LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the August 9, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Mazor Robotics, Ltd. (“Mazor” or the “Company”) (NASDAQ: MZOR) securities between November 8, 2016 and June 8, 2017, inclusive (the “Class Period”). Mazor investors have until August 9, 2017 to file a lead plaintiff motion in this class action. To obtain information or participate in the class action, please visit the Mazor page on our website at www.glancylaw.com/case/mazor-robotics-ltd.
On June 8, 2017, the Company disclosed that in May 2017, the Israeli Securities Authority (the “ISA”) conducted a search at the offices of Mazor and questioned certain officers in connection with an investigation held by the ISA.
On this news, the Company’s American Depository Share (“ADS” or “share”) price fell $3.70 per share, or 9.9%, to close at $33.67 per share on June 8, 2017. The next day, the share price continued to decline, falling another $3.08 per share, or 9.1%, to close at $30.59 per share on June 9, 2017.
The complaint filed in this class action lawsuit alleges that throughout the Class Period, 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: (1) that the Company was engaged in conduct that subjected it to ISA investigation; (2) that, as such the Company was exposed to potential liability; and (3) 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.
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If you purchased or otherwise acquired Mazor securities during the Class Period you may move the Court no later than August 9, 2017 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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