Investors of EDAP TMS S.A. With Losses of $50,000 or More Are Encouraged to Contact Law Offices of Howard G. Smith
28 August 2014 - 12:32AM
Business Wire
Law Offices of Howard G. Smith announces that a class action
lawsuit has been filed in the United States District Court for the
Southern District of New York on behalf of purchasers of the
securities of EDAP TMS S.A. (“EDAP” or the “Company”) (NASDAQ:EDAP)
between February 1, 2013 and July 30, 2014, inclusive (the “Class
Period”). Investors who have losses of $50,000 or more are
encouraged to contact the firm for more information.
EDAP, through its subsidiaries, develops, produces and markets
minimally invasive medical devices for the treatment of urological
diseases, including the Ablatherm-HIFU device for the treatment of
organ-confined prostate cancer. The Complaint alleges that
defendants misrepresented and/or failed to disclose that:
- The Company overstated the efficacy and
safety of its Ablatherm trials by relying on cross-study
comparisons rather than a head-to-head trial.
- The study’s survival endpoint was
inappropriate for the patient population.
- As a result of the above, the Company's
statements about its business and operations were materially false
and misleading at all relevant times.
If you are a member of the Class described above, you have until
October 3, 2014, to move the Court to serve as lead plaintiff, if
you meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class.
If you suffered losses of $50,000 or more and wish to learn more
about this action, or if you have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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