RADNOR, Pa.--(BUSINESS WIRE)--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Cutera, Inc. (NASDAQ: CUTR) (“Cutera”).
On April 12, 2023, Cutera announced the termination of its Executive Chairman and CEO for cause, on the recommendation of a special committee and the majority of its board of directors. Following this news, Cutera’s stock price fell over 27%, closing at $19.44 on April 12, compared to its close of $27.07 on April 11, 2023.
Then, after trading hours on April 18, 2023, in response to the April 12, 2023, press release by Cutera’s special committee, two Cutera directors (including the founder and CIO of hedge fund Voce Capital Management LLC) - who together own approximately 7.0% of Cutera’s outstanding shares - issued a statement indicating that Cutera’s April 12, 2023 press release “contains numerous misleading, incomplete and untrue statements.” Following this news, Cutera’s stock price fell and continued to fall in the subsequent trading days, to close at $22.29 on April 21, 2023.
If you are a Cutera investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at firstname.lastname@example.org. You can also click on the following link or paste it in your browser: https://www.ktmc.com/cutera-inc-investigation?utm_source=PR&utm_medium=link&utm_campaign=cutr&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.