The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against iRhythm Technologies, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Los Angeles, Calif .– (Newsfile Corp. – February 6, 2021) – Schall law firm, a national stockholder rights law firm, has announced a class action lawsuit against iRhythm Technologies, Inc. (“iRhythm” or “the Company”) (NASDAQ: IRTC) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between August 4, 2020 and January 28, 2021 (including the “Class Period”) are advised to contact the Company before April 2, 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 at no charge. You can also contact us on the company’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 certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. The rulings of the US Centers for Medicare and Medicaid Services (“CMS”) adversely affected iRhythm’s business. As a result, the company’s reimbursement rates decreased. Further uncertainties and weaknesses in the company’s business were caused by the lack of national prices in the CMS rule and in the fee schedule. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about iRhythm, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class and shareholder disputes.
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Brian Schall, Esq.,
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The source version of this press release can be found at https://www.newsfilecorp.com/release/73826