The Law Offices of Howard G. Smith Announces The Filing Of A Securities Class Action On Behalf Of Cardiovascular Systems Inc....
March 04 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces that a class action
lawsuit has been filed 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 the Law Offices of Howard G.
Smith to discuss their legal rights in this class action.
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.
If you purchased shares of Cardiovascular Systems during the
Class Period you may move the Court no later than April 12,
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 Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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/20160304005121/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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