NEW ORLEANS, February 3, 2023 /PRNewswire/ — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq.a partner at the law firm Kahn Swick & Foti, LLC (“KSF”), announces that KSF is continuing its investigation of Boston Scientific Corporation (NYSE: BSX).
At November 17, 2020the company announced a worldwide recall of all unused inventory of its LOTUS Edge Aortic Valve System, due to “complexities associated with the product delivery system”, and that “[g]Given the additional time and investment needed to develop and reintroduce an improved delivery system, the company has chosen to retire the entire LOTUS product platform immediately.”
Subsequently, the Company and certain of its officers were sued in a securities class action lawsuit accusing them of failing to disclose material information during the Class Period, in violation of federal securities laws. securities. Recently, the court presiding over this case partially denied the company’s motion to dismiss, allowing the case to proceed.
KSF’s investigation focuses on whether Boston Scientific’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that may help the KSF in its investigation, or if you have long held Boston Scientific stock and wish to discuss your legal rights, you may, at no obligation or cost to you, call toll-free 1 – 877-515-1850 or email Lewis Kahn, KSF Managing Partner ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-bsx/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – seeking to recover investment losses due to corporate fraud and malfeasance by listed companies in stock exchange. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis KahnManaging partner
[email protected]
1-877-515-1850
1100 Poydras Street, Suite 3200
New Orleans, LA 70163
SOURCE Kahn Swick & Foti, LLC
