Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class
Action Lawsuit Against Edwards Lifesciences Corporation
LOS ANGELES -- November 1, 2013
The Law Offices of Todd M. Garber announces that 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’) have until November 18, 2013, to file a motion to be appointed
as lead plaintiff in the shareholder lawsuit filed in the United States
District Court for the Central District of California.
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 above-described Class, 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 may retain
counsel of your choice or take no action and remain an absent member of the
Class. If you have information or would like to learn more about these claims,
or if you purchased Edwards Lifesciences shares before the Class Period, and
have any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Todd M. Garber, Esquire, of the
Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
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