Case Page

 

Case Status:    SETTLED
On or around 08/19/2014 (Other)

Filing Date: October 23, 2009

According to a press release dated October 26, 2009, the lawsuit alleges Hansen Medical and certain of its officers violated federal securities laws. According to the complaint, the Company misstated its revenues and financial results during the Class Period in violation of the Securities Exchange Act of 1934.

On February 25, 2010, an order granting motion for consolidation and motion for appointment of lead plaintiff and approval of lead plaintiff's counsel were entered into the Court’s docket.

On May 11, 2010, a Corrected Consolidated Amended Complaint For Violations Of The Federal Securities Laws was filed by the lead plaintiffs against the defendants.

On June 26, 2010, an Amended Complaint Second Consolidated Amended Complaint for Violations of the Federal Securities Laws against the defendants was filed by the lead plaintiffs.

On August 25, 2011, the Court issued an Order granting the Defendant's Motion to Dismiss with leave to amend.

On September 28, 2011, the Court reassigned the case to Hon. Thelton E. Henderson.

On October 18, 2011, the plaintiffs filed their third consolidated amended complaint.

On August 10, 2012, the Court issued an Order granting in part and denying in part Defendants' motion to dismiss. Plaintiffs were given leave to file a fourth amended complaint.

On May 9, 2013, the Parties entered into a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on July 25.

On December 5, 2013, the Court issued an Order granting final approval of the Settlement and also awarding attorneys' fees and expenses.

On August 19, 2014, the Court issued an Order authorizing the distribution of the net Settlement Fund.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HNSN
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. California
DOCKET #: 09-CV-05094
JUDGE: Hon. Jeremy Fogel
DATE FILED: 10/23/2009
CLASS PERIOD START: 05/01/2008
CLASS PERIOD END: 10/18/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 09-CV-05094
JUDGE: Hon. Jeremy Fogel
DATE FILED: 05/11/2010
CLASS PERIOD START: 02/19/2008
CLASS PERIOD END: 10/18/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  2. Law Offices of Howard G. Smith
    3070 Bristol Pike, Suite 112, Law Offices of Howard G. Smith, PA 19020
    215.638.4847 215.638.4867 ·
No Document Title Filing Date
No Document Title Filing Date