Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The
Class Action Lawsuit Against Edwards Lifesciences Corporation
BENSALEM, Pa. -- October 18, 2013
Law Offices of Howard G. Smith announces that investors of Edwards
Lifesciences Corporation (“Edwards Lifesciences” or the “Company”) (NYSE:EW)
have until November 18, 2013, to move the Court to serve as lead plaintiff in
the securities fraud class action lawsuit 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
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
*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 above-described Class, you have certain rights and
have until November 18, 2013, to move for lead plaintiff status. To be a
member of the Class, you need not take any action at this time or may retain
counsel of your choice. If you purchased shares prior to the Class Period and
wish to learn more concerning 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
email@example.com, or visit our website at
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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