An investor in shares of Mazor Robotics Ltd – ADR (NASDAQ:MZOR), filed a lawsuit over alleged violations of Federal Securities Laws by Mazor Robotics Ltd.
Investors who purchased shares of Mazor Robotics Ltd – ADR (NASDAQ:MZOR) have certain options and for certain investors are short and strict deadlines running. Deadline: August 8, 2017. NASDAQ:MZOR investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Mazor Robotics Ltd – ADR (NASDAQ:MZOR) common shares between November 8, 2016 and June 8, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 8, 2016 and June 8, 2017, the defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose, that the Company was engaged in conduct that subjected it to ISA investigation, that, as such the Company was exposed to potential liability, and that, as a result of the foregoing, Defendants’ statements about Mazor’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Israel based Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. Mazor Robotics Ltd reported that its annual Total Revenue rose from $26.10 million in 2015 to $36.38 million in 2016 and that its Net Loss increased from $15.38 million in 2015 to $18.67 million in 2016. Shares of Mazor Robotics Ltd – ADR (NASDAQ:MZOR) grew from $10.35 per share in May 2015 to as high as $42.95 per share in May 2017.
On June 8, 2017, Mazor Robotics Ltd “announced that in May 2017, the Israeli Securities Authority (the “ISA”) conducted a search at the offices of Mazor and also questioned certain officers in connection with an investigation held by the ISA.” Shares of Mazor Robotics Ltd – ADR (NASDAQ:MZOR) declined on June 9, 2017 to $29.57 per share.
Those who purchased shares of Mazor Robotics Ltd – ADR (NASDAQ:MZOR) have certain options and should contact the Shareholders Foundation.
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