SOURCE: Rosen Law Firm PA

October 31, 2009 23:50 ET

Rosen Law Firm Announces Class Action Lawsuit Against Hansen Medical, Inc. -- HNSN

NEW YORK, NY--(Marketwire - October 31, 2009) - The Rosen Law Firm, P.A. announces that a class action lawsuit has been filed on behalf of all purchasers of Hansen Medical, Inc. ("Hansen") (NASDAQ: HNSN) securities between May 1, 2008 and October 18, 2009, inclusive (the "Class Period").

To join the Hansen class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action. The case is pending in the United States District Court for the Northern District of California.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER. YOU MAY ALSO RETAIN COUNSEL OF YOUR CHOICE.

The complaint alleges that Hansen and certain of its executive officers with violations of federal securities laws in connection with alleged accounting improprieties. In particular the complaint asserts that defendants issues material misstatements and/or failed to disclose: (a) Hansen's improper revenue recognition practices which resulted in overstatement of the Hansen's financial results; (b) Hansen's violations of Generally Accepted Accounting Principles; and (d) Hansen's lack of internal controls over financial reporting. The complaint asserts that when the truth of these misstatements and omissions were partially revealed to the market starting on October 19, 2009, the price of Hansen securities materially declined damaging investors.

A class action lawsuit has already been filed on behalf of Hansen shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than December 22, 2009. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information

  • Contact Information:

    Laurence Rosen, Esq.
    Phillip Kim, Esq.
    The Rosen Law Firm P.A.
    350 5th Avenue, Suite 5508
    New York, New York 10118
    Tel: (212) 686-1060
    Weekends Tel: (917) 797-4425
    Toll Free: 1-866-767-3653
    Fax: (212) 202-3827
    Email Contact
    Email Contact

    www.rosenlegal.com