LAWSUIT FILED – EARGO Sued for Securities Law Violations; Investors Should Contact Block & ...
BOSTON, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Block & Leviton announces that a class action lawsuit has been filed against Eargo, Inc. (NASDAQ: EAR) for potential securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/ear.
What is this all about?
After the markets closed on September 22, 2021, Eargo disclosed that it is the target of a criminal investigation by the U.S. Department of Justice (DOJ) related to insurance reimbursement claims the Company has submitted on behalf of its customers covered by federal employee health plans. In light of this information, Eargo also announced it is withdrawing its financial guidance for the fiscal year ending December 31, 2021.
On this news shares of Eargo stock fell over 50% in after-market hours trading.
Who is eligible?
Anyone who purchased Eargo stock 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 learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is December 6, 2021. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation’s top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email firstname.lastname@example.org with any questions.
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