Lawsuit on Behalf of Investors in Thoratec Corporation (THOR) Announced by Shareholders Foundation

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SAN DIEGO, Feb. 24, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of Thoratec Corporation (THOR) common stock over alleged violations of Federal Securities Laws by Thoratec Corporation in connection with certain allegedly false and misleading statements made between April 29, 2010 and November 27, 2013.

If you purchased shares of Thoratec Corporation (THOR) between April 29, 2010 and November 27, 2013, and / or if you purchased THOR shares in 2010 or earlier and currently hold any of those shares, you have certain options and you should contact the Shareholders Foundation before March 24, 2014 at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants failed to disclose that the Company's HeartMate II Left Ventricular Assist Device had significant risk of pump thrombosis, causing numerous fatalities and that as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.

On November 27, 2013, a study conducted by the Cleveland Clinic was published in the New England Journal of Medicine that said that an increasing rate of blood clots in patients implanted with the Company's HeartMate II device caused a high incidence of blood clots in heart patients.

The plaintiff seeks to recover damages on behalf of all purchasers of Thoratec Corporation (THOR) common stock between April 29, 2010 and November 27, 2013.

Shares of Thoratec Corporation (THOR) declined from $43.30 per share on November 15, 2013, to as low as $33.59 per share on February 4, 2014.

Those who purchased shares of Thoratec Corporation have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT: Shareholders Foundation, Inc. Trevor Allen +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108

Source:Shareholders Foundation, Inc.