Navigation Links
Robbins Umeda LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Abiomed, Inc.
Date:11/27/2012

SAN DIEGO and DANVERS, Mass., Nov. 27, 2012 /PRNewswire/ -- Shareholder rights firm Robbins Umeda LLP announces that a complaint has been filed in the United States District Court for the District of Massachusetts on behalf of persons who purchased Abiomed, Inc. (NASDAQ: ABMD) ("Abiomed" or the "Company") stock between August 5, 2011 and October 31, 2012 (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers and directors.

(Logo: http://photos.prnewswire.com/prnh/20111014/ROBBINSUMEDALOGO)

Abiomed manufactures, markets, and sells various types of medical devices designed for circulatory support and continuum of care in heart recovery to acute heart failure patients. Throughout the Class Period, the Company's principle product was the Impella 2.5 Cardiac Support System ("Impella 2.5"). The complaint alleges that, throughout the Class Period, Abiomed issued a series of materially false and misleading statements to investors about the Company's financial strength and prospects.  Specifically, the complaint alleges that positive statements regarding the Company were materially false and misleading because the FDA repeatedly warned Abiomed that the Company's marketing and promotional materials regarding the Impella 2.5 contained inappropriate claims and suggested improper off-label uses. Abiomed repeatedly assured investors that the FDA's concerns had been addressed and that the matter was resolved.

Then, on November 1, 2012, Abiomed announced that the United States Department of Justice was investigating "the Company's marketing and labeling of the Impella 2.5." On this news, Abiomed's share price fell 32%, from $19.82 per share on October 31, 2012 to close at $13.61 on N
'/>"/>

SOURCE Robbins Umeda LLP
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. Precision Optics Corporation Announces $1 Million Order for Microprecision™ Based Endoscopes
2. Young Innovations, Inc. Announces Record Sales and EPS for the Quarter Ended March 31, 2012
3. JDRF Announces Research Collaboration with Dexcom, Inc. to Develop "Smart Transmitter" Technology to Accelerate Artificial Pancreas Studies
4. Misonix Announces New Distribution Agreement For Panama
5. University of Maryland BioPark Announces MedImmunes Dr. Bahija Jallal as Newest Member of Board of Directors for UM Health Sciences Research Park
6. Novelos Therapeutics Announces Successful Completion of First Cohort In Lung Cancer Trial With I-124-CLR1404 (LIGHT) Cancer-Targeted PET Imaging Agent at UW Carbone Cancer Center
7. Boston Scientific Announces CE Mark and European Launch of Emerge™ PTCA Dilatation Catheter
8. Soligenix Announces Further Progress with ThermoVax™ for Long-Term Vaccine ThermoStability
9. Masimo Announces New Low-Profile Infant and Neonatal Pulse Oximetry Sensors
10. Anthera Announces the Completion of Patient Dosing in Phase 2b PEARL-SC Study
11. STAAR Surgical Announces First Quarter 2012 Results Release Date and Conference Call and Webcast
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2015)... , Aug. 28, 2015 ... the addition of the "Investigation Report on China,s ... Tobramycin is a traditional antibiotic whose eye drop ... the treatment of potential infection or inflammation caused by ... China are able to produce tobramycin, among ...
(Date:8/28/2015)... 2015 Research and ... the "Investigation Report on China,s Insulin Aspart ... Developed by Novo Nordisk, insulin aspart (under ... drug for the treatment of diabetes. Compared with ... insulin analog, starts working fast and reports higher ...
(Date:8/28/2015)...  IP Shakti, LLC, today announced that it has changed ... Logo - http://photos.prnewswire.com/prnh/20150827/261551LOGO ... identity signifies our transformation into a company focused on patent ... patent claim validity." ... Shield™ platform, the Company commenced a corporate re-branding initiative in ...
Breaking Medicine Technology:Investigation Report on China's Tobramycin Market, 2015-2019 2China Insulin Aspart Market Report 2010-2019 - Developed by Novo Nordisk 2IP Shakti, LLC Changes Company Name to Prediqtus, LLC 2
... Sept. 1, 2011 diaDexus, Inc. (OTC Bulletin Board: ... commercialization of patent-protected in vitro diagnostic products ... it plans to present at Baird,s 2011 Health Care ... Eastern Time (6:30 am Pacific Time) at the New ...
... Sept. 1, 2011 Cardium Therapeutics (NYSE Amex: ... Chief Executive Officer, will present at the Rodman & Renshaw ... 2:25 p.m. Eastern Time.  The conference is being held September ... webcast of the Company,s presentation will be available live and ...
Cached Medicine Technology:Cardium to Present at the Rodman & Renshaw Annual Healthcare Investment Conference 2
(Date:8/29/2015)... ... August 29, 2015 , ... Brands like Toppik ... zero standard shipping costs. , “Before, a threshold of $49.00 was required to qualify ... and items qualify for free standard shipping for customers regardless of the item’s selling ...
(Date:8/29/2015)... ... , ... ProDrop Particles includes over 40 particle backdrops designed for use in ... that users can shrink and stretch in the Final Cut Pro X timeline. Choose ... brightness, scale, speed, range, and flare attributes with intuitive controls found in the top-right ...
(Date:8/29/2015)... New York, NY (PRWEB) , ... August 29, ... ... consistently successful results and include treating the localized area with stretching, soft tissue ... and a neutral pelvic position have shown through research to improve treatment ...
(Date:8/29/2015)... ... 2015 , ... Vascular Health Sciences announced today that an ... HP, and that all claims and counterclaims have been irrevocably dismissed. , In ... the United States District Court for the Southern District of Texas for breach ...
(Date:8/28/2015)... Sierra Madre, CA (PRWEB) , ... August 28, ... ... alternative solutions to wound center management, Decatur County Memorial Hospital recently transitioned management ... model of Wound Center Management for their outpatient wound center. , ...
Breaking Medicine News(10 mins):Health News:TheBeautyPlace.com Discounts Shipping on Select Brands 2Health News:FCPX Effects Developer, Pixel Film Studios, Releases ProDrop Particles. 2Health News:NEW APPROACH for Treatment of Recurrent Hamstring Strains and Hamstring Tendinosis is Available for the First Time in NYC 2Health News:NEW APPROACH for Treatment of Recurrent Hamstring Strains and Hamstring Tendinosis is Available for the First Time in NYC 3Health News:Decatur County Memorial Hospital Transitions Wound Center Management To Wound Care Advantage and the Luvo Operating System 2Health News:Decatur County Memorial Hospital Transitions Wound Center Management To Wound Care Advantage and the Luvo Operating System 3Health News:Decatur County Memorial Hospital Transitions Wound Center Management To Wound Care Advantage and the Luvo Operating System 4
... , THURSDAY, June 4 (HealthDay News) -- Ever wonder ... scab after a cut? Researchers have now pinpointed the ... body has an incredible ability to heal from life,s ... principal investigator at the Rowland Institute at Harvard University, ...
... , Remuda Ranch ( www.remudaranch.com ) Reports Many Patients with ... , PHOENIX, June 4 /PRNewswire/ -- ... with eating disorders repeatedly check their body and often in ... http://www.newscom.com/cgi-bin/prnh/20090604/CG27861LOGO ) , , "Sometimes body and weight checking ...
... New York,s Rainbow Room on May 27th ... Damon Runyon Cancer Research Foundation . The Foundation ... funded through competitive and prestigious award programs, targeting all types of ... by Joe Kernen, co-anchor of CNBC ,s flagship ...
... eighth graders present seat belt safety messages for a chance to ... Nickelodeon or area billboards. , , CLEVELAND, June ... the Plaza Lobby stage at the Rock and Roll Hall ... June 6 , to perform songs, screen videos, and present posters ...
... June 04, 2009 - Patients with heart attacks and ... times more likely to experience serious complications after hospital ... department (ED), according to a new study published in ... say that this dramatic difference in rates of serious ...
... in image and information management solutions highlights Enterprise Content ... , , BOSTON, June 4 AMICAS, ... image and information management solutions, today announced that it ... a vendor-neutral archive solution designed to lower the total ...
Cached Medicine News:Health News:Researchers Detect Blood-Clotting Mechanism 2Health News:Body and Weight Checking May Signify an Eating Disorder 2Health News:Body and Weight Checking May Signify an Eating Disorder 3Health News:NYC Benefit Raises $1.4m for the Damon Runyon Cancer Research Foundation, Honors Merck 2Health News:NYC Benefit Raises $1.4m for the Damon Runyon Cancer Research Foundation, Honors Merck 3Health News:Finalists Perform at Rock Hall in Rainbow Babies & Children's Hospital's 'Pause to Click' Contest Encouraging Safety Belt Use for Tweens 2Health News:Crowded emergency departments pose greater risks for patients with heart attacks 2Health News:Crowded emergency departments pose greater risks for patients with heart attacks 3Health News:AMICAS Showcases Vendor-Neutral Archive Solutions at SIIM 2009 2Health News:AMICAS Showcases Vendor-Neutral Archive Solutions at SIIM 2009 3Health News:AMICAS Showcases Vendor-Neutral Archive Solutions at SIIM 2009 4
... 3D Signature is a state of ... that integrates blood, sterile body fluid ... powerful microbiology workstation with comprehensive capabilities. ... identification and where expanded flexibility in ...
The Vitek 2 is a fully automated bacteriology system that performs bacterial identification and susceptibility testing analysis using a standard inoculum. It detects resistance and helps combat bacte...
IDS Rapid ANA II System, a microbial identification system....
IDS Rapid SS/u, a microbial identification system....
Medicine Products: