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Glancy Binkow & Goldberg LLP Announces Proposed Settlement of Class Action in the Curry v. Hansen Medical, Inc. Litigation

LOS ANGELES, Aug. 19, 2013 (GLOBE NEWSWIRE) -- The following statement is being issued by Glancy Binkow & Goldberg LLP regarding the Curry v. Hansen Medical, Inc. Litigation.

UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
OAKLAND DIVISION

ROBERT CURRY, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. HANSEN MEDICAL, INC., FREDERIC H. MOLL, STEVEN M. VAN DICK, GARY C. RESTANI, and CHRISTOPHER SELLS, Defendants.

Lead Case No. 4:09-cv-05094-CW

SUMMARY NOTICE

This Document Relates To: ALL ACTIONS.

TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED HANSEN MEDICAL, INC. COMMON STOCK BETWEEN FEBRUARY 19, 2008 AND OCTOBER 18, 2009, INCLUSIVE.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of California, that a hearing will be held on November 21, 2013, at 2:00 p.m., before The Honorable Claudia Wilken, at the United States District Court - Oakland Courthouse, Courtroom 2 − 4th Floor, 1301 Clay Street, Oakland, CA 94612, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Litigation for the sum of $4.25 million in cash and $4.25 million in stock should be approved by the Court as fair, reasonable and adequate to Members of the Class; (2) whether to certify the Settlement Class; (3) whether, thereafter, this Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement dated May 9, 2013; (4) whether the proposed plan to distribute the Settlement proceeds (the "Plan of Allocation") is fair, reasonable and adequate and therefore should be approved; and (5) whether the application of Lead Counsel and Lead Plaintiffs for the payment of attorneys' fees and expenses incurred in connection with this Litigation should be approved. If you purchased or acquired Hansen Medical, Inc. common stock between February 19, 2008 and October 18, 2009, inclusive, your rights may be affected by this Settlement. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action, Motion for Attorneys' Fees and Expenses and Settlement Fairness Hearing (the "Notice") and a copy of the Proof of Claim and Release, you may obtain copies by writing to Curry v. Hansen Medical, Inc., c/o GCG, P.O. Box 35067, Seattle, WA 98124-3508, or you can download a copy at www.HansenMedicalSecuritiesLitigation.com or by calling the Claims Administrator toll-free at 1 (888) 985-9896. If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than October 25, 2013, establishing that you are entitled to recovery.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Lead Counsel at the address listed below:

Lionel Z. Glancy Esq.

Glancy Binkow & Goldberg LLP

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

1 (888) 773-9224

settlements@glancylaw.com

or go to the following website: www.HansenMedicalSecuritiesLitigation.com

DATED: July 25, 2013

CONTACT: Glancy Binkow & Goldberg LLP 1 (888) 773-9224Source:Glancy Binkow & Goldberg LLP