On or around 09/18/2020 (Date of last review)
Filing Date: August 19, 2020
According to the Plaintiff's law firm press release, Staar Surgical Company has recently emphasized its revenue, sales growth, and market share in the Chinese market. STAAR attributed its success to its strategic partnerships, including with its customer AIER, a Chinese ophthalmology hospital group.
The Complaint alleges that during the Class Period, Defendants misrepresented and/or failed to disclose to investors that the Company was overstating and/or mischaracterizing: (1) its sales and growth in China; (2) its marketing spend; (3) its research and development expenses; and that as a result of the foregoing, (4) Defendants’ public statements were materially false and misleading at all relevant times.
On September 11, 2020, the Court issued an Order consolidating actions.
Company & Securities Information
Defendant: Staar Surgical Company
Industry: Medical Equipment & Supplies
Headquarters: United States
Ticker Symbol: STAA
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
Nawaf Alwazzan, et al. v. Staar Surgical Company, et al.
COURT: C.D. California
DOCKET #: 20-CV-01533
JUDGE: Hon. James V. Selna
DATE FILED: 08/19/2020
CLASS PERIOD START: 02/26/2020
CLASS PERIOD END: 08/10/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Block & Leviton LLP (Boston)
First Identified Complaint (FIC) Filings:
Complaint for Violations of the Federal Securities Laws; Class Action
Order Consolidating Actions
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available