NEW YORK, July 19, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Intuitive Surgical, Inc. ("Intuitive Surgical" or the "Company") (NASDAQ: ISRG).
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The investigation focuses on whether Intuitive Surgical and certain of its executives and/or directors violated federal securities laws.
On July 18, 2013, Intuitive Surgical cut its revenue guidance for 2013 in response to increasing concerns about its da Vinci surgical robot systems. The Company now sees sales growth in a range of 0% to 7%, down from its previous guidance range of 16% to 19%. After the market closed that day, in a conference call to investors, Gary S. Guthart, President and Chief Executive Officer of Intuitive Surgical, also announced that the Federal Drug Administration sent a warning letter regarding its previous onsite audit, asking for additional steps to resolve two of the four observations it made.
Following this news, the Company's stock dropped $28.80 or 6.83%.
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If you invested in Intuitive Surgical stock or options between April 19, 2013 and July 18, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/ISRG. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Intuitive Surgical's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
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Francis McConville, Esq.
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Telephone: (877) 247-4292 or (212) 983-9330
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