PROCEDURE FILED – EARGO sued for violations of securities law; Investors should contact Block & Leviton for more information | 2021-10-07 | Press Releases
Boston, Mass .– (Newsfile Corp. – October 7, 2021) – Block & Leviton announces that a class action lawsuit has been filed against Eargo, Inc. (NASDAQ: EAR) for potential securities law violations. Investors who have bought stocks and lost money are encouraged to contact the firmto learn more about how they might recoup those losses. For more details, visit https://www.blockleviton.com/cases/ear.
What is all this?
After markets closed on September 22, 2021, Eargo revealed that she was the target of a U.S. Department of Justice (DOJ) criminal investigation into the insurance reimbursement claims the company submitted on behalf of its clients covered by federal employee health plans. . In light of this information, Eargo has also announced that it is withdrawing its financial guidance for the year ending December 31, 2021.
On this news, Eargo’s shares fell more than 50% in the hours of trading after the market.
Who is eligible?
Anyone who bought Eargo shares between February 25, 2021 and September 22, 2021 is potentially eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to find out more.
What should you do next?
The deadline to apply for appointment as a lead applicant is December 6, 2021. A group has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose to do nothing, you can remain an absent member of the group.
Why contact Block & Leviton?
Many law firms have published press releases on this subject; most of these companies do not actually litigate class actions in securities. Block & Leviton is a law firm that actually litigates cases. We are committed to securing large collections on behalf of defrauded investors through active litigation in federal courts across the country. Many of the country’s leading institutional investors hire us to represent their interests. You can find out more about us on our website, www.blockleviton.com, or call (617) 398-5600 or email [email protected] with any questions.
This notice may constitute a lawyer advertisement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98952