Gross Law Firm notifies PROCEPT BioRobotics shareholders of Sept. 22 class action deadline
The Gross Law Firm says investors who bought PROCEPT BioRobotics shares during a stated class period may contact the firm about a pending class action before a Sept. 22, 2026 deadline.
The Gross Law Firm says investors who bought PROCEPT BioRobotics shares during a stated class period may contact the firm about a pending class action before a Sept. 22, 2026 deadline.
What happened
The Gross Law Firm issued a notice on Aug. 18, 2026, saying shareholders of PROCEPT BioRobotics Corporation, which trades on Nasdaq as PRCT, may seek lead plaintiff appointment in a pending class action lawsuit.
The notice says the case covers investors who bought PRCT shares during a class period from Feb. 28, 2024, to Feb. 25, 2026. It sets Sept. 22, 2026, as the deadline to ask for lead plaintiff status and says there is no cost or obligation to participate.
What the complaint alleges
According to the notice, the complaint alleges materially false and/or misleading statements and omissions tied to PROCEPT BioRobotics’ discount program, U.S. handpiece unit sales, customer orders, field inventory and sales and utilization claims.
The notice alleges the company used an extensive discount program to encourage bulk orders above procedure demand. It says that program may have artificially and unsustainably inflated reported U.S. handpiece unit sales and revenue by pulling sales forward from later periods.
The complaint also alleges customer handpiece orders exceeded underlying procedure demand throughout the class period and that the gap widened over time. It further alleges the company had more than 10,000 excess units of field inventory by the end of the period.
Other allegations in the notice say the company’s statements about handpiece unit sales and field system utilization were overstated, that operational and financial risks were not fully disclosed and that PROCEPT BioRobotics could not achieve its stated 2025 handpiece sales and revenue guidance.
What the firm said
The Gross Law Firm said affected shareholders can contact the firm about the case, and that participation carries no cost or obligation. The notice lists the firm’s New York office address, email and phone number for investors seeking more information.
What happens next
Investors who want to seek lead plaintiff status must do so by Sept. 22, 2026, according to the notice.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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