Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Nov. 27, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Paragon 28, Inc. ("Paragon 28" or the "Company") (NYSE: FNA) investors of a class action representing investors that bought securities between May 5, 2023 and August 8, 2024, inclusive (the "Class Period"). Paragon 28 investors have until November 29, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On July 30, 2024, after the market closed, Paragon 28 filed a Form 8-K with the SEC. In the report, the Audit Committee of the Board of Directors stated that, after consulting with management, they concluded that the company’s previously issued audited financial statements for the fiscal year ending December 31, 2023, and the unaudited financial statements for the quarters ending March 31, 2023, June 30, 2023, September 30, 2023, and March 31, 2024, should no longer be relied upon due to errors. As a result, the company plans to restate these financial statements by amending its Annual Report on Form 10-K for 2023 and its Quarterly Report on Form 10-Q for March 31, 2024, as soon as possible.
Following this announcement, Paragon 28's stock dropped by $1.24 per share, or 13.7%, closing at $7.79 per share on July 31, 2024.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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