UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Investors of Class Action against EDAP TMS S.A. & Its Board of Directors & a...
30 September 2014 - 8:33AM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the Southern
District of New York on behalf of investors who purchased EDAP TMS
S.A. (“EDAP” or the “Company”) (NasdaqGM:EDAP) common stock between
February 1, 2013 and July 30, 2014.
For more information, click here:
http://zlk.9nl.com/edap-tms-edap.
The complaint alleges that during the Class Period the Company
made false and/or misleading statements regarding its
Ablatherm-HIFU device. In particular it is alleged that the Company
made false and/or misleading statements and/or failed to disclose
that: (a) the Company overstated the efficacy and safety of its
Ablatherm trials by relying on cross-study comparisons rather than
a head-to-head trial; (b) the study’s survival endpoint was
inappropriate for the patient populations; and (c) as a result of
the aforementioned, the Company’s statements regarding its business
and operations were materially false and misleading at all relevant
times.
On July 30, 2014, the FDA announced that a panel found EDAP had
failed to demonstrate the efficacy of its product or that the
benefits of the device outweighed its risks.
If you suffered a loss in EDAP you have until October 3, 2014 to
request that the Court appoint you as lead plaintiff. Your ability
to share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/edap-tms-edap.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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