Summary of the Action and Settlement
This website relates to a proposed Settlement of claims in a pending securities class action (the “Action”) alleging that Edwards Lifesciences Corporation (“Edwards”) and its Chief Executive Officer, Bernard J. Zovighian (together, “Defendants”) violated the federal securities laws by making materially false and misleading statements during the Class Period (defined below) concerning the growth prospects of Edwards’ core product, its transcatheter aortic valve replacement (“TAVR”) platform. A more detailed description of the Action is set forth in the Notice. Defendants deny all allegations in the Action and deny any violations of the federal securities laws.
Subject to Court approval, Lead Plaintiffs City of Fort Lauderdale Police & Firefighters’ Retirement System and Louisiana Sheriffs’ Pension & Relief Fund (together, “Lead Plaintiffs”), on behalf of the Settlement Class, have agreed to settle the Action in exchange for a cash payment of $39,000,000.
If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely and validly request to be excluded. The Settlement Class consists of:
all persons or entities who purchased or otherwise acquired Edwards common stock during the period from February 6, 2024, through July 24, 2024, inclusive (the “Class Period”), and were damaged thereby.
Certain persons and entities are excluded from the Settlement Class by definition (see paragraph 30 of the Notice). Also excluded from the Settlement Class are any persons and entities that submit a request for exclusion from the Settlement Class that is accepted by the Court.
Please read the Notice to fully understand your rights. Copies of the Notice and Claim Form can be found in the menu at the top of this page.
The deadline to submit a Claim Form to be eligible to participate in the proposed Settlement is December 2, 2026. Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and any appeals are resolved, and only after the completion of all claims processing. Please be patient, as this process will take some time to complete.