An investigation for investors in Treace Medical Concepts, Inc. (NASDAQ:TMCI) shares over potential securities laws violations by Treace Medical Concepts, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/05/2022 -- Treace Medical Concepts, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI), 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 focuses on whether a series of statements by Treace Medical Concepts, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Ponte Vedra, FL based Treace Medical Concepts, Inc., an orthopedic medical device company, engages in the design, manufacture, and marketing of medical devices for foot and ankle surgeons in the United States.
On November 15, 2022, Culper Research published a short report on Treace Medical Concepts, Inc. (the "Culper Report"). The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of medical advancements, but in aggressive reimbursement practices and deceptive DTC marketing," which the Culper Report described "as problematic and self-defeating, as insurers appear to have begun placing Lapiplasty procedure reimbursements under scrutiny while customer complaints about misleading claims from Treace are mounting."
Shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI) declined from $24.99 to $19.34 per share on November 15, 2022.
Those who purchased shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI) have certain options and should contact the Shareholders Foundation.
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