Investors Have Chance to Join PROCEPT BioRobotics Securities Fraud Lawsuit
News related to:PROCEPT BioRobotics Corporation · 2 min read
BENSALEM TOWNSHIP, Pa., Sept. 14, 2026 /CourierPR/ -- Investors in PROCEPT BioRobotics Corporation (PRCT) who suffered losses due to alleged securities fraud have an opportunity to join a class action lawsuit, according to a press release from the Law Offices of Howard G. Smith.
The lawsuit alleges that between February 28, 2024, and February 25, 2026, the company made materially false and misleading statements regarding its business, operations, and financial condition. Specifically, the complaint claims that PRCT used an extensive discount program to incentivize customers to place bulk handpiece orders, which artificially inflated the company's reported U.S. handpiece unit sales and revenues by pulling forward sales at the expense of future periods.
According to the complaint, the discount program caused customer handpiece orders to exceed underlying procedure demand, leading to a surplus of U.S. handpiece sales relative to procedures. By the end of the class period, the company had over 10,000 excess units of field inventory and overstocking among its customers. As a result, the company's reported handpiece unit sales and the utilization of its field systems were materially overstated.
The lawsuit further alleges that the undisclosed discount program exposed PRCT to significant operational and financial risks, which were not disclosed to investors. The company's positive statements about its business, operations, and prospects were therefore materially misleading and lacked a reasonable basis.
Investors who believe they have suffered losses due to these alleged misrepresentations are encouraged to contact the Law Offices of Howard G. Smith before September 22, 2026, to participate in the ongoing securities fraud lawsuit. The deadline for filing a lead plaintiff application is September 22, 2026.
To learn more about the class action, investors can contact Howard G. Smith, Esq., at the Law Offices of Howard G. Smith, located at 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020. They can also reach out by telephone at (215) 638-4847 or visit the law firm's website at www.howardsmithlaw.com.
The complaint filed in this class action lawsuit alleges that PRCT failed to disclose the true state of its business, leading to inflated sales figures and overstocking. Investors who wish to participate in the lawsuit are advised to act promptly to ensure their legal rights are protected.