Thoratec Corporation Shareholder Alert: Former SEC Attorney Willie Briscoe
and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by
Officers and Directors
DALLAS -- March 20, 2014
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation
firm of Powers Taylor LLP announce that a federal class action lawsuit has
been filed against Thoratec Corporation (“Thoratec” or “Company”) (NasdaqGS:
THOR) and several officers and directors for acts taken during the period of
April 29, 2010 to December 27, 2013 (the “Class Period”).
Based upon the allegations in the class action, the firms are investigating
additional legal claims against the officers and Board of Directors of
Thoratec. If you are an affected Thoratec shareholder and want to learn more
about the lawsuit or join the action, contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll
free (877) 728-9607, or via email at email@example.com. There is no
cost or fee to you.
In the complaint, the defendants are alleged to have violated certain
provisions of the Securities Exchange Act of 1934. Specifically, the complaint
alleges that defendants’ misrepresented and/or failed to disclose that
Thoratec’s HeartMate II Left Ventricular Assist Device had significant risk of
pump thrombosis, resulting in numerous fatalities. Due to the foregoing,
Thoratec’s statements were materially false and misleading at all relevant
times. According to the complaint, Thoratec’s stock price dropped dramatically
after the true facts were revealed.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial
transaction, and public advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor LLP
Patrick Powers, 877-728-9607
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