The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of TransEnterix, Inc. Investor...
19 Julio 2016 - 9:30AM
Business Wire
Law Offices of Howard G. Smith announces that a class
action lawsuit has been filed on behalf of investors who purchased
TransEnterix, Inc. (“TransEnterix” or the “Company”) (NYSE: TRXC)
securities between February 10, 2016 and May 10, 2016,
inclusive (the “Class Period”). TransEnterix investors have
until August 1, 2016 to file a lead plaintiff
motion.
Investors suffering losses on their TransEnterix investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email
to howardsmith@howardsmithlaw.com.
On April 20, 2016, TransEnterix disclosed that its SurgiBot
System failed to meet the United States Food and Drug
Administration’s (the “FDA”) standards for substantial equivalence
based upon the data and information TransEnterix submitted in its
510(k) filing.
The Complaint alleges that throughout the Class Period,
Defendants made materially false and misleading statements
regarding the Company's business, operational and compliance
policies. Specifically, Defendants made false and/or misleading
statements and/or failed to disclose that: there were deficiencies
within the Company's 510(k) submission regarding the SurgiBot that
undermined the likelihood that the SurgiBot would receive FDA
clearance, which would leave the Company unable to commercialize
the SurgiBot in 2016 and would impair the Company's ability to
obtain approval for and commercialize its other robotic surgery
platform in the United States.
If you purchased shares of TransEnterix during the Class Period
you may move the Court no later than August 1,
2016 to ask the Court to appoint you as lead plaintiff if
you meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160719005369/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
TransEnterix (AMEX:TRXC)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
TransEnterix (AMEX:TRXC)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024