SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Merit Medical Systems, Inc. Investors (MMSI)
[January 13, 2020]

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Merit Medical Systems, Inc. Investors (MMSI)


The Law Offices of Frank R. Cruz announces an investigation on behalf of Merit Medical Systems, Inc. ("Merit" or the "Company") (NASDAQ: MMSI) investors concerning the Company and its officers' possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On July 25, 2019, post-market, the Company announced disappointing financial results for second quarter 201, reporting net income of $6.9 million, or $0.12 per share, compared to $10.9 million, or $0.21 per share for the same period in the prior year. Merit's Chief Executive Officer cited "a number of factors affecting revenues and gross margins during the second quarter," including "foreign exchange [and] slower than anticipated conversion and uptake of acquired products."



On this news, the Company's stock price fell $13.84, or over 25%, to close at $41.00 on July 26, 2019, thereby injuring investors.

On October 30, 2019, the Company announced its third quarter 2019 financial results, lowered revenue guidance for fiscal 2019, and eliminated previously issued guidance for fiscal 2020.


On this news, the Company's stock price fell as much as $9.14, or over 31%, during intraday trading on October 31, 2019, thereby injuring investors further.

Follow us for updates on Twitter (News - Alert): twitter.com/FRC_LAW.

If you purchased Merit securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

2 Trap Falls Road Suite 106, Shelton, CT 06484 USA
Ph: +1-203-852-6800, 800-243-6002

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2020 Technology Marketing Corporation. All rights reserved | Privacy Policy