|
| [January 17, 2013] |
 |
SHAREHOLDER ALERT: Levi & Korsinsky Launches an Investigation into Possible Breaches of Fiduciary Duty by Abiomed, Inc.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating potential claims on behalf of
purchasers of Abiomed, Inc. ("Abiomed" or the "Company") (NYSE: ABMD). A
complaint was filed in Massachusetts federal court.
For more information, click here: http://zlk.9nl.com/abiomed-abmd.
The complaint alleges that Abiomed made materially misleading statements
regarding the Company's financial strength and prospects. In particular,
it is alleged that positive statements concerning the Company were
misleading because the United State Food and Drug Administration
("FDA") repeatedly warned Abiomed that its promotional materials
contained inappropriate claims regarding its Impella 2.5 catheter and
suggested improper off-label uses. Abiomed repeatedly assured investors
that they had addressed the FDA's concerns and that the matter was
resolved.
On November 1, 2012, Abiomed disclosed that the Department of Justice
had initiated an investigation "focused on the Company's marketing and
labeling of the Impella 2.5." On this news, shares of Abiomed's stock
fell from $19.82 per share on October 31, 2012 to close at $13.61 on
November 1, 2012.
If you own Abiomed shares and wish to obtain additional information,
contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/abiomed-abmd.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. Attorney
advertising. Prior results do not guarantee similar outcomes.

[ Back To Technology News's Homepage ]
|