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:Pomerantz Files Class Action Against Hansen Medical, Inc. -- HNSN 2009-11-25 14:02 ET - News Release NEW YORK, Nov. 25, 2009 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") reminds investors that a class action lawsuit has been filed in the United States District Court, Northern District of California, against Hansen Medical, Inc. ("Hansen" or the "Company") (NYSE:HNSN)) and certain of its top officials. The class action (09-CV-5367) was filed on behalf of persons or entities that purchased or otherwise acquired shares in Hansen during the period May 1, 2008 through October 18, 2009 inclusive, (the "Class Period"). The Complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act, 15 U.S. C. Sections 78j(b) and 77t(a) and the Private Securities Litigation Reform Act.
Hansen develops products and technology using robotics for the accurate positioning, manipulation and control of catheters and catheter-based technologies. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, throughout the Class Period, Hansen improperly recognized revenue associated with the sale of its Sensei Robotic Catheter systems.
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