SOURCE: Dyer & Berens LLP

Dyer & Berens LLP

November 13, 2009 12:04 ET

Dyer & Berens LLP Files Class Action Lawsuit on Behalf of Investors Who Purchased Hansen Medical, Inc. Common Stock Between 5/1/08 and 10/18/09 -- HNSN

DENVER, CO--(Marketwire - November 13, 2009) - Dyer & Berens LLP ( today announced that it has filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of investors who purchased Hansen Medical, Inc. ("Hansen" or the "Company") (NASDAQ: HNSN) common stock between May 1, 2008 and October 18, 2009, inclusive (the "Class Period"). The complaint charges Hansen and certain of its officers and directors with violations of the federal securities laws.

If you wish to serve as a lead plaintiff, you must move the court no later than December 22, 2009. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Jeffrey A. Berens, Esq. at (888) 300-3362, (303) 861-1764, or via email at Any member of the putative class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint alleges that defendants issued materially false and misleading statements regarding the Company's financial results and compliance with Generally Accepted Accounting Principles. Specifically, Hansen improperly recognized revenue from the sale of its Sensei® Robotic Catheter Systems. As a result of the false and misleading statements, Hansen's stock traded at artificially inflated prices during the Class Period, reaching a high of $19.57 per share on May 13, 2008.

On October 19, 2009, Hansen announced that it would be restating its financial results for 2008 and the first and second quarters of 2009 due to its failure to properly account for its revenue as a result of an investigation by the Company's audit committee. As the truth made its way into the market, the Company's shares lost over 84% of their value, causing investors substantial losses.

Plaintiff seeks to recover damages on behalf of Hansen investors. The plaintiff is represented by Dyer & Berens LLP, which has expertise in prosecuting investor class actions involving financial fraud. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to

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