BOSTON, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Establishment Labs Holdings, Inc. (NASDAQ: ESTA) for potential securities law violations. Investors who have lost money in their Establishment Labs Holdings, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/esta.
What is this all about?
On October 19, 2022, Hindenburg Research issued a short report on Establishment Labs Holdings, Inc., alleging that despite claims by the silicone breast implant manufacturer that its implants are safer than those of competitors, citing its science and data backed “revolutionary technology”, “[Hindenburg] found that almost all key safety studies touted by the company have conflicts of interest, with many undisclosed or under-disclosed.”
Additionally, the Hindenburg report notes concerns with the Establishment Lab’s data by Australian and French authorities, conflicts of interest with entities formerly owned by the CEO and his family, “dozens of patient testimonials and multiple lawsuits stand at stark odds with Establishment’s claims of safety and satisfaction”, and other issues.
Shares of Establishment Labs Holdings, Inc. stock dropped more than 20% in premarket trading after the Hindenburg report was released and shares were down more than 17% once the market opened on October 19, 2022.
Who is eligible?
Anyone who purchased Establishment Labs Holdings, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
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 cases@blockleviton.com with any questions.
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CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
