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Faruqi & Faruqi Announces Tentative Settlement of $7.5 Million in the Hansen Medical, Inc. Shareholder Litigation

February 19, 2019

Faruqi & Faruqi is pleased to announce a tentative settlement has been reached in the shareholder litigation over the 2016 cash out merger of Hansen Medical, Inc. with Auris Surgical Robotics, Inc. The complaints alleged that the merger agreement was the result of a flawed and conflicted sales process undertaken by a group of insiders and the merger consideration for minority shareholders was inadequate. Complaints were filed in Delaware Chancery Court and in California state court. Faruqi & Faruqi was appointed co-lead counsel in the consolidated California state court actions.  Plaintiffs have sought preliminary approval in California to settle all shareholder and derivative claims arising from the merger. On preliminary approval by the Court, notices will be issued to class members to advise them of their rights and regarding future proceedings.

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