SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of HeartWare International, Inc. of Class Action Lawsuit and a ...
March 16 2016 - 11:37AM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of
HeartWare International, Inc. (“HeartWare”)
(NASDAQ:HTWR) between June 10, 2014 and January 11,
2016.
You are hereby notified that a
securities class action has been commenced in the USDC for
the Southern District of New York. If you purchased or otherwise
acquired HeartWare securities between June 10, 2014 and January 11,
2016, your rights may be affected by this action. To get more
information go to:
http://zlk.9nl.com/heartware.
The complaint alleges that during the Class Period, HeartWare
and certain of its senior executives made false and misleading
statements and omitted material information. In particular, it is
alleged that after the U.S. Food and Drug Administration issued a
Warning Letter identifying numerous manufacturing and other
regulatory failures at the Company’s sole manufacturing facility,
Defendants falsely assured investors that the Company had addressed
those problems, and that these concerns therefore posed no risk to
the clinical trials or timely approval of MVAD, a pump that
HeartWare is developing.
Following a series of disclosures regarding adverse effects in
certain clinical trial patients, shares of HeartWare have declined
from a close of $87.73 per share on June 25, 2014, to a close of
just $34.50 per share on January 22, 2016.
If you suffered a loss in HeartWare you
have until March 22, 2016 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/heartware.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and
experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions
of dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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