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How 'bout that new law suit ladies

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Masimo Corporation under investigation by the DOJ relating to False Claims Act; SEC Subpoena Around Potential Accounting Irregularities
ACCESS WIRE
May 22, 2024, 11:00 AM ET
Details:
On May 7, 2024, Masimo filed its quarterly report on Form 10-Q with Securities and Exchange Commission and stated that the Company received a civil investigative demand from the Department of Justice (DOJ) pursuant to the False Claims Act, 31 U.S.C. §§ 3729-3733, dated March 25, 2024.

Per the subpoena, “DOJ is seeking documents and information related to Masimo’s Rad-G and Rad-97 products, including information relating to complaints surrounding the products and the Company’s decision to recall select Rad-G products in 2024.”
 
















Hunter Biden said:
Let the fur fly! Joe is in some hot water.
Click to expand...
Farewell soon…to healthcare’s most prolific hypocrite—Joseph E. Kiani.

BUSINESS WIRE
7/16/2024
NEW YORK--On Monday, ISS wrote that Masimo, “has a corporate governance track record that is firmly among the most troubling of any modern public company,” and that CEO and Chairman Joe Kiani, “has demonstrated that he has no regard for public shareholders. He has been at the center of so many corporate governance scandals and abuses that no credible argument exists to the contrary.”
https://www.businesswire.com/news/home/20240716523270/en/Politan-Comments-on-Masimo’s-Latest-Entrenchment-Maneuvers
 




anonymous said:
Farewell soon…to healthcare’s most prolific hypocrite—Joseph E. Kiani.

BUSINESS WIRE
7/16/2024
NEW YORK--On Monday, ISS wrote that Masimo, “has a corporate governance track record that is firmly among the most troubling of any modern public company,” and that CEO and Chairman Joe Kiani, “has demonstrated that he has no regard for public shareholders. He has been at the center of so many corporate governance scandals and abuses that no credible argument exists to the contrary.”
https://www.businesswire.com/news/home/20240716523270/en/Politan-Comments-on-Masimo’s-Latest-Entrenchment-Maneuvers
Click to expand...
How to expose your own dictatorship and lose everything
By: Outliar Joe

Glass Lewis backs activist Politan nominees in scathing Masimo report
“Masimo’s current directors, including its CEO Joe Kiani, have failed to address profound damage to shareholder value.”
PUBLISHED FRI, JUL 12 20248:32 AM EDT
CSNBC
https://www.cnbc.com/2024/07/12/mas...ld-vote-for-politan-nominees-glass-lewis.html

Proxy advisor ISS says Masimo change is ‘absolutely necessary’ in brutal report
PUBLISHED MON, JUL 15 2024 2:17 PM
CNBC
https://www.cnbc.com/2024/07/15/masimo-politan-kiani-coffey-iss-proxy-fight.html
 




anonymous said:
How to expose your own dictatorship and lose everything
By: Outliar Joe

Glass Lewis backs activist Politan nominees in scathing Masimo report
“Masimo’s current directors, including its CEO Joe Kiani, have failed to address profound damage to shareholder value.”
PUBLISHED FRI, JUL 12 20248:32 AM EDT
CSNBC
https://www.cnbc.com/2024/07/12/mas...ld-vote-for-politan-nominees-glass-lewis.html

Proxy advisor ISS says Masimo change is ‘absolutely necessary’ in brutal report
PUBLISHED MON, JUL 15 2024 2:17 PM
CNBC
https://www.cnbc.com/2024/07/15/masimo-politan-kiani-coffey-iss-proxy-fight.html
Click to expand...
Nothing new here. The douchebag’s just under too big a microscope these days to get away with it anymore.

Masimo CEO shared confidential information with investor ahead of public release, court filing shows
PUBLISHED FRI, SEP 6 2024 3:43 PM EDT
https://www.cnbc.com/amp/2024/09/06...l-information-ahead-of-release-documents.html
 




Vanguard assessment (Masimo) - Dec 2023
“In reviewing Masimo’s corporate governance profile and practices, we found that Masimo appeared to have demonstrated poor corporate governance practices over the course of several years. The company previously adopted several measures that, in our assessment, served to entrench the current board and management team. Our engagement with the company directors, leaders and executives, and dissident, as well as our analysis of the company’s corporate governance practices, led us to conclude that the Masimo board’s governance practices and oversight were lacking. The board members have not demonstrate sufficient effective independence from management and to clearly articulate the board’s role in overseeing company strategy and material risks.”
https://corporate.vanguard.com/cont...ves-and-commentary/masimo_voting_insights.pdf
 




























The Vote is In, Politan Wins the Proxy War; Both Its Nominees are Elected to the Masimo Board

SEPTEMBER 19, 2024
“Instead of Considering Investors’ Feelings, Kiani Felt They Should Just Trust His Genius. It was Kiani’s lack of consideration for investors’ feelings on this issue that served to sow the seeds of discontent that grew into Koffey’s opportunity and ultimately led to this outcome. When you are a public company, you have a fiduciary duty to do all you can to increase shareholder value. However it appeared that Kiani felt that Masimo was his company and investors should just trust his genius to create future success. The more he talked about himself, the more investor gravitated towards Koffey and Politan.
At the end of the day, investors gave Kiani two years to show progress with his plan for Sound United and got tired of waiting for it to happen.”
https://www.strata-gee.com/the-vote...its-nominees-are-elected-to-the-masimo-board/
 




So poetic…. Joe’s departing role at Masimo won’t be as the admired CEO he fancied himself to be, but rather the disgraced con artist he proved to be…and so now getting plucked out of there by his pubes.
 




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