TACTILE SYSTEMS TECHNOLOGY Investors With Losses Greater Than $100,000 …

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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

PHILADELPHIA, Oct. 12, 2020 (GLOBE NEWSWIRE) — Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Tactile Systems Technology, Inc. (“Tactile” or the “Company”) ( NASDAQ: TCMD ) to determine whether Tactile engaged in securities fraud or other unlawful business practices.

Tactile investors who purchased, or otherwise acquired, the Company’s securities between May 7, 2018 and June 8, 2020, both dates inclusive (the “Class Period”), and suffered losses greater than $100,000 are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], to discuss the securities investigation or potential legal claims.

IF YOU WISH TO SERVE AS LEAD PLAINTIFF, YOU MUST MOVE THE COURT NO LATER THAN NOVEMBER 30, 2020. To be a member of the class action, you do not need to take any action at this time; you may retain counsel of your choice; or you can take no action and remain an absent member of the class action. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel, unless you retain an attorney. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

According to a class action lawsuit filed on September 29, 2020 in United States District Court, District of Minnesota, during the Class Period, the Tactile Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies, and financial results.

According to the class action complaint, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) while Tactile publicly touted a

Bernstein Liebhard is Investigating Tactile Systems Technology, Inc. For Violations of the Securities Laws

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Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Tactile Systems Technology, Inc. (“Tactile” or the “Company”) (NASDAQ: TCMD) resulting from allegations that Tactile might have issued misleading information to the investing public.

If you purchased Tactile securities, and/or would like to discuss your legal rights and options please visit TCMD Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected]

On June 8, 2020, research firm OSS Research published a scathing report about the Company entitled “Strong Sell on Tactile Systems: Bloated Stock Needs Compression Therapy.” In the report, OSS Research accused Tactile of (1) overstating its total addressable market by nearly $4.7 billion, (2) using a “‘daisy-chaining kick-back scheme’ that has resulted in rampant overprescribing and rapid market share gains at the expense of patients, insurers and the public,” and (3) concealing Medicare audits resulting in denials, for failure to establish medical necessity, of a whopping 71% of Tactile’s submitted claims.

On this news, the Company’s stock price fell $6.05, or 11.69%, from its June 8, 2020 opening price of $51.72 per share to a June 9, 2020 close of $45.67.

If you purchased Tactile securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/tactilesystemstechnologyinc-tcmd-shareholder-class-action-lawsuit-stock-fraud-317/apply/ or contact Matthew E. Guarnero toll free 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 retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot