San Diego, CA -- (SBWire) -- 07/07/2021 --The Shareholders Foundation announced an update in the lawsuit that is pending for certain investors in shares of Merit Medical Systems, Inc. (NYSE: MMSI).
Investors who purchased a shares of Merit Medical Systems, Inc. (NYSE: MMSI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On December 3, 2019, a lawsuit was filed against Merit Medical Systems, Inc over alleged securities laws violations. The plaintiff claimed that between February 26, 2019 and October 30, 2019, the defendants failed to disclose that the integrations of Cianna and Vascular Insights, including their products, sales people, and R&D facilities, had caused operational disruptions and reduced sales and were months behind schedule, that sales of acquired company products had slowed substantially due to pre-acquisition pipeline fill, in particular for Vascular Insights products which, as late as July 2019, had zero orders during fiscal 2019, and that in light of the foregoing, the Company's reported financial guidance for fiscal 2019 and 2020 was made without a reasonable basis.
On June 30, 2020, a consolidated complaint was filed and on August 14, 2020, the defendants filed a Motion to Dismiss the consolidated Complaint.
On March 29, 2021, the Court issued an Order denying Defendants' Motion to Dismiss.
Those who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NYSE:MMSI Shareholder Notice: Update in Lawsuit Against Merit Medical Systems, Inc.
A lawsuit is pending for certain investors in Merit Medical Systems, Inc. (NYSE:MMSI) shares and NYSE:MMSI investors should contact the Shareholders Foundation.