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Press release content from NewMediaWire. The AP news staff was not involved in its creation.

PENUMBRA INVESTOR ALERT

December 22, 2020 GMT
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Faruqi & Faruqi LLP
1 of 2
Faruqi & Faruqi LLP

Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Penumbra To Contact Him Directly To Discuss Their Options

NEW YORK - ( NewMediaWire ) - December 21, 2020 - Faruqi & Faruqi, LLP, a leading minority and certified woman-owned national securities law firm, is investigating potential claims against Penumbra, Inc. (“Penumbra” or the “Company”) (NYSE:PEN).

If you suffered losses exceeding $50,000 investing in Penumbra stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/PENor call Faruqi & Faruqi partner James Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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On November 10, 2020, Quintessential Capital Management issued a research report on Penumbra entitled “Penumbra and its ‘Killer Catheter’: A tale of corporate greed and seemingly blatant disregard for patients’ lives[.]”

Then, on December 8, 2020, Quintessential Capital Management released a follow-up research report entitled “Is Penumbra’s core scientific research authored by a fake person?: The incredible story of Penumbra’s Dr. Antik Bose[.]” The report alleged that some of the Company’s scientific research appear to have been incorrectly credited or even authored by a fake individual.

On the news of the report, Penumbra’s stock price fell $19.95 per share, or 8.91%, to close at $204.07 per share on December 8, 2020.

Then, on December 15, 2020, after the market, Penumbra announced that it was voluntarily “recalling its JET 7 Xtra Flex because the catheter may become susceptible to distal tip damage during use[, which] may result in potential vessel damage, and subsequent patient injury or death.”

On this news, Penumbra’s stock price fell $13.84 per share, or 7.33%, to a close of $174.98 per share on December 16, 2020. 

Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential manner.