NAPLES, Fla., Sept. 9, 2015 (GLOBE NEWSWIRE) -- Gilman Law LLP announces that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts against ConforMIS, Inc. ("ConforMIS" or the "Company") (Nasdaq:CFMS) and certain of its officers for alleged violations of the federal securities laws under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
The Complaint was brought on behalf of a class of shareholders who purchased ConforMIS common stock pursuant to the Company's Registration Statement and Prospectus issued in connection with the Company's initial public offering ("IPO") on or about July 1, 2015, or on the open market between July 1, 2015 and August 28, 2015, and alleges that the Defendants made false and/or misleading statements, and failed to disclose material adverse facts regarding the Company's business, operational and compliance policies in connection with the IPO and in filings with the SEC. Specifically, the Complaint asserts that the Defendants violated the Securities Act and the Exchange Act by making false and/or misleading statements and/or failing to disclose that: (i) the Company's manufacturing processes were flawed; (ii) as a result of the flaws in the Company's manufacturing process, a number of the Company's knee replacement product systems were defective; and (iii) as a result of the foregoing, ConforMIS' public statements were materially false and misleading.
ConforMIS, headquartered in Bedford, Massachusetts, is a medical technology company that develops, manufactures, and sells customized joint replacement implants.
If you are an investor who purchased ConforMIS common stock pursuant to or in connection with the IPO or thereafter until August 28, 2015, and suffered a loss then please contact Gilman Law LLP today, at 1-888-252-0048 or www.investment-losses.com, to ensure your legal rights are not forfeited.
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Gilman Law LLP, a leading financial law firm, has been recognized for delivering successful results to their clients across a broad range of claims stemming from securities class actions and derivative actions. For over 35 years, the Gilman Law LLP team of highly experienced lawyers has earned renown for tireless work on behalf of their clients on many of today's most challenging and important legal issues.
CONTACT: Kenneth G. Gilman 1-888-252-0048
Source:Gilman Law, LLP