Merit Medical Systems, Inc.
Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Merit Medical Systems, Inc. (“Merit” or the “Company”) (NASDAQ: MMSI) resulting from allegations that Merit might have issued misleading information to the investing public.
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New York, New York — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Merit Medical Systems, Inc. (“Merit” or the “Company”) (NASDAQ: MMSI) resulting from allegations that Merit might have issued misleading information to the investing public.
Following the market close on July 25, 2019, Merit announced its financial and operating results for the second quarter of 2019. The Company’s net income was $6.9 million, or $0.12 per share, compared to $10.9 million, or $0.21 per share for the same period in the previous year. Merit’s Chairman and Chief Executive Officer cited “a number of factors affecting revenues and gross margins during the second quarter,” including “foreign exchange [and] slower than anticipated conversion and uptake of acquired products.
On this news, the Company’s stock price fell approximately $13.84 per share, or 25.24%, to close at $41.00 on July 26, 2019
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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