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The Briscoe Law Firm and Powers Taylor LLP Announce Investigation of Mindray Medical International Limited

^{Published on 2011-07-27 18:01:17 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ], founder of [ The Briscoe Law Firm, PLLC ], and the securities litigation firm of [ Powers Taylor, LLP ] announce that a federal class action lawsuit has been filed against Mindray Medical International Limited (aMindraya or aMRa) (NYSE: MR) during the period of January 11, 2010 and August 9, 2010 (the aClass Perioda).

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

It has been alleged that during the Class Period, Mindray and certain of its officers and directors made materially false and misleading statements or failed to disclose material information related to the company's business and operations in violation of the Securities Exchange Act of 1934. Specifically, it is alleged that the defendants misrepresented and/or failed to disclose the following adverse facts: (a) that Mindray was experiencing declining sales domestically due to the lack of Chinese government tenders and a slowdown in non-tender Chinese sales; (b) that Mindraya™s sales of its diagnostics and ultrasound equipment were not performing according to internal expectations; (c) that Mindray was confronting increased competition in the market for larger hospital systems in China; and (d) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Mindray and its prospects.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.