SAN DIEGO, May 02, 2024 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of iRhythm Technologies, Inc. (NASDAQ: IRTC).
Investors, who purchased iRhythm Technologies, Inc. (NASDAQ: IRTC) shares and continue to hold any of those NASDAQ: IRTC) shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 06, 2024, a lawsuit was filed against iRhythm Technologies, Inc. over alleged securities laws violations.
The lawsuit seeks to recover losses on behalf of certain investors in NASDAQ: IRTC shares.
The plaintiff alleges that the defendants falsely represented to investors that the Zio AT monitor was a real-time monitor intended for high-risk patients, that the Defendants repeatedly touted the potential growth for the Zio AT as an innovative product that had only just begun to penetrate the market for real-time monitoring, which investors looked upon favorably given the premium selling price associated with devices approved for high-risk patients, and that as a result of these misrepresentations, the price of iRhythm common stock traded at artificially inflated prices between January 11, 2022, and May 30, 2023.
Those who purchased iRhythm Technologies, Inc. (NASDAQ: IRTC) shares and continue to hold any of those NASDAQ: IRTC) shares, have also certain options and should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
