Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Lawsuit Filed Against Eargo, Inc. (EAR) and Encourages Investors with Significant Losses to Contact the Firm | State

RADNOR, Pa., November 19, 2021 / PRNewswire / – Law firm Kessler Topaz Meltzer & Check, LLP has announced that a securities class action lawsuit has been filed against Eargo, Inc. (“Eargo”) (NASDAQ: EAR). The lawsuit charges Eargo with violations of US securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. As a result of Eargo’s materially misleading statements, Eargo investors have suffered significant losses.

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CLICK HERE TO SUBMIT YOUR EARGO LOSSES

DEADLINE OF THE LEADING APPLICANT: December 6, 2021

SCHOOL LESSON: October 15, 2020 by September 22, 2021

CONTACT A LAWYER TO DISCUSS YOUR RIGHTS:

James Maro, Esq. (484) 270-1453 or Duty free (844) 887-9500 or email to [email protected]

DISCLOSED MISCONDUCT BY EARGO

Eargo, headquarters San Jose, California, is a medical technology company that specifically manufactures hearing aids and sells them via online platforms. The hearing aids sold by Eargo are designed to improve hearing loss by allowing natural bass sounds to flow more freely into the ear canal.

on October 16, 2021, Eargo went public (“IPO”) and sold more than 9 million shares of Eargo common stock $ 18.00 per share that’s about $ 160 million in gross proceeds. on August 12, 2021When releasing its financial results for the second quarter of 2021, Eargo announced that its largest third party payer, an insurance company, was conducting a loss assessment of the company. Then, on 09/22/2021Eargo reported that the US Department of Justice (“DOJ”) was conducting a criminal investigation into the company’s insurance reimbursement claims it was filing on behalf of its customers when purchasing the company’s associated hearing aids. Eargo also stated that in light of the DOJ’s investigation, the company will withdraw its financial guidance for the past fiscal year December 31, 2021.

After that news, Eargo stock plunged and on September 23, 2021, the stock closed $ 6.86 per share and even drops by 65%.

WHAT CAN I DO?

Eargo Investors can not later than December 6, 2021, seek to be appointed as lead class agent through Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Eargo investors who have suffered significant losses to contact the company directly for more information.

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Who can be a lead plaintiff?

A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. The main plaintiff is usually the investor or small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the group, and those attorneys, if approved by the court, are lead or class plaintiffs. Your ability to participate in a recovery will not be affected by whether or not you wish to be the lead plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP

Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts across the country and worldwide. The company has built a worldwide reputation for excellence and reclaimed billions of dollars for victims of corporate fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and trustees. Ultimately, we succeeded if the bad guys pay and you get your wealth back. The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topas Meltzer & Check, LLP

James Maro, Jr., Esq.

280 König-von-Preußen-Strasse

Radnor, PA 19087

(844) 887-9500 (toll free)

[email protected]

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SOURCE Kessler Topas Meltzer & Check, LLP