MAKO Surgical is sued by Investors for failing to disclose a business downturn

MAKO Surgical Sued in Florida (Walter Eisner @ OTW)
Well that didn't take long.
Just a few days after MAKO Surgical Corporation announced that it missed consensus revenue and earnings estimates, a shareholder filed a lawsuit in U.S. District Court for the Southern District of Florida against the company, along with its President and CEO, Maurice Ferré, M.D. and CFO Fritz Laporte. The company was expected to have sales of around $23.8 million, but came in at $19.6 million.
A day after the May 7 announcement the company's common stock price fell 37%.
The shareholder, James H. Harrison, Jr. is pr...