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Bernstein Liebhard LLP Announces That A Class Action Has Been Filed Against Abiomed, Inc.
Date:11/28/2012

iomed disclosed that the United States Department of Justice had begun an investigation "focused on the Company's marketing and labeling of the Impella 2.5."  Thus, it became apparent to investors that Abiomed had not resolved the outstanding issues addressed by the FDA.  On this news, shares in Abiomed declined 31% on tremendous volume.

Plaintiffs seek to recover damages on behalf of all Class members who invested in Abiomed common stock during the Class Period.  If you invested in Abiomed common stock during the Class Period, and either lost money on the transaction or still hold the shares, you may wish to join in this action to serve as lead plaintiff.  In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than January 15, 2013.

A "lead plaintiff" is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as lead plaintiff.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain Bernstein Liebhard LLP, or other counsel of your choice, to serve as your counsel in this action.

If you are interested in discussing your rights as an Abiomed shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients.  It has been
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SOURCE Bernstein Liebhard LLP
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