Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Abiomed, Inc.

Mon Jan 7, 2013 9:45pm EST

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LOS ANGELES--(Business Wire)--
The Law Offices of Todd M. Garber announces that shareholders of Abiomed, Inc.
("Abiomed" or the "Company") (NASDAQ:ABMD) have until January 15, 2013 to move
for lead plaintiff status in the shareholder lawsuit filed in the United States
District Court for the District of Massachusetts. The lawsuit was filed on
behalf of a class (the "Class") comprising all purchasers of Abiomed securities
between August 5, 2011 and October 31, 2012, inclusive (the "Class Period"). 

Abiomed provides medical devices for circulatory support and offers a continuum
of care in heart recovery for acute heart failure patients. The Company`s
Impella 2.5 catheter is a percutaneous micro heart pump with an integrated motor
and sensors, designed primarily for use by interventional cardiologists to
support patients in the cardiac catheterization lab who may require assistance
to maintain their circulation. 

The Complaint alleges that throughout the Class Period the defendants made
materially false and misleading statements regarding the Company`s business,
operations and financial prospects. Specifically, defendants misrepresented
and/or failed to disclose that: (1) the Company was improperly marketing and/or
labeling its Impella 2.5 system; (2) Abiomed`s financial results would be
materially impacted if the Company were either forced to stop or discontinued
its improper conduct; (3) the Company lacked adequate internal and financial
controls; and (4) as a result of the foregoing, the Company`s statements were
materially false and misleading at all relevant times. 

If you are a member of the above-described Class, you may move the Court no
later than January 15, 2013 to serve as lead plaintiff; however, you must meet
certain legal requirements. 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 Class member. If you wish to discuss this action or have any
questions concerning this Notice or your rights or interests with respect to
these matters, please contact Todd M. Garber, Esquire, of the Law Offices of
Todd M. Garber, by telephone at 213-700-7262 or by email to
info@toddgarberlaw.com. 

This press release may be considered Attorney Advertising in some jurisdictions
under the applicable law and ethical rules.

Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
213-700-7262
info@toddgarberlaw.com

Copyright Business Wire 2013
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