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Stryker Corporation SYK Securities Stock Fraud

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Company: Stryker Corporation
Ticker Symbol: SYK
Class Period: Jan-25-07 to Nov-13-08
Date Filed: Jan-19-10
Lead Plaintiff Deadline: Mar-20-10
Court: Southern District of New York
Allegations:
A lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased the common stock of Stryker Corporation ("Stryker" or the "Company") between January 25, 2007 and November 13, 2008, inclusive (the "Class Period").

The Complaint charges that Stryker, a medical technology company, and certain of its executives and officers violated federal securities laws by failing to disclose material adverse facts about the Company's true financial condition, business and prospects. Specifically, the Complaint alleges that defendants: i) violated federal regulations regarding the manufacture of medical devices; ii) subjected Stryker to unnecessary risks of sales disruptions, lower revenues and product liabilities due to product recalls; and iii) hid hundreds of millions of dollars of additional compliance costs both prior to and during the Class Period, allowing defendants to falsely report and/or project 20%+ earnings growth for Stryker during 2006, 2007 and 2008.

On November 13, 2008, during an investor conference hosted by Credit Suisse, Stryker revealed that it was still losing revenues and customers as a result of a January 2008 hip product recall. Following these statements Stryker stock declined 23% closing at $36.11 per share on November 20, 2008.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Stryker Corporation SYK Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Stryker Corporation securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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