Law Offices of Howard G. Smith Announces Class Action Lawsuit Against
Edwards Lifesciences Corporation
BENSALEM, Pa. -- October 4, 2013
Law Offices of Howard G. Smith announces that a class action lawsuit has been
filed in the United States District Court for the Central District of
California on behalf of a class (the “Class”) comprising all purchasers of the
common stock of Edwards Lifesciences Corporation (“Edwards Lifesciences” or
the “Company”) (NYSE:EW) between April 25, 2012 and April 23, 2013, inclusive
(the “Class Period”).
Edwards Lifesciences is a medical device maker that designs and markets, among
other things, artificial heart valves for implantation in patients with
advanced cardiovascular disease, The Company’s SAPIEN line of transcatheter
heart valves may be implanted using a minimally invasive procedure.
The Complaint alleges that the Company issued 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’ shareholders during
the Class Period that:
*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.
*Edwards Lifesciences’ outlook for sales and earnings per share was
significantly weaker than the optimistic guidance defendants offered to
*Defendants lacked a reasonable basis for the statements made concerning
the Company’s operations, forecasts and outlook.
If you are a member of the Class described above you may move the Court no
later than November 18, 2013 to serve as lead plaintiff; however, you must
meet certain legal requirements. To be a member of the Class you need not take
any action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you purchased Walter
Investment securities prior to the Class Period and have any questions
concerning this Notice or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at 215-638-4847, Toll-Free at 888-638-4847, or by email to
firstname.lastname@example.org, or visit our website at
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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