Investors Slap Hansen Medical With Securities Action

Law360, New York (November 5, 2009, 2:57 PM EST) -- Hansen Medical Inc. has been hit with a putative class action alleging the company issued materially false and misleading statements to shareholders regarding its financial results and compliance with generally accepted accounting principles.

According to a complaint filed Wednesday in the U.S. District Court for the Northern District of California, Hansen improperly recognized revenue associated with the sale of its Sensei robotic catheter systems.

The complaint also names Hansen CEO Frederic H. Moll and Chief Financial Officer Steven M. Van Dick as defendants.

As a result...
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