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Jury finds Intuitive Surgical’s training practices NOT at fault

By Frank Tobe | May 24, 2013

Jurors reached a 10-2 verdict after a 5-week trial. Intuitive Surgical owes no damages based on claims by the family that Intuitive had inadequately trained the doctor who performed the operation.

The win may reduce the steam in the kettle of the pending class action suits about false claims by the company regarding their financial performance.

In after hours trading, and then during the trading day, as news of the verdict came out, the stock (NASDAQ:ISRG) rose to $501, a 5% gain.

For further details, see the Bloomberg story, watch the video from the local TV station and read the review by Everything-Robotic.

About The Author

Frank Tobe

Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.