NEW YORK--(BUSINESS WIRE)--
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, is investigating whether certain officers and directors of Cardiovascular Systems, Inc. (“Cardiovascular Systems” or the “Company”) (NASDAQ: CSII) breached their fiduciary duties owed to the Company and its shareholders. If you are a Cardiovascular Systems shareholder, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for additional information.
Cardiovascular Systems is a medical technology company that develops, manufactures and markets catheters designed to treat coronary arterial disease.
In June 2016, Cardiovascular Systems agreed to pay $8 million to resolve allegations by the Department of Justice that it paid illegal kickbacks to induce physicians to use the Company’s medical devices. A pending investor class action alleges that the Company engaged in a widespread scheme to increase sales and inflate revenues through unsustainable illegal tactics, including kickbacks and other methods.
Scott+Scott’s investigation concerns whether members of Cardiovascular System’s Board of Directors breached their fiduciary duties by failing to implement appropriate internal procedures and controls to prevent the Company and its top executives from allegedly: (1) distributing illegal kickbacks to health care providers; (2) engaging in off-label promotions of its medical devices; and (3) violating FDA laws and regulations in connection with its medical devices.
What You Can Do
If you are a Cardiovascular Systems shareholder, you may have legal claims against Cardiovascular Systems’ officers and directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew at (844) 818-6982, or at [email protected].
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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