CSII Investors: GPM Announces the Filing of a Securities Class Action on Behalf of Cardiovascular Systems Inc. Investors
February 24 2016 - 10:30AM
Business Wire
Glancy Prongay & Murray LLP
(“GPM”) announces the filing of a class action lawsuit on behalf of
investors who purchased Cardiovascular Systems Inc.
("Cardiovascular Systems" or the "Company") (NASDAQ: CSII)
securities between September 12, 2011 and January 21, 2016,
inclusive (the "Class Period"). Injured investors are encouraged to
contact Lesley Portnoy of GPM at 310-201-9150 to discuss their
legal rights.
According to the lawsuit, throughout the Class Period Defendants
issued false and misleading statements to investors and/or failed
to disclose that: (1) Cardiovascular Systems distributed illegal
kickbacks to health care providers; (2) Cardiovascular Systems
engaged in the off-label promotion of its medical devices; and (3)
Cardiovascular Systems violated FDA laws and regulations in
connection with its medical devices. As a result of the foregoing,
the Company’s public statements were materially false and
misleading at all relevant times. When this information became
available to the investing public, the lawsuit claims that
investors suffered damages.
Cardiovascular Systems investors have until April 12,
2016 to move the Court to appoint you as lead plaintiff if you
meet certain legal requirements. If you have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, of GPM,
1925 Century Park East, Suite 2100, Los Angeles, California 90067
at 310-201-9150, Toll-Free at 888-773-9224, by e-mail to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by e-mail 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/20160224005524/en/
Glancy Prongay & Murray, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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