Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Eargo, Inc. (EAR) on Behalf of Investors - Yahoo Finance
LOS ANGELES, September 23, 2021--(BUSINESS WIRE)--Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Eargo, Inc. ("Eargo" or the "Company") (NASDAQ: EAR) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your Eargo investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/eargo-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On September 22, 2021, after the market closed, Eargo revealed that "it is the target of a criminal investigation by the U.S. Department of Justice (the ‘DOJ’) related to insurance reimbursement claims the Company has submitted on behalf of customers covered by federal employee health plans." Moreover, the DOJ is the "principal contact related to the subject matter of the [ongoing] audit" of Eargo by an insurance company that is the Company’s largest third-party payor. As a result, Eargo withdrew its full year financial guidance.
On this news, the Company’s share price fell as much as 68% during intraday trading on September 23, 2021, thereby injuring investors.
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Whistleblower Notice: Persons with non-public information regarding Eargo should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
source: https://finance.yahoo.com/news/glancy-prongay-murray-llp-leading-213000065.html
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