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ABMD > SEC Filings for ABMD > Form 8-K on 11-Jun-2014All Recent SEC Filings

Show all filings for ABIOMED INC

Form 8-K for ABIOMED INC


Other Events

Item 8.01 Other Events.

As previously reported, on February 4, 2013, an alleged holder of our common stock filed a derivative action on our behalf against each of our directors in the U.S. District Court for the District of Massachusetts. The complaint alleged that the directors breached their fiduciary duties to us and our stockholders in connection with disclosures related to the U.S Food and Drug Administration and the marketing and labeling of our Impella 2.5 product and sought damages in an unspecified amount.

On March 22, 2013, we filed a motion to dismiss the derivative action. On June 21, 2013, the U.S. District Court entered an order granting our motion and dismissed the derivative action in its entirety. The plaintiff appealed the dismissal to the United States Court of Appeals for the First Circuit. Oral argument was conducted before the appellate court on February 5, 2014. On June 10, 2014, the United States Court of Appeals for the First Circuit affirmed the order of dismissal.

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