Key Developments: Intuitive Surgical Inc (ISRG.O)
510.00USD
19 Jun 2013
$0.39 (+0.08%)
$509.61
$510.50
$516.07
$508.51
280,976
368,478
$585.67
$455.18
Latest Key Developments (Source: Significant Developments)
Intuitive Surgical Inc Sees FY 2013 Revenue Guidance Towards Higher End Of Prior Range-Conference Call
Intuitive Surgical Inc announced that as it look forward into 2013 guidance on the revenue line would be the Company's expectations to grow at a rate of between 16% and 19% off fiscal 2012 level for fiscal 2013. Possibly head towards the higher end of that range. The Company reported revenue of $2.179 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $2.955 billion for fiscal 2013. Full Article
Pomerantz Law Firm Reminds Shareholders With Losses On Their Investment In Intuitive Surgical Inc. Of Class Action Lawsuit And Upcoming Deadline
Pomerantz Grossman Hufford Dahlstrom & Gross LLP announced that it has filed a class action lawsuit against Intuitive Surgical, Inc. (Intuitive or the Company) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 13-CV-002365, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Intuitive between October 19, 2011 and April 18, 2013 both dates inclusive (the Class Period). This class action seeks to recover damages against the Company and certain of its officers and directors as a result of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Full Article
Bernstein Liebhard LLP Announces Class Action Against Intuitive Surgical Inc
Bernstein Liebhard LLP announced that a class action has been commenced in the United States District Court for the Northern District of California on behalf of all those who purchased shares of Intuitive Surgical Inc (Intuitive or the Company) between October 19, 2011 and April 18, 2013, inclusive (the Class Period). The complaint charges Intuitive and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Intuitive manufactures robotic surgical systems, most notably the da Vinci Surgical System, which allows laparoscopic surgery to be performed remotely using robotic manipulators. The complaint alleges that throughout the Class Period, defendants issued a series of materially false and misleading statements highlighting the purported safety and effectiveness of the da Vinci Surgical System, while also announcing quarter after quarter of record financial results. As a result of defendants' efforts to conceal significant safety and efficacy problems with the da Vinci Surgical System and their false statements concerning the Company's business metrics and financial prospects, Intuitive stock traded at artificially inflated prices during the Class Period, reaching a Class Period high of nearly $595 per share in intraday trading on April 18, 2012. Full Article
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Intuitive Surgical Inc
Glancy Binkow & Goldberg LLP, representing investors of Intuitive Surgical Inc,, announced that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of a class (the Class) comprising all purchasers of Intuitive common stock between October 19, 2011 and April 18, 2013, inclusive (the Class Period). The Complaint alleges that defendants misrepresented or failed to disclose material adverse facts about the da Vinci system, including that: (1) defects in the system had caused a substantial number of patient injuries resulting in adverse incident reports prior to and during the Class Period; (2) not all of these adverse incident reports were being reported to the U.S. Food and Drug Administration (FDA), exposing the Company to significant regulatory risk and potential criminal sanctions; (3) Intuitive knew there was a substantial risk that the FDA might limit or restrict sales and marketing of the system; (4) Intuitive was engaging in sales practices that violated community standards and their own protocol agreed upon with the FDA; (5) Intuitive was exposed to substantial potential civil liability to injured and deceased patients and their families; (6) Intuitive failed to properly reserve for potential civil liability. Full Article
Pomerantz Law Firm Files Class Action Against Intuitive Surgical Inc And Certain Officers
Pomerantz Grossman Hufford Dahlstrom & Gross LLP announced that it has filed a class action lawsuit against Intuitive Surgical Inc and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 13-CV-002365, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Intuitive between October 19, 2011 and April 18, 2013 both dates inclusive (the Class Period). The Complaint alleges that throughout the Class Period, defendants issued a series of materially false and misleading statements highlighting the purported safety and effectiveness of the Company's da Vinci Surgical System, while concomitantly announcing quarter after quarter of record financial results. As a result of defendants' efforts to conceal significant safety and efficacy problems with the da Vinci Surgical System - which were exacerbated by the Company's questionable sales practices - and false statements concerning the Company's business metrics and financial prospects, Intuitive stock traded at artificially inflated prices during the Class Period, reaching a Class Period high of nearly $595 per share in intraday trading by April 18, 2012. Full Article
Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuitive Surgical Inc
Pomerantz Grossman Hufford Dahlstrom & Gross LLP announced that it is investigating claims on behalf of investors of Intuitive Surgical Inc who purchased Intuitive Surgical common stock between October 19, 2011 and April 18, 2013 (the Class Period). Full Article
Lieff Cabraser Announces Class Action Litigation Against Intuitive Surgical Inc
The law firm of Lieff Cabraser Heimann & Bernstein, LLP announced that class action litigation has been brought on behalf of all persons who purchased or otherwise acquired the securities of Intuitive Surgical Inc between October 19, 2011 and April 18, 2013, inclusive (the "Class Period"). Full Article
Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Intuitive Surgical Inc
Ryan & Maniskas, LLP announced that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of purchasers of the securities of Intuitive Surgical Inc (Intuitive Surgical or the Company), who purchased or otherwise acquired Intuitive Surgical securities between October 19, 2011, and April 18, 2013, inclusive (Class Period). The complaint alleges that throughout the Class Period, defendants issued a series of materially false and misleading statements highlighting the purported safety and effectiveness of the da Vinci Surgical System, while at the same time announcing quarter after quarter of record financial results. As a result of defendants' efforts to conceal significant safety and efficacy problems with the da Vinci Surgical System and their false statements concerning the Company's business metrics and financial prospects, Intuitive stock traded at artificially inflated prices during the Class Period, reaching a Class Period high of nearly $595 per share in intraday trading by April 18, 2012. Full Article
Briscoe Law and Powers Taylor Investigate Possible Breaches Of Fiduciary Duty By Officers And Directors Of Intuitive Surgical Inc
The Briscoe Law Firm, PLLC, and Powers Taylor, LLP announced that a federal class action lawsuit has been filed against Intuitive Surgical, Inc (Intuitive or Company). The firms are investigating additional legal claims against the officers and Board of Directors of Intuitive during the period of October 19, 2011 and April 18, 2013 (the Class Period). Full Article
Faruqi & Faruqi, LLP Announces Investigation Of Potential Securities Fraud At Intuitive Surgical Inc
Faruqi & Faruqi, LLP announced that it is investigating potential securities fraud at Intuitive Surgical Inc. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that defects in the da Vinci Surgical System had caused a substantial number of patient injuries, not all of which were being reported to the FDA, and that Intuitive was engaging in sales practices that violated community standards and their own protocol agreed upon with the FDA. Full Article
Intuitive Surgical narrows 2013 forecast, shares fall
- Intuitive Surgical Inc on Thursday narrowed its 2013 forecasts for growth of revenue and procedures using its da Vinci surgical robots rather than raising them as it often does when reporting quarterly results, and its shares fell.
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