Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Neovasc Inc. Investors & Encourages In...
July 29 2016 - 1:54PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces that a
class action lawsuit has been filed on behalf of investors who
purchased Neovasc Inc. (“Neovasc” or the “Company”) (NASDAQ: NVCN)
securities between January 26, 2016 and May 19, 2016,
inclusive (the “Class Period”). Neovasc investors have
until August 5, 2016 to file a lead plaintiff
motion.
Investors suffering losses on their Neovasc investments are
encouraged to contact Lesley Portnoy of GPM to discuss their legal
rights in this class action at 310-201-9150 or by email to
shareholders@glancylaw.com.
The Complaint alleges that, throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about Neovasc's business,
operations, and prospects. Specifically, Defendants made false
and/or misleading statements and/or failed to disclose: (1)
Neovasc's Tiara device was advanced through dishonest business
practices, including the embezzlement of trade secrets from another
company; (2) that there was a related and legitimate lawsuit
against Neovasc regarding the misappropriation of trades secrets;
and (3) consequentially, Defendants' statements about Neovasc's
business, operations, and prospects were materially false and
misleading at relevant times. Following this information entering
the market, investors suffered damages.
If you purchased shares of Neovasc during the Class Period you
may move the Court no later than August 5, 2016 to
ask the Court to appoint you as lead plaintiff if you meet certain
legal requirements. To be a member of the Class you need not take
any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you
wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://glancylaw.com. If you inquire by email please include your
mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160729005779/en/
Glancy Prongay and Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224https://www.glancylaw.comshareholders@glancylaw.com
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