EQUITY ALERT: Rosen Law Firm Announces the Filing of a Securities Class Action Lawsuit Against HeartWare International Inc. -...
10 March 2016 - 11:46AM
Rosen Law Firm, a global investor rights law firm, announces that a
class action lawsuit has been filed on behalf of purchasers of
HeartWare International Inc. securities (NASDAQ:HTWR) from June 10,
2014 through January 11, 2016, all dates inclusive (the “Class
Period”). The lawsuit seeks to recover damages for HeartWare
investors under the federal securities laws.
To join the HeartWare class action, go to the
firm’s website at http://www.rosenlegal.com/cases-750.html or call
Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or
email pkim@rosenlegal.com or kchan@rosenlegal.com for information
on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE
ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
According to the lawsuit, defendants falsely
assured investors that HeartWare had adequately addressed numerous
manufacturing and other regulatory failures at HeartWare’s sole
manufacturing facility, and that the failures, which had been
identified by the U.S. Food and Drug Administration (FDA) in a
Warning Letter, posed no risk to the clinical trials or timely
approval of MVAD, a pump that HeartWare is presently developing.
When the true details concerning HeartWare’s failure to remediate
the regulatory problems identified by the FDA and its impact on
MVAD entered the market, HeartWare’s share price declined, causing
investors damages.
A class action lawsuit has already been filed.
If you wish to serve as lead plaintiff, you must move the Court no
later than March 22, 2016. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-750.html or to discuss
your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout
the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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