#United States #San Diego #Class Action #Masimo Corporation #Sergio Vazquez

Proposed Class Action Settlement in Vazquez v. Masimo Corporation

On March 3, 2026, Labaton Keller Sucharow LLP announced a significant development in the class action lawsuit Sergio Vazquez, Individually and on Behalf of All Others Similarly Situated v. Masimo Corporation et al. (Case No. 323-cv-01546-DEB) brought before the United States District Court for the Southern District of California.

Summary of the Case

The lawsuit revolves around claims from shareholders who acquired Masimo Corporation's publicly traded common stock during the period from May 4, 2022, through August 8, 2023. These shareholders allege that they suffered damages due to various actions taken by Masimo and its executives during this time frame.

In what is a landmark decision for the plaintiffs, the court-appointed lead plaintiffs have reached a proposed settlement totaling $33.75 million. Notably, the settling defendants, which include Masimo and several executives like Joseph Kiani, Micah Young, Bilal Muhsin, and Eli Kammerman, deny any allegations of wrongdoing or liability.

Upcoming Settlement Hearing

A key date to note is the scheduled hearing on May 5, 2026, at 9:30 a.m. Pacific Time. The session will take place at the Edward J. Schwartz United States Courthouse in San Diego, California, and it will determine whether the proposed settlement should be approved as fair and reasonable.

During the hearing, the court will also discuss:

• - The dismissal of the action with prejudice as usual legal practice suggests.
• - Certification of both the settlement class and the lead plaintiffs as class representatives.
• - Appointment of Labaton Keller Sucharow LLP as Class Counsel and Hagens Berman Sobol Shapiro LLP as Liaison Counsel.
• - Allocation plan of the settlement proceeds and approval of lead counsel’s fees and expenses.

It is important to highlight that attendance at this hearing is not mandatory for affected shareholders to benefit from the settlement.

Impact on Shareholders

All individuals and entities that purchased Masimo Corporation stock during the specified class period will potentially benefit financially, as they are identified as members of the settlement class. Affected shareholders are encouraged to submit a Claim Form by April 28, 2026, to ensure their eligibility for participation in the distribution of the net settlement fund. Failure to do so will bar them from receiving any monetary compensation, although they will be bound by the court's decisions.

For those wishing to opt-out of the settlement, a request must be submitted by April 14, 2026. This exclusion ensures that they will not be bound by any court orders concerning this action.

Conclusion

This proposed settlement represents a significant step forward in providing compensation for harmed shareholders of Masimo Corporation. With a substantial financial recovery on the table and an upcoming hearing designed to address the fairness and adequacy of the settlement, affected investors should remain informed and proactive about their rights in this matter. For more details, including notices and claim forms, claimants may visit www.MasimoSecuritiesSettlement.com or contact the Claims Administrator directly.

Inquiries can also be made to Labaton Keller Sucharow LLP for legal advice related to the action. As this case proceeds, it will be vital for shareholders to pay close attention to any developments.