BOCA RATON, FL -- (Marketwire) -- 06/08/12 -- Saxena White P.A. has filed a class action lawsuit in the United States District Court for the Southern District of Florida on behalf of all investors who purchased MAKO Surgical Corp. ("MAKO" or the "Company") (NASDAQ: MAKO) common stock during the period between January 9, 2012 and May 7, 2012.
MAKO is a medical device company that primarily markets the RIO Robotic Arm Interactive Orthopedic system and MAKOplasty applications (collectively, the "RIO system") for minimally invasive orthopedic procedures. The Complaint alleges that the defendants misrepresented or failed to disclose that: (a) the Company was poised to suffer a larger first-quarter loss due to higher costs and slower sales of its RIO systems; (b) utilization rates were declining for the Company's RIO systems; (c) the Company's 2012 outlook, provided at the start of the Class Period, lacked a reasonable basis when made; and (d), based on the foregoing, defendants' positive statements about the Company or its outlook lacked a reasonable basis.
You may obtain a copy of the complaint and join the class action at www.saxenawhite.com. If you purchased MAKO stock between January 9, 2012 and May 7, 2012, inclusive, you may contact Joe White or Marc Grobler at Saxena White P.A. to discuss your rights and interests.
Saxena White P.A., which has offices in Boca Raton and Boston, specializes in prosecuting securities fraud and complex class actions on behalf of institutions and individuals. Currently serving as lead counsel in numerous securities fraud class actions nationwide, the firm has recovered hundreds of millions of dollars on behalf of injured investors and is active in major litigation pending in federal and state courts throughout the United States.