Securities Class Actions

03/20/2014

da Vinci Surgical Robot Investor Lawsuit Alleges Misleading Statements by Intuitive Surgical

Da Vinci Robot Investor Class Action Lawsuit

A lawsuit in California claims Intuitive Surgical, Inc., the maker of the da Vinci Surgical System, misled shareholders about defects with the robotic device, which has been linked to over 70 deaths and numerous other injuries. The lawsuit, brought by the Public School Teachers’ Pension and Retirement Fund of Chicago, claims that Intuitive Surgical made false statements about the da Vinci system’s safety and misled shareholders about internally-known safety defects in the system that were injuring patients.  By concealing this information... Read More
03/12/2014

Fraud-on-the-Market Theory in Securities Class Actions Threatened

Securities Class Action Lawyers

The U.S. Supreme Court heard oral arguments in Halliburton Co v. Erica P. John Fund, Inc. last week, the case in which the Court has the opportunity to reverse or limit the 26-year old fraud-on-the-market doctrine adopted by the court in 1988. While the doctrine’s fate remains in question, the justices’ comments at the hearing indicate they are weighing options to make it more difficult for investors to sue. Class action litigation for stock fraud increased dramatically after the Court introduced... Read More