Coughlin Stoia Geller Rudman & Robbins LLP (Coughlin Stoia) has filed a class action lawsuit on behalf of an institutional investor against Accuray Incorporated (Accuray). The complaint alleges violation of the federal securities laws by Accuray and certain of its officers and/or directors.
The class action was commenced in the US District Court for the Northern District of California on behalf of purchasers of Accuray common stock pursuant or traceable to Accuray’s initial public offering on or about February 7, 2007, as well as purchasers of the Accuray’s common stock between February 7, 2007 and August 19, 2008 (Class Period).
Accuray designs, develops, and sells the CyberKnife system, an image-guided robotic radio surgery system for the treatment of solid tumors.