Medical Device Maker Seeks Dismissal Of Securities Fraud Class Action Claims
Mealey's (September 2, 2016, 10:40 AM EDT) -- NEW YORK — A securities class action lawsuit against a medical device maker and its CEO should be dismissed because the lead plaintiff has failed to show that the defendants made any material misrepresentations or acted with scienter in statements they made regarding the company’s heart pump, the defendants argue in an Aug. 30 motion to dismiss (In re HeartWare International Inc. Securities Litigation, No. 16-0520, S.D. N.Y.).
(Motion to dismiss available. Document #57-160919-501B.)
Lead plaintiff St. Paul Teachers’ Retirement Fund Association filed an amended complaint...