DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Neovasc Inc. of Upcoming Deadline -- NVCN
July 25 2016 - 12:53PM
Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Neovasc Inc.
(NASDAQ:NVCN)?
- Did you purchase your shares between January 26, 2015
and May 19, 2016, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. reminds shareholders
of Neovasc Inc. (“Neovasc” or the “Company”) (NASDAQ:NVCN) of an
upcoming deadline involving a securities fraud class action lawsuit
commenced against the Company. A complaint was filed in the
United States District Court for the District of Massachusetts on
behalf of all persons or entities that purchased the common stock
of Neovasc between January 26, 2015 and May 19, 2016, inclusive
(the “Class Period”), alleging violations of the Securities
Exchange Act of 1934 against the Company and certain of its
officers (the “Complaint”).
The Complaint alleges that throughout the Class
Period, defendants made materially false and misleading statements,
and omitted materially adverse facts, about the Company’s business,
operations and prospects. Specifically, the Complaint alleges
that the defendants concealed from the investing public that: (1)
the Company’s Tiara device was developed through unlawful business
practices, including the misappropriation of three trade secrets
from CardiAQ Valve Technologies, Inc. (“CardiAQ”); (2) CardiAQ’s
lawsuit against Neovasc indeed had merit as the Company
misappropriated trade secrets; and (3) as a result of the above,
Defendants’ statements about Neovasc’s business, operations, and
prospects were false and misleading and/or lacked a reasonable
basis. As a result of defendants’ alleged false and misleading
statements, the Company’s stock traded at artificially inflated
prices during the Class Period.
If you wish to serve as lead plaintiff, you must
move the Court no later than August 5, 2016. A
lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. Any member of the
proposed class may move the court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member.
If you purchased shares of Neovasc during the
Class Period, and wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact
Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky &
Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at
(888) 969-4242; by e-mail to info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/neovasc-inc-nvcn.
Attorney advertising. Prior results do not guarantee a similar
outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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