MASI Stock Gains as US Court Raises Concern About Politan's Ethics

Masimo (MASI) recently announced that a U.S. court has found Politan Capital and its managing partner, Quentin Koffey, guilty of violating a sealing order by releasing information from ongoing court proceedings in a press release dated Sept. 12. This incident is likely to become a critical factor in the lead-up to Masimo's 2024 Annual Meeting on Sept. 19, where Politan aims to replace several board members, potentially leading to the ousting of the company's longstanding CEO and founder, Joe Kiani. The ruli ...