Hansen Can't Escape Bulk Of Securities Inflation Class Action

Law360, New York (August 10, 2012, 5:04 PM EDT) -- A California federal judge on Friday pared some securities law violation claims from a putative shareholder class action alleging medical robotics maker Hansen Medical Inc. artificially inflated its revenues, but allowed the bulk of the case to continue.

U.S. District Judge Claudia Wilken tossed several claims against Hansen and a group of its former executives in the shareholders' third amended complaint. She found that while the plaintiffs had standing to allege Hansen and some employees had violated securities laws concerning untrue statements or material omissions in...
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