Robbins Umeda a San Diego, California based law firm specializing in representing investors in shareholder derivatives and securities fraud class actions has filed a lawsuit on behalf of Stryker shareholders that had purchased or acquired Stryker stock between January 25th, 2007 and November 18th, 2008. The lawsuit seeks to recover from Stryker and certain of its officers for damages that the shareholders may have suffered as a result of the officers mismanagement of the Company.
The investigation concerns questionable statements made by the the Company during this time line regarding its business success and profitability as well as whether the Company had cut corners on its operational costs by failing to document and maintain adequate quality controls over its product manufacturing. The violations allegedly entail insider trading whereas the insiders took advantage of their 52 week high of $75 dollars per share split adjusted in November 2007 generating more than $300 million in proceeds prior to the stock's 52% decline to $36.11 on November 20th, 2008. If you would like more information regarding your rights contact Lauren Levi @ 800.350.6003. Looks like there's trouble in paradise or a little trouble in Strykerland. TSB wants to know whether our readers believe there was a little manipulation of the books by the Stryker Mafia. Based on Robbins Umeda's track record and specialty, they love these types of cases.