Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the District of Massachusetts on behalf of shareholders of Neovasc Inc. (“Neovasc” or the “Company”) (NASDAQ: NVCN) who purchased shares between January 26, 2015 and May 19, 2016.
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (i) that the Company’s Tiara device was developed through unlawful business practices, including the misappropriation of trade secrets from another company; (ii) that a related lawsuit against Neovasc regarding the misappropriation of trade secrets had merit; and (iii) that, as a result of the above, Defendants’ statements regarding Neovasc’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
If you suffered a loss in Neovasc you have until August 5, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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