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Restoration Robotics, Inc.

Case Summary

Restoration Robotics, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 10/18/2019 (Date of last review)

Filing Date: June 21, 2018

According to the Complaint, the Company describes itself as “developing and commercializing a robotic device, the ARTAS System that assists physicians in performing many of the repetitive tasks that are a part of a follicular unit extraction surgery, a type of hair restoration procedure.”

The Complaint alleges that Restoration Robotics negligently issued untrue statements of material facts in, and omitted to state material facts required to be stated from, the Offering Materials issued in connection with the Initial Public Offering. The Complaint further alleges that as a result of the materially misleading Offering Materials, the Company’s stock price was artificially inflated at the time of the IPO.

On October 2, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. The consolidated cases shall be captioned "In re Restoration Robotics, Inc. Securities Litigation." On November 30, Lead Plaintiff filed a consolidated amended Complaint. Defendants filed a Motion to Dismiss the consolidated amended Complaint on January 29, 2019. On October 18, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.

Company & Securities Information

Defendant: Restoration Robotics, Inc.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HAIR
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Edgardo Guerrini, et al. v. Restoration Robotics, Inc., et al.

COURT: N.D. California
DOCKET #: 18-CV-03712
JUDGE: Hon. Edward J. Davila
DATE FILED: 06/21/2018
CLASS PERIOD START: 10/12/2017
CLASS PERIOD END: 10/16/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky (San Francisco)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violations of the Federal Securities Laws 06/21/2018
2 Related Case Order 07/24/2018
3 U.S. District Court Civil Docket 10/02/2018
4 Order Granting Motion of Edgardo Guerrini for: (1) Consolidation of Related Actions; (2) Appointment as Lead Plaintiff; and (3) Approval of Lead Counsel 10/02/2018

Reference Complaint

In re Restoration Robotics, Inc. Securities Litigation

COURT: N.D. California
DOCKET #: 18-CV-03712
JUDGE: Hon. Edward J. Davila
DATE FILED: 11/30/2018
CLASS PERIOD START: 10/12/2017
CLASS PERIOD END: 10/16/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky (San Francisco)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Consolidated Amended Complaint for Violations of the Federal Securities Laws 11/30/2018
2 Related Case Order 08/21/2019
3 U.S. District Court Civil Docket 10/18/2019
4 Order Granting in Part and Denying in Part Defendants' Motion to Dismiss; Granting Defendants' Joinder Motions 10/18/2019

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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