A securities class action has been filed against Masimo Corporation (MASI) on behalf of all investors who purchased or otherwise acquired Masimo common stock between February 28, 2023 through July 17, 2023.  This case has been filed in the USDC – S.D.CA.

The complaint alleges the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Masimo released its preliminary financial results for the second quarter of 2023 on July 17, 2023. The Company attempted to explain its results by claiming that, “large orders that were anticipated for the second quarter were delayed to the second half of the year” and that “single-patient use sensor sales were down due to . . . elevated sensor inventory levels at some customers.” Based on this news, shares of Masimo fell by 20% on July 18, 2023.