Defendant Name: Hansen Medical, Inc.

Defendant Type: Public Company
SIC Code: 3842
CUSIP: 41130710

Initial Case Details

Legal Case Name In the Matter of Hansen Medical, Inc.
First Document Date 06-Oct-2011
Initial Filing Format Administrative Action
File Number 3-14578
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 06-Oct-2011

Related Documents:

33-9265 06-Oct-2011 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On October 6, 2011, the SEC accepted Hansen Medical Inc.'s offer of settlement and imposed a Cease-and-Desist Order. According to the SEC: "This matter involves false financial reporting and related violations of the federal securities laws by Hansen Medical, Inc., a medical equipment company based in Mountain View, California. On four separate occasions in 2008 and 2009, Hansen's top sales executives were involved in fraudulent sales transactions, causing the company to report quarterly revenue to investors that had been improperly and materially overstated."

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