November 16, 2021
Medical device maker Ra Medical Systems Inc. will pay $10 million to settle a shareholder suit accusing the company of misleading investors about its ability to manage a larger sales force in the lead-up to an initial public offering.
August 12, 2019
Glancy Prongay & Murray LLP asked Friday to be appointed lead counsel in a shareholder suit accusing a medical device manufacturer of issuing misleading statements in the lead-up to an initial public offering about its ability to manage a larger sales force.
June 11, 2019
A shareholder has sued a medical device manufacturer in a proposed class action in California federal court, claiming the company misled investors at its initial public offering about its ability to manage a larger sales force and update its manufacturing facilities, leading to its stock price dropping by a third.