The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Penumbra, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
THE ANGEL, January 21, 2021 / PRNewswire / – Schall law firm, a national shareholder rights law firm, has announced it has filed a class action lawsuit against Penumbra, Inc. (“Penumbra” or “the Company”) (NYSE: PEN) for §§ violations. 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 have bought the company’s securities between August 3, 2020 and December 15, 2020inclusive (the “Lesson Period”) it is recommended to contact the Company beforehand March 162021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to get in touch Brian Schall the law firm Schall, 2049 Century Park East, Suite 2460, Los Angeles, California 90067, 310-301-3335 to discuss your rights free of charge. You can also contact us on the company’s website at www.schallfirm.com or by email at [email protected].
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. Penumbra’s Jet 7 Xtra Flex suffered from known design flaws that made the product unsafe. Despite such incidents, the company has not properly addressed the risk of serious injury or death from the use of Jet 7 Xtra Flex. Jet 7 Xtra Flex has likely been recalled for security reasons. 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 penumbra, 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.
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.
SOURCE The law firm Schall