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Stock Market & Financial Investment News

News Breaks
May 12, 2014
08:38 EDTCSIICardiovascular Systems discloses Civil Investigative Demand
Cardiovascular Systems disclosed late Friday that it received a letter from the U.S. Attorney's Office for the Western District of North Carolina stating that it is investigating the company to determine whether it has violated the False Claims Act, resulting in the submission of false claims to federal and state health care programs, including Medicare and Medicaid. The letter enclosed a Civil Investigative Demand for written interrogatories and document requests. Cardiovascular said, "The Company maintains rigorous policies and procedures to promote compliance with the False Claims Act and other regulatory requirements, and is working with the U.S. Attorney’s Office to promptly respond to the CID. However, the Company cannot predict when the investigation will be resolved, the outcome of this investigation or its potential impact on the Company."
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November 17, 2014
10:50 EDTCSIICardiovascular Systems management to meet with Needham
Meetings to be held in Southern California November 18-19 hosted by Needham.

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