NEW YORK, Sept. 23, 2013 (GLOBE NEWSWIRE) -- Morgan & Morgan announces that a class action has been filed in the United States District Court for the Central District of California against Edwards Lifesciences Corporation ("Edwards Lifesciences" or the "Company") (NYSE:EW) on behalf of investors who purchased the common stock of the Company during the period between April 25, 2012 and April 23, 2013, inclusive (the "Class Period").
If you purchased Edwards Lifesciences during the Class Period, you may, no later than November 18, 2013, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you purchased Edwards Lifesciences and want more information about the Edwards Lifesciences Class Action, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.
The Complaint alleges that the Company issued materially false and/or misleading statements and failed to disclose material facts related to the prospects, projected sales, and adoption of the Company's Edwards SAPIEN transcatheter aortic heart valve, including the related transfemoral and transapical delivery methods ("SAPIEN"), and related projections of financial performance for the Company's operations. Specifically, the Complaint alleges that the defendants knew, but concealed from Edwards Lifesciences's shareholders, during the Class Period that: (1) adoption of SAPIEN was weaker than the Company claimed, due to concerns among physicians over the risks and complexity of the procedure for implanting the valve; (2) Edwards Lifesciences's outlook for sales and earnings per share ("EPS") was significantly weaker than the optimistic guidance defendants offered to investors; and (3) as a result, defendants lacked a reasonable basis for the statements made concerning the Company's operations, forecasts and outlook.
On April 23, 2013, the Company disclosed that approximately 20 medical centers had postponed SAPIEN training, that there was substantially no backlog of patients awaiting SAPIEN implants, and that the Company's financial results had been and would likely continue to be weaker than estimates. Following this news, Edwards Lifesciences's stock price fell $18.21 per share, or about 20 percent, to close at $64.60 per share on April 24, 2013.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, wage and hour, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT: Morgan & Morgan Peter Safirstein, Esq. 28 West 44th Street Suite 2001 New York, NY 10036 1-800-631-6234 email@example.com
|Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against Edwards Lifesciences Corporation -- EW ()|
|Morgan & Morgan Announces That Securities Fraud Class Action Lawsuits Have Been Filed Against Nuverra Environmental Solutions, Inc. (NES) (2013/9/16)|
|Morgan & Morgan Announces That Securities Fraud Class Action Lawsuits Have Been Filed Against Pretium Resources Inc. -- PVG, PVG.TO (2013/10/31)|
|Morgan & Morgan Announces That a Securities Class Action Lawsuit Has Been Filed Against Francesca's Holdings Corporation -- FRAN ()|
|Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against MagnaChip Semiconductor Corporation (2014/3/17)|
|Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against First Marblehead Corporation -- FMD (2013/9/11)|
|Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Edwards Lifesciences Corporation (NYSE: EW) (2013/9/19)|
|Morgan & Morgan Announces that a Securities Class Action Lawsuit Has Been Filed Against Inteliquent, Inc. (2013/8/15)|
|Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit Has Been Filed Against Polycom, Inc. -- PLCM (2013/7/31)|
|Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against SolarCity Corporation (2014/4/2)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.