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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of ViewRay, Inc. (NASDAQ: VRAY) from March 15, 2019 through August 8, 2019 (the “Class Period”). The lawsuit seeks to recover damages for ViewRay, Inc. investors under the federal securities laws.
If you bought ViewRay, Inc. securities between March 15, 2019 through August 8, 2019 and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against ViewRay, Inc.- VRAY
New York, N.Y., September 19, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of ViewRay, Inc. (NASDAQ: VRAY) between March 15, 2019 and August 8, 2019 inclusive (the “Class Period”).
To join the VRAY class action, go to http://zhanginvestorlaw.com/cases/viewray-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, throughout the Class Period (1) demand for ViewRay systems had declined due in part to changes being made to Medicare reimbursement approaches first announced in November 2018 that could make purchases of new ViewRay systems less profitable for customers; (2) the Company’s reported backlog was overstated due to the inclusion of orders with insufficient surety as to permit for their inclusion in reported backlog; and (3) as a result, ViewRay’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 12, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/viewray-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.