This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Against Hansen Medical, Inc. 2009-11-03 18:25 ET - News Release NEW YORK, NY
-- (MARKET WIRE)
-- 11/03/09 
Bronstein, Gewirtz & Grossman, LLC announces
that a class action has been filed in the United States District Court for
the Northern District of California on behalf of those who purchased or
otherwise acquired stock of Hansen Medical, Inc. ("Hansen" or the
"Company") (NASDAQ: HNSN), during the period between May 1, 2008 through
and including October 18, 2009 (the "Class Period").
The Complaint charges Hansen and certain of the Company's executive
officers with violations of federal securities laws. In particular the
complaint asserts that defendants issued material misstatements and/or
failed to disclose: (a) The Company's improper revenue recognition
practices which resulted in the Company overstating its financial results;
(b) Hansen's violations of Generally Accepted Accounting Principles; and
(d) Hansen's lack of internal controls over financial reporting. The
complaint asserts that when the truth of these misstatements and omissions
were partially revealed to the market starting on October 19, 2009, the
price of Hansen securities declined more than 9% to close at $3.12 per
share on unusually heavy trading volume.
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