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Aug. 6, 2025

Masimo drops conspiracy claim against ex-CEO Joe Kiani

Masimo dropped its lone conspiracy claim against ousted CEO Joe Kiani, who was accused of colluding with RTW Investments to influence a board vote. Kiani denies all wrongdoing.

Masimo Corp. founder and ousted CEO Joe Kiani was cleared of conspiracy claims the company made against him and other investors over an alleged scheme to manipulate shareholder votes intended to swing a board election in his favor.

"This lawsuit was filed by Politan-controlled Masimo as an effort to avoid paying Kiani what he is owed under his 10-year-old employment agreement," Hueston Hennigan LLP partner John C. Hueston said in a statement Tuesday for the ex-CEO.

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