Hagens Berman has been investigating Abiomed’s knowledge of issues raised by the FDA concerning the Impella’s marketing since the revelation this November of a Department of Justice (DOJ) investigation and HIPAA subpoena. A class-action securities lawsuit alleging that Abiomed made false or misleading statements to investors regarding the FDA’s concerns about the marketing of the Impella System is pending in the United States District Court for the District of Massachusetts.
“Our investigation centers on what Abiomed executives knew regarding possible off-label marketing of Impella, and to what extent they knew those issues could have a material impact on the company’s financial outlook,” said Mr. Kathrein. “If investors were left in the dark about serious concerns at the FDA regarding the marketing of Impella, we believe the company is liable under the securities laws for investor losses.”
More information about this investigation is available at http://hb-securities.com/investigations/Abiomed.