Faruqi & Faruqi, LLP Announces Investigation of Stereotaxis, Inc. (STXS)
Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Stereotaxis, Inc. (“Stereotaxis” or the “Company”) (NASDAQ: STXS). Faruqi & Faruqi, LLP seeks to determine whether certain officers and directors at Stereotaxis violated federal securities laws in connection with statements made to the Company's shareholders.
On August 8, 2011, Stereotaxis released disappointing financial results for second quarter of 2011. In addition to reporting losses of $9.7 million, the Company suspended full year guidance for 2011. Moreover, the Company revealed that its Chief Financial Officer, Daniel Johnston, resigned. As a result of this announcement, Stereotaxis’ stock plummeted by more than 58%.
If you purchased Stereotaxis securities and you would like to discuss your legal rights, contact us by calling Anthony Vozzolo or Richard W. Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Stereotaxis’ conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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