BALTIMORE, MD -- (Marketwire) -- 01/28/09 -- Brower Piven, A Professional Corporation
announces that a class action lawsuit has been commenced in the United
States District Court for the Southern District of Ohio on behalf of
purchasers of the securities of AtriCure, Inc. ("AtriCure" or the
"Company") (NASDAQ: ATRC) during the period between May 10, 2007 and
October 31, 2008, inclusive (the "Class Period").
No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than February 10,
2009 and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You may contact Brower Piven (through hoffman@browerpiven.com or
410/986-0036) to answer any questions you may have in that regard.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the Company's failure to disclose during
the Class Period that its publicly reported revenue and earnings had been
improperly inflated due to illegal activities and that the Company's
financial statements and results were not prepared in accordance with
Generally Accepted Accounting Principles. According to the complaint,
on October 31, 2008, after the Company revealed that the U.S. Department of
Justice - Civil Division was conducting an investigation of the Company's
unlawful activities, the value of AtriCure's stock declined significantly.
If you have suffered a net loss for all transactions in AtriCure, Inc.
securities during the Class Period (including shares or possibly calls
purchased during, but retained after, the Class Period or possibly put
options sold but not covered until after the Class Period), you may obtain
additional information about this lawsuit and your ability to become a lead
plaintiff by contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A
Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven
have combined experience litigating securities and class action cases of
over 40 years. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be a
member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/986-0036
Email Contact