NEW YORK, Sept. 11, 2015 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of all persons or entities who purchased ConforMIS, Inc. (“ConforMIS” or the “Company”) (Nasdaq:CFMS) securities pursuant and/or traceable to the ConforMIS’s Registration Statement and Prospectus issued in connection with the ConforMIS’s initial public offering on or about July 1, 2015; and/or on the open market between July 1, 2015 and August 28, 2015, both dates inclusive (the “Class Period”). The Complaint charges the Company and certain of its officers and directors with violations of the federal securities laws.
The Complaint alleges Defendants issued materially false and misleading statements and/or omitted material information, including that: (i) the Company’s manufacturing processes were flawed; (ii) due to 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, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you wish to serve as lead plaintiff, you must move the Court no later than November 2, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.
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