqGS: ISRG) stock between October 19, 2011 and April 18, 2013.

For more information, click here: http://zlk.9nl.com/intuitive-surgical-isrg/.

The complaint alleges that defendants made materially false and misleading statements concerning the safety and efficacy of the da Vinci Surgical System, a system that allows for laparoscopic surgery through the use of robotic manipulators. The complaint alleges that the true facts, concealed from the investing public, include the following: (a) that defects in the da Vinci system had caused a substantial number of patient injuries and deaths resulting in a substantial number of adverse incident reports; (b) that not all of the adverse incidents were reported to the FDA; and (c) that as a result of such adverse incidents, Intuitive exposed itself to potential civil liability and criminal sanctions.

On March 5, 2013, a news report indicated that numerous lawsuits have been filed against Intuitive. Then, on April 18, 2013, CNBC's Investigations, Inc. broadcast interviews with numerous doctors, lawyers, and patients who filed lawsuits against Intuitive. Upon this report, Intuitive shares fell $8.62 per share to close at $484.75 per share.

If you suffered a loss in Intuitive you have until June 25, 2013to 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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/intuitive-surgical-isrg/ .

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
jlevi@zlk.com
(877) 363-5972

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections