{"id":6148,"date":"2018-06-28T14:32:49","date_gmt":"2018-06-28T18:32:49","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=6148"},"modified":"2018-06-28T14:32:49","modified_gmt":"2018-06-28T18:32:49","slug":"national-securities-corporation-and-restoration-robotics-inc-subject-of-class-action","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/national-securities-corporation-and-restoration-robotics-inc-subject-of-class-action\/","title":{"rendered":"National Securities Corporation and Restoration Robotics, Inc. Subject of Class Action"},"content":{"rendered":"<p>A class action has been filed against Restoration Robotics, Inc. (\u201cHAIR\u201d), <a href=\"https:\/\/www.silverlaw.com\/national-securities-corporation.html\" target=\"_blank\">National Securities Corporation<\/a> (\u201cNational Securities\u201d) and others. The complaint alleges that Restoration Robotics negligently issued untrue statements of material facts in, and omitted to state material facts required to be started from, the prospectus issued in connection with the Initial Public Offering (\u201cIPO\u201d).\u00a0 At the time of the IPO, Restoration Robotics sold approximately 4 million shares at a price of $7.00 per share.\u00a0 Restoration Robotics stock has dropped dramatically trading under $3.00 a share on June 22, 2018.<\/p>\n<p>National Securities served as an underwriter for the Company\u2019s IPO agreeing to purchase 2,145,000 shares of the Company common stock, exclusive any over-allotment option.\u00a0 National Securities previously served as Restoration Robotics investment banker raising several million dollars in a Reg D offering in 2016.\u00a0 According to the complaint, National Securities collected fees from commissions and discounts in excess of $1,100,000 in the IPO.<\/p>\n<p>According to the class action complaint, Restoration Robotics was incorporated in 2002 under the laws of the State of Delaware.\u00a0 At the time of the IPO, the Company also had three wholly-owned subsidiaries: (i) Restoration Robotics, Inc. Limited, (ii) Restoration Robotics Europe Limited, Incorporated, and (iii) Restoration Robotics Korea Yuhan Hoesa, Incorporated.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/national-securities-corporation-and-restoration-robotics-inc-subject-of-class-action\/\"  title=\"Continue Reading National Securities Corporation and Restoration Robotics, Inc. Subject of Class Action\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A class action has been filed against Restoration Robotics, Inc. (\u201cHAIR\u201d), National Securities Corporation (\u201cNational Securities\u201d) and others. The complaint alleges that Restoration Robotics negligently issued untrue statements of material facts in, and omitted to state material facts required to be started from, the prospectus issued in connection with the Initial Public Offering (\u201cIPO\u201d).\u00a0 At [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,590],"tags":[541,921,167,920],"class_list":["post-6148","post","type-post","status-publish","format-standard","hentry","category-class-action","category-misrepresentation-and-omission-of-material-facts","tag-class-action-2","tag-initial-public-offering","tag-national-securities-corporation","tag-restoration-robotics-inc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>National Securities Corporation and Restoration Robotics, Inc. Subject of Class Action &#8212; Securities Arbitration Lawyers Blog &#8212; June 28, 2018<\/title>\n<meta name=\"description\" content=\"A class action has been filed against Restoration Robotics, Inc. (\u201cHAIR\u201d), National Securities Corporation (\u201cNational Securities\u201d) and others. The &#8212; June 28, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/national-securities-corporation-and-restoration-robotics-inc-subject-of-class-action\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"National Securities Corporation and Restoration Robotics, Inc. Subject of Class Action &#8212; Securities Arbitration Lawyers Blog &#8212; June 28, 2018\" \/>\n<meta name=\"twitter:description\" content=\"A class action has been filed against Restoration Robotics, Inc. (\u201cHAIR\u201d), National Securities Corporation (\u201cNational Securities\u201d) and others. The &#8212; June 28, 2018\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"National Securities Corporation and Restoration Robotics, Inc. Subject of Class Action &#8212; Securities Arbitration Lawyers Blog &#8212; June 28, 2018","description":"A class action has been filed against Restoration Robotics, Inc. (\u201cHAIR\u201d), National Securities Corporation (\u201cNational Securities\u201d) and others. 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The &#8212; June 28, 2018","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/national-securities-corporation-and-restoration-robotics-inc-subject-of-class-action\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/national-securities-corporation-and-restoration-robotics-inc-subject-of-class-action\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"National Securities Corporation and Restoration Robotics, Inc. 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