Legal Opinion
Police Retire. Sys of St Louis v. Intuitive Surgical, Inc.
Court of Appeals for the Ninth Circuit
Decided July 16, 2014No. 12-16430PublishedCited by 126 opinions
1Opinion of the Court
OPINION
McKEOWN, Circuit Judge:
This case, involving robotic surgical devices, raises the question of how precise public statements of a company’s potential growth must be to comply with the anti-fraud protections of the securities laws. Intuitive Surgical, Inc. (“Intuitive”) is a' corporation that designs, manufactures, and markets da Vinci Surgical Systems (“Systems”), cutting-edge robotic devices used for minimally invasive surgeries. The Police Retirement System of St. Louis (“PRS”) is a public pension fund that purchased shares of Intuitive stock.
PRS brought a class action suit against…
2Cases cited21 opinions
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Zucco Partners, LLC v. Digimarc Corp.Court of Appeals for the Ninth Circuit · 2009
- Parks School of Business, Inc., Dba Parks College, a New Mexico Corporation v. Fife Symington Roy A. Nicholson Sally HeinCourt of Appeals for the Ninth Circuit · 1995
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3Cited by126 opinions
- Roberto Cohen v. Nvidia Corp.Court of Appeals for the Ninth Circuit · 2014
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- Retail Wholesale & Department Store Union Local 338 Retirement Fund v. Hewlett-Packard Co.Court of Appeals for the Ninth Circuit · 2017
- Vicky Nguyen v. Endologix, Inc.Court of Appeals for the Ninth Circuit · 2020
- Weston Family Partnership Lllp v. Twitter, Inc.Court of Appeals for the Ninth Circuit · 2022
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