IMPORTANT MAZOR ROBOTICS LIMITED INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York

Lead Plaintiff Deadline is August 8, 2017


NEW YORK, June 13, 2017 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces the filing of a class action lawsuit in United States District Court for the Southern District of New York on behalf of purchasers of the American Depositary Receipts (“ADR’s”) of Mazor Robotics Limited (“Mazor”) (NASDAQ:MZOR) from November 8, 2016 through June 8, 2017, both dates inclusive (the “Class Period”).

Investors who have incurred losses in the ADR’s of Mazor Robotics Limited are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you have purchased Mazor Robotics Limited ADR’s and would like to assist with the litigation process as a lead plaintiff, you may, no later than August 8, 2017, request that the Court appoint you lead plaintiff of the proposed class.

According to the filed complaint, throughout the Class Period defendants issued false and misleading statements to investors and/or failed to disclose that:

  • Mazor was engaged in conduct that subjected it to ISA investigation;
     
  • as such, Mazor was exposed to potential liability; and
     
  • as a result, defendants’ statements about Mazor’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company might have conducted activities that prompted an investigation by the Israeli Securities Authority (“ISA”). Specifically, on June 8, 2017, the Company announced that the ISA searched the offices of the Company in May 2017 in connection with an ongoing investigation. The company announced that it has not been informed of the nature of the investigation.

After the announcement, Mazor fell $6.78 per ADR from $37.37 per ADR on June 7, 2017 to a closing price of $30.59 on June 9, 2017.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

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