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Investigation for Long-Term Investors in sharesof Abiomed, Inc. (NASDAQ: ABMD) announced

12-02-2019 10:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Abiomed, Inc. (NASDAQ: ABMD) shares over possible breaches of fiducia

An investigation on behalf of current long term investors in Abiomed, Inc. (NASDAQ: ABMD) shares over possible breaches of fiducia

An investigation on behalf of current long-term investors in shares of Abiomed, Inc. (NASDAQ: ABMD) concerning potential breaches of fiduciary duties by certain directors and officers of Abiomed, Inc. was announced.

Investors who are current long term investors in Abiomed, Inc. (NASDAQ: ABMD) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: ABMD stocks follows a lawsuit filed against Abiomed, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ABMD stocks, concerns whether certain Abiomed, directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that ABIOMED’s revenue growth was in decline, that the Company did not have a sufficient plan in place to stem its declining revenue growth, that the Company was unlikely to restore its revenue growth over the next several fiscal quarters, that consequently, ABIOMED was reasonably likely to revise its full-year 2020 guidance in a way that would fall short of the Company’s prior projections and market expectations, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Abiomed, Inc. (NASDAQ: ABMD) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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