(NASDAQ GS: CUTR)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Cutera, Inc. ("Cutera" or the "Company") on behalf of stockholders. A class action complaint has been filed against Cutera. The complaint alleges that defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Cutera's business and operations. Specifically, defendants overstated the sustainability of Cutera's revenue growth, failed to disclose significant conflicts among members of the company's senior leadership and Board, and failed to disclose several material weaknesses in Cutera's internal control over financial reporting. On May 9, 2023, Cutera reported disappointing financial results for the first quarter 2023 that were "below expectations due to execution challenges in the business" and announced that Rohan Seth had resigned as the company's Chief Financial Officer. On this news, the price of Cutera common stock declined $6.06 per share over two trading sessions, or 30%, from a close of $20.20 per share on May 9, 2023, to close at $14.14 per share on May 11, 2023.