Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Masimo Corporation (MASI)

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI). The investigation concerns whether Masimo and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

[Click here to learn more about the investigation]

On May 7, 2024, Masimo disclosed that it had received a subpoena from the Department of Justice in February “seeking documents and information related to the Company’s Rad-G and Rad-97 products, including information relating to complaints surrounding the products and the Company’s decision to recall select Rad-G products in 2024.” On this news, the price of Masimo shares declined by $15.98 per share, or approximately 11.8%, from $136.00 on May 7, 2024 to close at $120.02 on May 8, 2024.

If you purchased or otherwise acquired Masimo securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at [e-mail], or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

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