NASDAQ GS
CFMS

ConforMIS, Inc.

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against ConforMIS, Inc. (NASDAQ GS: CFMS)

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the District of Massachusetts on behalf of all persons or entities that purchased the common stock of ConforMIS, Inc. (“ConforMIS” or the “Company”) (NASDAQ GS: CFMS) between July 1, 2015 and August 28, 2015, inclusive, including those investors who acquired ConforMIS shares pursuant or traceable to its initial public offering (“IPO”) commenced on or about July 1, 2015 (collectively, the “Class Period), alleging violations of the Securities Exchange Act of 1933 and the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of ConforMIS in the July 1, 2015 offering, or during the period July 1, 2015 and August 28, 2015, inclusive, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on August 31, 2015, pre-market, the Company announced that it had initiated a voluntarily recall of specific serial numbers of patient-specific instrumentation for certain of its knee replacement product systems, in response to recent complaints of moisture on the patient-specific instrumentation.  A total of approximately 950 patient-specific instrumentation sets were affected by ConforMIS’s recall.

On this news, shares in ConforMIS dropped over 19%, closing at $16.00 per share on August 31, 2015, on heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than November 2, 2015.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

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