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Robbins Umeda LLP Announces an Investigation of Stereotaxis, Inc

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					Robbins Umeda LLP Announces an Investigation
of Stereotaxis, Inc.
August 23, 2011 03:48 PM Eastern Daylight Time 

SAN DIEGO--(EON: Enhanced Online News)--Robbins Umeda LLP, a shareholder rights litigation firm, has
commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain
officers and directors at Stereotaxis, Inc. (NASDAQ: STXS). Stereotaxis designs, manufactures, and markets
cardiology instrument controls systems for the treatment of arrhythmias and coronary artery diseases. The company
was founded in 1990 and is located in St. Louis, Missouri.

If you invested in Stereotaxis and would like more information about your shareholder rights, please contact attorney
Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on our website.

Robbins Umeda LLP's investigation focuses on whether the directors and officers of Stereotaxis harmed the
company and investors by issuing improper statements about the condition and future business prospects of the
company. On August 8, 2011, Stereotaxis issued a press release announcing financial results for the second quarter
of fiscal year 2011 that showed that the company was performing well below expectations, as revenue had declined
22.7% from $15.0 million for the second quarter of 2010. Stereotaxis also reported that its net loss for the second
quarter 2011 was $9.7 million, or $0.18 per share, compared to a net loss of $3.9 million, or $0.08 per share,
reported for the second quarter of 2010. The announcement of these disappointing results was accompanied by the
additional revelations that Stereotaxis had been forced to suspend its full year guidance for 2011, and that Chief
Financial Officer Dan Johnston was resigning from the company. On this news, shares of Stereotaxis declined by
more than 58%, opening on August 9, 2011, at just $1.64 per share.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action
lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top
multinational corporate law firms, and career shareholder rights attorneys. Robbins Umeda LLP has helped its clients
realize more than $1 billion of value for themselves and the companies in which they have invested. For more
information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/stereotaxis-inc/

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts
Robbins Umeda LLP
Gregory E. Del Gaizo, 800-350-6003

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