Shareholders say “not so fast!” Revive suit against Cardiovascular Systems

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Here we go again, shareholders bring lawsuit back to life after recent action…

Shareholders revive class-action kickbacks suit against Cardiovascular Systems

Shareholders revived a purported class-action kickbacks lawsuit against Cardiovascular Systems (NSDQ:CSII) that was dismissed without prejudice earlier this year, citing in the new complaint a $25 million judgment against the company in a related case.

St. Paul, Minn.-based CSI paid $8 million to settle a federal False Claims Act suit in July 2016 that accused it of running a kickbacks program by offering free, all-expense-paid training programs “followed by explicit demands by CSI employees that attendees use CSI products on future patients,” giving away product for free, 3rd-party referral channel marketing, and….

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