How 'bout that new law suit ladies

















Masimo Corporation under investigation by the DOJ relating to False Claims Act; SEC Subpoena Around Potential Accounting Irregularities
ACCESS WIRE
May 22, 2024, 11:00 AM ET
Details:
On May 7, 2024, Masimo filed its quarterly report on Form 10-Q with Securities and Exchange Commission and stated that the Company received a civil investigative demand from the Department of Justice (DOJ) pursuant to the False Claims Act, 31 U.S.C. §§ 3729-3733, dated March 25, 2024.

Per the subpoena, “DOJ is seeking documents and information related to Masimo’s Rad-G and Rad-97 products, including information relating to complaints surrounding the products and the Company’s decision to recall select Rad-G products in 2024.”