NEW YORK, Oct. 15, 2015 /PRNewswire/ -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased ConforMIS Inc. (NASDAQGS: CFMS) securities pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company's Initial Public Offering, or between July 1, 2015 and August 28, 2015.
Click here to learn about the case: http://docs.wongesq.com/CFMS-Info-Request-Form-923. There is no cost or obligation to you.
The Complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company's manufacturing processes were flawed; (ii) that as a result of the flaws in the Company's manufacturing process, a number of the Company's knee replacement product systems were defective; and (iii) as a result of the foregoing, ConforMIS's public statements were materially false and misleading at all relevant times.
On August 31, 2015 the Company announced that it had initiated a voluntary recall of specific serial numbers of patient-specific instrumentation for certain of its knee replacement product systems, in response to complaints of moisture on the patient-specific instrumentation. On this news, the Company's stock dropped $3.78, or 19.11%, to close at $16.00 on August 31, 2015.
If you suffered a loss in ConforMIS you have until November 2, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/CFMS-Info-Request-Form-923.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
E-Mail: [email protected]
SOURCE The Law Offices of Vincent Wong