Merit Medical Announces Agreement in Principle to Settle Class Action Litigation
Merit Medical Systems, Inc. (MMSI)
Last merit medical systems, inc. earnings: 4/23 04:01 pm
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Source: GlobeNewswire
SOUTH JORDAN, Utah, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy, announced today that it has reached an agreement in principle to settle the securities class action lawsuit against Merit and its Chief Executive Officer and Chief Financial Officer currently pending in the United States District Court for the Central District of California. The lawsuit was filed in June 2020 after Merit’s stock price declined following disclosures made by Merit with respect to its operating and financial performance during 2019. The settlement was reached following a voluntary mediation process. “We are pleased to resolve this matter and put it behind us in order to focus our attention on the continued growth and development of our business,” said Fred P. Lampro
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MMSI
News
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- Merit Medical Systems, Inc. (NASDAQ: MMSI) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $98.00 price target on the stock.MarketBeat
- Merit Medical Systems, Inc. (NASDAQ: MMSI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
MMSI
Earnings
- 2/28/24 - Beat
MMSI
Sec Filings
- 4/2/24 - Form ARS/A
- 4/2/24 - Form ARS
- 4/2/24 - Form DEFA14A
- MMSI's page on the SEC website