An investigation for investors in Tactile Systems Technology, Inc. (NASDAQ:TCMD) shares over potential securities laws violations by Tactile Systems Technology, Inc. was announced.

San Diego, CA -- (SBWire) -- 06/22/2020 --Tactile Systems Technology, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Tactile Systems Technology, Inc. (NASDAQ: TCMD), 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 Tactile Systems Technology, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Minneapolis, MN based Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices for chronic diseases in the United States. On June 8, 2020, a report was issued entitled "Strong Sell On Tactile Systems: Bloated Stock Needs Compression Therapy." Specifically, the report stated, "We address the likely true source of Tactile's growth: a kickback arrangement, we believe, is resulting in rampant over-prescribing. Payers, including the VA, are cracking down and cutting reimbursement to Tactile." The report went on to say, "Medicare has launched an audit, and data reveals Tactile has been found non-compliant on 71% of its claims. We believe management has made no mention of these audits to investors."

Those who purchased shares of Tactile Systems Technology, Inc. (NASDAQ: TCMD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
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.