The Former Attorney General of Louisiana & Kahn Swick & Foti, LLC Remind Large Investors of Lead Plaintiff Deadline in Class ...
March 04 2016 - 10:03PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until March 22, 2016 to file lead
plaintiff applications in a securities class action lawsuit against
HeartWare International Inc. (NasdaqGS: HTWR), if they purchased
the Company’s securities between June 10, 2014 and January 11,
2016, inclusive (the “Class Period”). This action is pending in the
United States District Court for the Southern District of New
York.
What You May Do
If you purchased shares of HeartWare and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by March 22, 2016.
About the Lawsuit
HeartWare and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On September 9, 2015, HeartWare disclosed that it was halting
enrollment in the trial for MVAD, a pump that it was developing,
because of a manufacturing problem. Thereafter, on October 12,
2015, HeartWare disclosed that patients had suffered adverse events
and the trial would be further delayed. Finally, on January 11,
2016, HeartWare revealed that approximately half of the patients
implanted with the MVAD experienced serious adverse events and the
trial would be delayed indefinitely. Following these announcements,
the price of HeartWare's stock plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160304005088/en/
Kahn Swick & Foti, LLCLewis Kahn, 1 877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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