by Daniel Webster, dWeb.News Publisher
NEW YORK, Nov. 24, 2021 /PRNewswire/ — The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired: (a) Eargo, Inc. shares in or traceable to the Company’s initial public offering of common stock conducted on or around October 15, 2020; and/or (b) shares of Eargo common stock between October 15, 2020 and September 22, 2021, inclusive. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost to you.
Eargo, Inc. NEWS – EAR NEWS
CASE DETAILS: According to the filed complaint: (1) Eargo had improperly sought reimbursements from certain third-party payors; (2) the foregoing was reasonably likely to lead to regulatory scrutiny; (3) as a result and because the reimbursements at issue involved the Company’s largest third-party payor, Eargo’s financial results would be adversely impacted; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Eargo, you have until December 6, 2021 to request that the Court appoint you as lead plaintiff. You don’t have to serve as the lead plaintiff in order to be eligible for any recovery.
You may be eligible for compensation if you bought Eargo shares within the applicable timeframes.
PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/eargo-inc-loss-submission-form?prid=20914&wire=5
or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.
WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent shareholders who have been wronged or harmed by corporations.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our lawyers have a proven track record of recovering millions of dollars for investors through securities litigation. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.
SOURCE Levi & Korsinsky, LLP
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