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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 3, 2020 to file lead plaintiff applications in a securities class action lawsuit against Merit Medical Systems, Inc. (NasdaqGS: MMSI).
Merit Medical and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 30, 2019, post market close, the Company announced its 3Q2019 financial results, including non-GAAP EPS of $0.28, well below consensus estimates of $0.45; deep cuts to FY2019 guidance; that it was “pulling 2020 guidance off the table” and other significant operational problems, many of which were due to the Company’s “own overestimation and forecasting.”
On this news, the price of Merit Medical’s shares plummeted more than 29%, from a close of $29.11 per share on October 30, 2019, to a close of $20.66 per share on October 31, 2019.
If you purchased shares of Merit Medical 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, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Bucks County Employees Retirement Fund v. Merit Medical Systems, Inc., et al., 19-cv-02326. Click here to read the case complaint.