February 28, 2019

Wolf Popper LLP Reaches $7.5 Million Settlement in Hansen Medical Stockholder Lawsuit

Hansen Medical, Inc. | Case | Wolf Popper LLP

On February 5, 2019, the parties in In re Hansen Medical, Inc. Stockholder Litigation, together with the parties in a companion case in California, entered into a settlement agreement, that would create a $7,500,000.00 settlement fund for class members.  The settlement follows a June 18, 2018 decision from the Delaware Court of Chancery (discussed here) finding that the plaintiffs, represented by Wolf Popper LLP, sufficiently alleged breaches of fiduciary duty in connection with the 2016 “squeeze-out” of Hansen Medical by a group of company insiders.