Defendant Name:
Hansen Medical, Inc.
Defendant Type:
Public Company
SIC Code:
3842
CUSIP:
41130710
Document Reference:
33-9265
Document Details
Legal Case Name
In the Matter of Hansen Medical, Inc.
Document Name
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
Document Date
06-Oct-2011
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
