INVESTOR ALERT: KGS Notifies AtriCure, Inc. Purchasers With Losses Greater Than $250,000 of Lead Plaintiff Application Deadline in Securities Fraud Class Action Lawsuit -- ATRC
NEW ORLEANS, LA--(Marketwire - December 19, 2008) - Kahn Gauthier Swick, LLC ("KGS") announces
that a securities fraud class action lawsuit was filed in the United States
District Court for the Southern District of Ohio, on behalf of purchasers
of the securities of of AtriCure, Inc. ("AtriCure" or the "Company")
(NASDAQ: ATRC) between May 10, 2007 and October 31, 2008, inclusive (the
"Class Period"). No class has yet been certified in this action.
If you would like to discuss your legal rights, along with the lead
plaintiff position and its related responsibilities including overseeing
lead counsel with a goal of obtaining a fair settlement, you may e-mail or
call KGS Managing Partner Lewis Kahn, without obligation or cost to you,
toll free 1-866-467-1400, ext. 100, via cell phone after hours at
504-301-7900, or by email at lewis.kahn@kgscounsel.com.
AtriCure and certain of its executive officers are charged with violating
the Securities Exchange Act of 1934, for issuing a series of materially
false statements that concealed and failed to disclose that the Company had
published materially inaccurate and false information, including the fact
that its revenues and earnings had been improperly inflated due to illegal
activities. Investors only learned the truth on October 31, 2008 when they
were shocked to learn that the U.S. Department of Justice was investigating
the Company for a series of illegal actions. On this news, shares of
AtriCure declined $5.23 per share, almost 40%, on heavy volume.
If you wish to serve as lead plaintiff in this class action lawsuit, you
must move the Court no later than February 10, 2009. Any member of the
putative class may move the Court to serve as lead plaintiff through
counsel of their choice, or may choose to do nothing and remain an absent
class member. If you would like to discuss your legal rights, you may
e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost
to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone
504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about
KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on
securities class action litigation with offices in New Orleans and New York
City.
KGS' lawyers have significant experience litigating complex securities
class actions. Among other cases, KGS has been appointed Lead or Co-Lead
Counsel in the following securities cases: In re: U.S. Auto Parts Networks,
Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities
Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation,
S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc.
Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.; In
re Superior Offshore International, Inc. Securities Litigation, S.D. Tex.;
In re Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon
Comm. Systems Inc., N.D. Cal.; and In re BigBand Networks, Inc. Securities
Litigation, N.D. Cal.
SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may
consider to represent your interests in the ATRICURE class action. The
Private Securities Litigation Reform Act ("PSLRA") permits ATRICURE
shareholders to choose counsel of their choice to prosecute this action.
Critical components of a law firm's ability to successfully prosecute this
action and obtain a strong recovery for you include the resources it will
dedicate to prosecution of the case, including the number of lawyers the
firm has available for the ATRICURE action in particular, AND especially
the quality of the firm's work. Interested shareholders are encouraged to
call for consultation and to request more information about KGS. While KGS
has not filed suit yet, the firm is currently conducting its own
investigation of ATRICURE and invites shareholders to evaluate its
complaint when choosing counsel.
Contact Information: Contact:
Lewis Kahn
Kahn Gauthier Swick, LLC
650 Poydras St., Suite 2150
New Orleans, LA 70130
1-866-467-1400, ext. 100
Lewis.kahn@kgscounsel.com