SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Eargo, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL–(BUSINESS WIRE) – Schall Law Firm, a national shareholder law firm, has announced that it has filed a class action lawsuit against Eargo, Inc. (“Eargo” or “the Company”) (NASDAQ: EAR) for violating US securities laws.
Investors who acquired and / or on the Company’s shares in accordance with the Company’s initial public offering on October 15, 2020 (the “IPO”) or between October 15, 2020 and September 22, 2021 inclusive (the “Class Period”) are due. , are requested to contact the law firm before December 6, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us on the firm’s website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certified. If you do nothing, you can remain an absent class member.
According to the lawsuit, the company provided false and misleading information to the market. Eargo requested improper payments from third party payers. The source of the reimbursements in question was the company’s third largest payer. This activity would likely lead to a regulatory audit and adversely affect the company’s financial results. Because of these facts, the company’s public statements were false and materially misleading throughout the course period. When the market learned the truth about Eargo, investors suffered damage.
Join the case to make up for your losses.
The law firm Schall represents investors worldwide and specializes in securities class actions and shareholder disputes.
This news release may be viewed as a solicitation in some jurisdictions under applicable law and ethical rules.