A Medical Device Daily

Cutera (Brisbane, California), a provider of laser and other light-based aesthetic systems for practitioners worldwide, reported that a purported securities class action lawsuit was filed on April 17 in the U.S. District Court for the Northern District of California against Cutera and several of its officers.

The plaintiff claims to represent purchasers of Cutera securities during the period from Jan. 31 through April 4. The complaint alleges that defendants made materially false statements regarding the company's financial prospects.

"This type of lawsuit could be expected following a decline in a company's stock price," said Kevin Connors, Cutera's president/CEO. "We believe the claims are without merit and will defend against them vigorously. We are tendering the matter to our insurance carriers, and will continue focusing on growing our business."