Notice to Long-Term Shareholders of Masimo Corporation (MASI)

Philadelphia, Pennsylvania--(Newsfile Corp. - March 28, 2024) - Current Masimo Corporation (NASDAQ: MASI) shareholders who have held Masimo shares since prior to March 4, 2022, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. Click here to learn more: https://grabarlaw.com/the-latest/masimo-shareholder-investigation/

An underlying securities fraud class action alleges that Masimo, via certain of its officers and directors, concealed adverse facts related to Masimo's two core businesses - its traditional healthcare unit and its newer Sound United acquisition (non-healthcare unit). First Masimo's investors were misled about the healthcare division's inability to introduce successful new products to the marketplace that would support Masimo's revenue forecasts as well as about that unit's accumulation of excessive inventory of single-use sensors - a key driver of the Company's financial success. Second, it is alleged that investors were misled about the Company's non-healthcare business - Sound United - as Masimo failed to properly integrate that acquisition and hid a known and pervasive lack of internal controls and inadequate accounting practices, as well as ballooning inventory costs that hindered Masimo's Sound United business.

If you would like to learn more about this matter, at no cost to you, you are encouraged to visit https://grabarlaw.com/the-latest/masimo-shareholder-investigation/, contact Joshua H. Grabar at jgrabar@grabarlaw.com or Mia R. Heller at mheller@grabarlaw.com, or call us at 267-507-6085.

#Masimo $MASI

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203516