GPM Reminds Investors of the August 5 Deadline in the Class Action Lawsuit Against Neovasc Inc.
August 03 2016 - 9:30AM
Business Wire
Investors with over $50,000 in losses are encouraged to contact
Lesley Portnoy, Esquire to discuss their legal rights.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
August 5, 2016 deadline to file a lead plaintiff motion in
the class action filed on behalf of a class (the “Class”) of
investors who purchased Neovasc Inc. (“Neovasc” or the “Company”)
(NASDAQ: NVCN) securities between January 26, 2016 and May 19,
2016, inclusive (the “Class Period”). Neovasc investors have
until August 5, 2016 to file a lead plaintiff
motion.
The Complaint alleges that, throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about Neovasc's business,
operations, and prospects. Specifically, Defendants made false
and/or misleading statements and/or failed to disclose: (1)
Neovasc's Tiara device was advanced through dishonest business
practices, including the embezzlement of trade secrets from another
company; (2) that there was a related and legitimate lawsuit
against Neovasc regarding the misappropriation of trades secrets;
and (3) consequentially, Defendants' statements about Neovasc's
business, operations, and prospects were materially false and
misleading at relevant times. Following this information entering
the market, investors suffered damages.
If you purchased Neovasc shares, you may move the Court no later
than August 5, 2016 to request appointment as lead
plaintiff. To be a member of the class you need not take any action
at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160803005396/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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