Stull, Stull & Brody Announces Lawsuit on Behalf of Shareholders of AtriCure, Inc.

• Press Release
• Source: Stull, Stull & Brody
• On 11:52 am EST, Tuesday January 13, 2009

NEW YORK, NY--(MARKET WIRE)--Jan 13, 2009 -- Attorney Advertising. Notice is hereby given that a lawsuit has been filed in the in the United States District Court for the Southern District of Ohio on behalf of shareholders of AtriCure, Inc. ("AtriCure" or the "Company") (NasdaqGM:ATRC - News).

Related Quotes

Symbol	Price	Change
ATRC	5.12	+0.12

{"s" : "atrc","k" : "c10,l10,p20,t10","o" : "","j" : ""}

The complaint alleges that defendants fraudulently inflated the price of AtriCure's securities by improperly promoting its products to physicians and improperly causing the filing of false claims for reimbursement. On October 31, 2008, AtriCure shocked investors when the Company revealed that it had received a letter from the U.S. Department of Justice - Civil Division (the "DOJ") informing the Company that it was being investigated for potential False Claims Act and common law violations relating to the Company's surgical ablation devices. AtriCure further disclosed that the DOJ was specifically investigating the Company's marketing practices utilized in connection with AtriCure's surgical ablation system to treat atrial fibrillation, a specific use outside the FDA's 510(k) clearance. Moreover, the Company revealed that the COJ was investigating whether AtriCure instructed hospitals to bill Medicare for surgical ablation using incorrect billing codes. As a result of this news, the Company's shares declined $2.53 per share, or 39.31%, to close on November 3, at $3.89 per share, on unusually heavy trading volume.

You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Los Angeles.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by e-mail at ssbny@aol.com, by calling toll-free 1-800-337-4983, by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

     Contact:
     Aaron Brody, Esq.
     Stull, Stull & Brody
     ssbny@aol.com
     toll-free 1-800-337-4983
     fax 1-212-490-2022
     Stull, Stull & Brody
     6 East 45th Street
     New York, NY 10017
     http://www.ssbny.com