An investigation on behalf of current long term investors in Eargo, Inc. (NASDAQ:EAR) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/18/2022 -- Certain directors of Eargo, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Eargo, Inc. (NASDAQ: EAR) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: EAR stocks follows a lawsuit filed against Eargo, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EAR stocks, concerns whether certain Eargo, Inc directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that Eargo had improperly sought reimbursements from certain third-party payors, that the foregoing was reasonably likely to lead to regulatory scrutiny, that, as a result and because the reimbursements at issue involved the Company's largest third-party payor, Eargo's financial results would be adversely impacted, and that as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
Those who purchased shares of Eargo, Inc. (NASDAQ: EAR) have certain options and should contact the Shareholders Foundation.
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