IMPORTANT INVESTOR ALERT – Expanded Class Period: EARGO, INC. (NASDAQ:EAR) CLASS ACTION LAWSUIT DEADLINE REMINDER: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Eargo, Inc.

NEW YORK, NY / ACCESSWIRE / Nov 17, 2021 / Bernstein Liebhard, a nationally recognized investor rights law firm, reminds investors of the December 6, 2021 Deadline for filing a lead motion in a securities class action lawsuit filed on behalf of investors who have purchased or acquired the securities of Eargo, Inc. (“Eargo” or the “Company”) (NASDAQ: EAR) by NEW EXTENDED CLASS PERIOD from October 12, 2020 to September 22, 2021 (the “Class Period”). The lawsuit filed in the U.S. District Court for the Northern District of California alleges violations of the Securities Act of 1934.

if you Have purchased Eargo securities and / or wish to discuss your legal rights and options Please visit Eargo, Inc., or apply to class action lawsuit Joe Seidman free of charge at (877) 779-1414 or [email protected].

According to the lawsuit, defendants made materially false and / or misleading statements and failed to disclose material adverse facts about the business, operations and prospects of the company. In particular, Defendants failed to disclose to investors: (1) that Eargo wrongly sought reimbursements from certain third party payers; (2) that the foregoing would, with sufficient probability, lead to an official review; (3) that Eargo’s financial statements would be adversely affected as the reimbursements in question affect the company’s largest third party payer; and (4) as a result, defendants’ statements about its business, operations and prospects were materially false and misleading and / or were in unfeasible basis at all relevant times.

On August 12, 2021, when Eargo released its financial results for the second quarter of 2021, it announced that its largest third party payer is conducting a claims assessment and has not paid the company since March 1, 2021.

In light of this news, Eargo stock fell $ 8.00 per share and closed at $ 24.70 per share on August 13, 2021, hurting investors.

The story goes on

On September 22, 2021, Eargo announced that it was the target of a U.S. Department of Justice criminal investigation into insurance reimbursement claims the company had filed on behalf of customers covered by state health insurance.

As a result of this news, Eargo stock fell $ 14.00 per share and closed at $ 6.86 per share on September 23, 2021, hurting investors.

If you want to stand as the lead plaintiff, you will have to postpone the court December 6, 2021 at the latest. A lead plaintiff is a representative party who acts on behalf of other members of the group in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you do nothing, you can remain an absent class member.

if you Have purchased Eargo securities and / or wish to discuss your legal rights and options Please visit https://www.bernlieb.com/cases/eargoinc-ear-shareholder-class-action-lawsuit-fraud-stock-444/ or contact Joe Seidman free of charge at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $ 3.5 billion for its clients. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to oversee their assets and litigate on their behalf. As a result of its success in hundreds of lawsuits and class actions, the firm has been listed on the National Law Journal’s “Plaintiffs’ Hot List” thirteen times and The Legal 500 for ten consecutive years.

ADVERTISING LAWYER. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The attorney responsible for this complaint in the Connecticut state is Michael S. Bigin. Past results do not guarantee or predict a similar result with respect to future matters.

Contact information:

Joe Seidman
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

SOURCE: Bernstein Liebhard LLP

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