Cutera Shareholder News: Johnson Fistula Urges Losing Investors to…

Cutera Shareholder News: Johnson Fistula Urges Losing Investors to…

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SAN DIEGO, May 06, 2023 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP is investigating whether Cutera, Inc. (“Cutera” or the “Company”) CUT, one of its officers or others has violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they can be recovered under federal securities laws.

What if I bought Cutera common stock? If you bought Cutera common stock and suffered significant losses on your investment, join our investigation now:

Click or paste the following web address into your browser to submit your losses:

https://www.johnsonfistel.com/investigations/cutera

Or contact Jim Baker at for more information jimb@johnsonfistula.com or (619) 814-4471

There are no costs or obligations for you.

What does Johnson examine fistula? On February 28, 2023, the company announced that it would not file its 2022 annual report on time. The company also said it had identified “material weaknesses in its internal control over financial reporting related to ineffective general information technology controls and ineffective inventory counting controls.”

Then, on April 12, 2023, the company announced senior management and governance changes. This reorganization included the appointment of a new interim CEO and a new independent chairman of the board. Following the news, Cutera’s share price fell 26% in intraday trading.

Then, after the close of trading on April 18, 2023, in response to the news release dated April 12, 2023, two directors of Cutera (including the founder and CIO of hedge fund Voce Capital Management LLC), who together owned approximately 7.0% of the outstanding shares of Own Cutera – issued a statement stating that Cutera’s press release dated April 12, 2023 “contains numerous misleading, incomplete and untrue statements”. Following this news, Cutera’s share price fell and continued to fall in the following trading days.



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