TRANSENTERIX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in ...
15 Julio 2016 - 9:07PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until August 1, 2016 to file lead
plaintiff applications in a securities class action lawsuit against
TransEnterix, Inc. (NYSE MKT: TRXC), if they purchased the
Company’s securities between February 10, 2016 and May 10, 2016,
inclusive (the “Class Period”). This action is pending in the
United States District Court for the Eastern District of North
Carolina.
What You May Do
If you purchased shares of TransEnterix and would like to
discuss your legal rights and how this case might affect you and
your right to recover for your economic loss, you may, without
obligation or cost to you, call toll-free at 1-877-515-1850 or
email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by August 1, 2016.
About the Lawsuit
TransEnterix and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) there were deficiencies
with TransEnterix’s 510(k) application to the Food and Drug
Administration (“FDA”) regarding its SurgiBot System, a
single-port, robotically enhanced laparoscopic surgical platform,
that undermined the likelihood that the SurgiBot would receive FDA
clearance; (ii) as a result, TransEnterix would be unable to
commercialize the SurgiBot in 2016; and (iii) consequently,
TransEnterix’s ability to obtain approval for and commercialize its
other robotic surgery platform in the U.S. would be impaired.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160715005024/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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