SOURCE: Kahn Gauthier Swick, LLC

December 19, 2008 19:18 ET

INVESTOR ALERT: KGS Notifies AtriCure, Inc. Purchasers With Losses Greater Than $250,000 of Lead Plaintiff Application Deadline in Securities Fraud Class Action Lawsuit -- ATRC

NEW ORLEANS, LA--(Marketwire - December 19, 2008) - Kahn Gauthier Swick, LLC ("KGS") announces that a securities fraud class action lawsuit was filed in the United States District Court for the Southern District of Ohio, on behalf of purchasers of the securities of of AtriCure, Inc. ("AtriCure" or the "Company") (NASDAQ: ATRC) between May 10, 2007 and October 31, 2008, inclusive (the "Class Period"). No class has yet been certified in this action.

If you would like to discuss your legal rights, along with the lead plaintiff position and its related responsibilities including overseeing lead counsel with a goal of obtaining a fair settlement, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by email at lewis.kahn@kgscounsel.com.

AtriCure and certain of its executive officers are charged with violating the Securities Exchange Act of 1934, for issuing a series of materially false statements that concealed and failed to disclose that the Company had published materially inaccurate and false information, including the fact that its revenues and earnings had been improperly inflated due to illegal activities. Investors only learned the truth on October 31, 2008 when they were shocked to learn that the U.S. Department of Justice was investigating the Company for a series of illegal actions. On this news, shares of AtriCure declined $5.23 per share, almost 40%, on heavy volume.

If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than February 10, 2009. 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. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone 504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on securities class action litigation with offices in New Orleans and New York City.

KGS' lawyers have significant experience litigating complex securities class actions. Among other cases, KGS has been appointed Lead or Co-Lead Counsel in the following securities cases: In re: U.S. Auto Parts Networks, Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation, S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc. Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.; In re Superior Offshore International, Inc. Securities Litigation, S.D. Tex.; In re Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm. Systems Inc., N.D. Cal.; and In re BigBand Networks, Inc. Securities Litigation, N.D. Cal.

SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may consider to represent your interests in the ATRICURE class action. The Private Securities Litigation Reform Act ("PSLRA") permits ATRICURE shareholders to choose counsel of their choice to prosecute this action. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the ATRICURE action in particular, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS. While KGS has not filed suit yet, the firm is currently conducting its own investigation of ATRICURE and invites shareholders to evaluate its complaint when choosing counsel.

Contact Information

  • Contact:

    Lewis Kahn
    Kahn Gauthier Swick, LLC
    650 Poydras St., Suite 2150
    New Orleans, LA 70130
    1-866-467-1400, ext. 100
    Lewis.kahn@kgscounsel.com