Stock Watch: HeartWare (NASDAQ:HTWR) recalls older HeartWare clinical trial controllers

HeartWare International  (NASDAQ:HTWR) is going to issue  a voluntary Urgent Medical Device Recall in the United States related to older HeartWare Ventricular Assist System Controllers, which were distributed in the U.S. during the clinical trial period prior to FDA approval in 2012. HeartWare has commenced this field action in other countries in recent weeks. In letters to clinicians and patients, the company advises that affected clinical trial controllers exhibit a higher susceptibility to electrostatic discharge, or ESD, than newer, commercial controllers.

 

Error in Retrophin ‘s (NASDAQ:RTRX) certain  2013, 2014 financial statements. The financial statements contained in the Retrophin's(NASDAQ:RTRX) Form 10-Q for the three months ended September 30, 2013, the company’s Form 10-K for the year ended December 31, 2013 and the company’s Forms 10-Q for the quarters ended March 31, 2014, June 30, 2014 and September 30, 2014 contain errors related to certain consulting agreements, the predominant purpose of which appears to have been to settle and release claims against the MSMB Entities or former CEO Martin Shkreli personally. On February 19, the board concluded that as a result of the errors related to such consulting agreements, the financial statements contained in the 2013 Q3 Form 10-Q and the 2013 Form 10-K should no longer be relied upon. The company’s authorized officers have discussed such matters with Marcum LLP. The company will correct such errors, including any related disclosures, in the company’s Form 10-K for the year ended December 31, 2014.

 

Duke Energy (NYSE:DUK) , U.S. reach proposed agreement on Dan River coal ash spill. Duke Energy (NYSE:DUK ) has informed that it has reached a proposed agreement with the U.S. government that, if approved, would close a federal investigation of its subsidiaries, Duke Energy Carolinas, Duke Energy Progress and Duke Energy Business Services, related to the Dan River coal ash spill and ash basin operations at other North Carolina coal plants. The agreement is subject to review and approval by the U.S. District Court for the Eastern District of North Carolina. The agreement would also require Duke Energy Carolinas and Duke Energy Progress to pay a total of $68.2M in fines and restitution and $34M for community service and mitigation.