{"id":402667,"date":"2020-12-18T08:03:12","date_gmt":"2020-12-18T13:03:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402667"},"modified":"2020-12-18T08:03:12","modified_gmt":"2020-12-18T13:03:12","slug":"portnoy-law-lawsuit-filed-on-behalf-of-boston-scientific-corporation-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/portnoy-law-lawsuit-filed-on-behalf-of-boston-scientific-corporation-investors\/","title":{"rendered":"Portnoy Law: Lawsuit Filed On Behalf of Boston Scientific Corporation Investors"},"content":{"rendered":"
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\n Click <\/em>
\n
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\n here<\/u>
\n <\/em>
\n <\/a>
\n to join the case<\/em>
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LOS ANGELES, Dec. 18, 2020 (GLOBE NEWSWIRE) — The Portnoy Law Firm<\/u><\/a> advises investors that a class action lawsuit has been filed on behalf of Boston Scientific Corporation (“Boston Scientific” or “the Company”) (NYSE: BSX) investors that acquired securities between April 24, 2019 and November 16, 2020. \u00a0<\/p>\n

Investors are encouraged to contact attorney Lesley F. Portnoy<\/u><\/a>,<\/u> to determine eligibility to participate in this action, by phone 310-692-8883 or email<\/u><\/a>, or click here<\/u><\/a> to join the case.<\/p>\n

Boston Scientific announced a worldwide recall on November 17, 2020, of all unused inventory of the LOTUS Edge Aortic Valve System, a transcatheter aortic valve replacement product which had been approved by the U.S. Food and Drug Administration (“FDA”) in April 2019. Citing “complexities associated with the product delivery system” and the “additional time and investment required to develop and reintroduce an enhanced delivery system,” Boston Scientific stated that it had “chosen to retire the entire LOTUS product platform immediately.”<\/p>\n

On November 17, 2020, Boston Scientific’s stock price fell $3.00 per share, or approximately 8%, on this news, to close at $35.03 per share, thereby injuring investors.<\/p>\n

It is alleged in this lawsuit that throughout the Class Period, Boston Scientific made misleading and\/or materially false statements, as well as failed to disclose material adverse facts about Boston Scientific\u2019s prospects, operations, and business. Specifically, Boston Scientific failed to disclose to investors that: (1) It was clear that the LOTUS Edge Aortic Valve System’s product delivery system was dysfunctional, which threatened the entire product line\u2019s continued viability; (2) Boston Scientific had materially overstated the continued commercial viability and profitability of the LOTUS Edge Aortic Valve System as a result; and (3) positive statements made by Boston Scientific about its business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

Please visit our website<\/u><\/a> to review more information and submit your transaction information.<\/p>\n

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm\u2019s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com<\/u><\/a>
310-692-8883
www.portnoylaw.com<\/p>\n

Attorney Advertising<\/p>\n

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Click here to join the case LOS ANGELES, Dec. 18, 2020 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Boston Scientific Corporation (“Boston Scientific” or “the Company”) (NYSE: BSX) investors that acquired securities between April 24, 2019 and November 16, 2020. \u00a0 Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case. Boston Scientific announced a worldwide recall on November 17, 2020, of all unused inventory of the LOTUS Edge Aortic Valve System, a transcatheter aortic valve replacement product which had been approved by the U.S. Food and Drug … <\/p>\n

Continue reading “Portnoy Law: Lawsuit Filed On Behalf of Boston Scientific Corporation Investors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402667","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPortnoy Law: Lawsuit Filed On Behalf of Boston Scientific Corporation Investors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/portnoy-law-lawsuit-filed-on-behalf-of-boston-scientific-corporation-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portnoy Law: Lawsuit Filed On Behalf of Boston Scientific Corporation Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Click here to join the case LOS ANGELES, Dec. 18, 2020 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Boston Scientific Corporation (“Boston Scientific” or “the Company”) (NYSE: BSX) investors that acquired securities between April 24, 2019 and November 16, 2020. \u00a0 Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case. 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