An investigation for investors in iRhythm Technologies, Inc. (NASDAQ: IRTC) shares over potential securities laws violations by iRhythm Technologies, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/01/2019 -- iRhythm Technologies, Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of iRhythm Technologies, Inc. (NASDAQ: IRTC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by iRhythm Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based iRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States. Between March 13 and March 27, 2019, a series of reports alleged that the Company's revenue base relied on "an exceedingly generous, but increasingly fragile, reimbursement regime." These reports also alleged that iRhythm Technologies, Inc engaged in deceptive accounting practices. Shares of iRhythm Technologies, Inc. (NASDAQ: IRTC) declined from $98.13 per share on February 27, 2019 to as low as $65.09 per share on April 2, 2019.
Those who purchased shares of iRhythm Technologies, Inc. (NASDAQ: IRTC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.