BALA CYNWYD, Pa., Feb. 18, 2016 /PRNewswire/ -- Law Office of
Brodsky & Smith, LLC announces an investigation of
Cardiovascular Systems, Inc ("Cardiovascular Systems" or the
"Company") (Nasdaq -CSII- News) for potential violations of federal
securities laws and breaches of the Cardiovascular Systems Board's
fiduciary duties.
Click here to learn more
http://brodsky-smith.com/1041-csii-cardiovascular-systems-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
The investigation concerns a securities class action lawsuit
commenced in the United States District Court for the Central
District of California. The
complaint alleges that the Defendants made false and misleading
statements including failing to disclose that the company
distributed illegal kickbacks to health care providers engaged in
off-label promotion of its medical devices. As a result, the
complaint alleges that Cardiovascular Systems violated the Food and
Drug Administration's laws and regulations in connection with its
medical devices. On May 9,
2014, Cardiovascular Systems received a letter from the U.S.
Attorney's Office for the Western District of North Carolina stating that it is
investigating the Company to determine whether it has violated the
False Claims Act, resulting in the submission of false claims to
federal and state health care programs. As a result, shares of
Cardiovascular Systems declined significantly.
If you purchased shares of Cardiovascular Systems common stock
between September 12, 2011 and
January 21, 2016, and wish to discuss
the investigation, or if you have any questions, you may e-mail or
call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/1041-csii-cardiovascular-systems-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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SOURCE Brodsky & Smith, LLC