THORATEC CORPORATION SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against THORATEC CORPORATION

  THORATEC CORPORATION SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies
  Investors of Class Action Against THORATEC CORPORATION and Its Board and a
  Lead Plaintiff Deadline of March 25, 2014 -- THOR

Business Wire

NEW YORK -- March 11, 2014

Levi & Korsinsky announces that a class action lawsuit has been commenced in
the United States District Court for the Northern District of California on
behalf of holders of Thoratec Corporation (“Thoratec” or the “Company”)
(NasdaqGS: THOR) securities between April 29, 2010 and November 27, 2013.

For more information, click here: http://zlk.9nl.com/thoratec-thor.

The complaint alleges that throughout the Class Period, Thoratec made false
and/or misleading statements and failed to disclose material adverse facts
regarding the Company’s business, operations, and prospects. In particular, it
is alleged that the Company failed to disclose that its HeartMate II Left
Ventricular Assist Device held significant risk of pump thrombosis, causing
numerous fatalities.

On April 4, 2012, a recall was issued on the Company’s HeartMate II heart
pumps over concern for a potentially deadly defect. Then on November 27, 2013,
The New England Journal of Medicine released a study concluding that the “rate
of pump thrombosis related to the use of the HeartMate II has been increasing
at our centers and is associated with substantial morbidity and mortality.”

If you suffered a loss in Thoratec you have until March 25, 2014 to request
that the Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
visit http://zlk.9nl.com/thoratec-thor.

Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

Contact:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
(212) 363-7500, toll-free: (877) 363-5972
jlevi@zlk.com
 
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