October 04, 2018
A California federal judge on Thursday preliminarily approved Intuitive Surgical Inc.'s $42.5 million settlement with shareholders who sued over its da Vinci robotic surgery systems' safety, a deal with a 19 percent attorneys' fee cut that discounts the $20 million in billable time the investors' lawyers racked up.
September 12, 2018
A class of investors in Intuitive Surgical Inc. told a California federal court on Tuesday that it has reached a $42.5 million settlement with the biomedical company over allegations that it misled shareholders about the safety of its "da Vinci" robotic surgery.
March 26, 2018
The investors suing Intuitive Surgical Inc. for allegedly misleading its shareholders about the safety of its "da Vinci" robotic surgery system have pushed back against a victory bid from the company and its executives, telling a California federal court on Friday that their arguments about loss causation and materiality fall short.
October 02, 2017
A California federal judge on Friday kept alive a proposed class action claiming Intuitive Surgical Inc. made misrepresentations about the safety of its robotic surgical equipment that caused the stock to drop, saying investors sufficiently alleged the company excluded material facts.
November 17, 2016
Intuitive Surgical Inc. has urged a California federal judge to toss class allegations that it lied about a defect in its robotic surgical equipment, saying the investors' Labaton Sucharow LLP lawyers used disavowed confidential witness statements in the complaint.
August 22, 2014
A California federal judge on Thursday trimmed claims alleging Intuitive Surgical Inc. made false financial reports amid a defect in its robotic surgical equipment, ruling such forward-looking statements are typically included in securities filings while preserving other claims alleging securities fraud.