{"id":787476,"date":"2023-10-02T15:39:12","date_gmt":"2023-10-02T19:39:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/"},"modified":"2023-10-02T15:39:12","modified_gmt":"2023-10-02T19:39:12","slug":"shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/","title":{"rendered":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Oct.  02, 2023  (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of <strong>Masimo Corporation.<\/strong><\/p>\n<p>Shareholders who purchased shares of MASI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n<p align=\"center\">CONTACT US HERE:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=itD0vqlBcaC1UWdz_0KkIdwughwDHlmJeKR36mbve99moNcroUVa8PusdhLqggyn3Psr43VaYMMgbIkLjMZ_TiStdVoliaA1fV_AYcdU-AmG2e7xuoR9VbtVIXnhmhMasj-C_PKKevjOKSRq9omlJ0JDIdwBIBHZpW6wMeVBkjD3J8_pebqm59CyG6b6ygnH8G6SgUvQUV-JXfNa56oKrdsoaGzbI0Dnq4zdTZ0al3C6HE-34NHFVx8AyZ9tAd9VyJ5LnIk-mL0fPcVOUtBbwg==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/masimo-loss-submission-form\/?id=50076&amp;from=3<\/a>\n      <\/p>\n<p>\n        <strong>CLASS PERIOD: <\/strong>February 28, 2023 to July 17, 2023<\/p>\n<p>\n        <strong>ALLEGATIONS: <\/strong>According to the complaint, defendants provided investors with material information concerning Masimo\u2019s revenue and sales for the second quarter of fiscal 2023 and expected revenue for the full-year 2023. Defendants\u2019 statements included, among other things, Masimo\u2019s ability to deliver clinically proven new products to the healthcare markets thereby supporting defendants\u2019 decision to forecast revenue of $550 million to $565 million for the quarter and increase its earnings-per-share estimates to between $3.59 per share and $3.69 per share. Defendants\u2019 statements in this regard prompted an immediate and dramatic increase in the price of Masimo\u2019s common stock. From a closing price of $167.31 per share on February 28, 2023 at the start of the Class Period, Masimo\u2019s stock price climbed to $184.97 per share the following day on March 1, 2023 on unusually high volume. Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and\/or concealing material adverse facts. On July 17, 2023 Masimo issued a press release announcing its second quarter 2023 earnings. Defendants announced lower than expected revenue for the second quarter of fiscal 2023 and preliminarily decreased full-year revenue estimates for both healthcare and non-healthcare segments. On this news, the price of Masimo\u2019s common stock declined dramatically. From a closing market price of $147.16 per share on July 17, 2023, Masimo\u2019s stock price fell to $117.73 per share on July 18, 2023, a decline of nearly 20% in the span of just a single day.<\/p>\n<p>\n        <strong>DEADLINE: October 23, 2023<\/strong> Shareholders should not delay in registering for this class action. Register your information here: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=itD0vqlBcaC1UWdz_0KkIdwughwDHlmJeKR36mbve99moNcroUVa8PusdhLqggyn3Psr43VaYMMgbIkLjMZ_TiStdVoliaA1fV_AYcdU-AmG2e7xuoR9VbtVIXnhmhMaXlcclvaDKpSAGCtqhqmBdTixElWw-DZdGaM8XywDUGDBfZMalXW2ZjodDXAWNtK36IDSg3rs3SZIFHfbFW8Ov3s7n0B_7ysYG86Xxo6YhTk-PXK9tAjYUg0rcY1O7idhB9o-ehMUgNRAWpNXUgGaTA==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/masimo-loss-submission-form\/?id=50076&amp;from=3<\/a>\u00a0<\/p>\n<p>\n        <strong>NEXT STEPS FOR SHAREHOLDERS: <\/strong>Once you register as a shareholder who purchased shares of MASI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is October 23, 2023. There is no cost or obligation to you to participate in this case.<\/p>\n<p>\n        <strong>WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/>New York, NY, 10018<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ba2y5Yi6hh7YPOB8lk_1kvub0ifvNLQ1fyQ-6oVv-vPrINaW96ItVvC4YSIUTRFjcQK6nAhTa9mNHYhwqnQ81_sCJbW4VtMPQCwMSRZpXf01GOsugU2jM4BcIl-C9got\" rel=\"nofollow noopener\" target=\"_blank\">dg@securitiesclasslaw.com<\/a>\u00a0<br \/>Phone: (646) 453-8903<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTI4NCM1ODQwMzQyIzIyNTg5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/M2FiNDRlMzQtNzlkNy00NjljLTgyYWUtZGFjMTdmMmM1YzM1LTEyNzA0Njc=\/tiny\/The-Gross-Law-Firm.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Masimo Corporation. Shareholders who purchased shares of MASI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/masimo-loss-submission-form\/?id=50076&amp;from=3 CLASS PERIOD: February 28, 2023 to July 17, 2023 ALLEGATIONS: According to the complaint, defendants provided investors with material information concerning Masimo\u2019s revenue and sales for the second quarter of fiscal 2023 and expected revenue for the full-year 2023. Defendants\u2019 statements included, among other things, Masimo\u2019s ability to deliver clinically proven new products to the healthcare markets thereby supporting defendants\u2019 decision &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787476","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Masimo Corporation. Shareholders who purchased shares of MASI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/masimo-loss-submission-form\/?id=50076&amp;from=3 CLASS PERIOD: February 28, 2023 to July 17, 2023 ALLEGATIONS: According to the complaint, defendants provided investors with material information concerning Masimo\u2019s revenue and sales for the second quarter of fiscal 2023 and expected revenue for the full-year 2023. Defendants\u2019 statements included, among other things, Masimo\u2019s ability to deliver clinically proven new products to the healthcare markets thereby supporting defendants\u2019 decision &hellip; Continue reading &quot;SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T19:39:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTI4NCM1ODQwMzQyIzIyNTg5MTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI)\",\"datePublished\":\"2023-10-02T19:39:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\\\/\"},\"wordCount\":536,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkzMTI4NCM1ODQwMzQyIzIyNTg5MTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\\\/\",\"name\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI) - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI) - Market Newsdesk","og_description":"NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Masimo Corporation. Shareholders who purchased shares of MASI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/masimo-loss-submission-form\/?id=50076&amp;from=3 CLASS PERIOD: February 28, 2023 to July 17, 2023 ALLEGATIONS: According to the complaint, defendants provided investors with material information concerning Masimo\u2019s revenue and sales for the second quarter of fiscal 2023 and expected revenue for the full-year 2023. Defendants\u2019 statements included, among other things, Masimo\u2019s ability to deliver clinically proven new products to the healthcare markets thereby supporting defendants\u2019 decision &hellip; Continue reading \"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-02T19:39:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTI4NCM1ODQwMzQyIzIyNTg5MTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI)","datePublished":"2023-10-02T19:39:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/"},"wordCount":536,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTI4NCM1ODQwMzQyIzIyNTg5MTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-masimo-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-23-2023-nasdaq-masi-6\/","name":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Masimo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 \u2013 (NASDAQ: MASI) - 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