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BOSTON, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Eargo, Inc. (NASDAQ: EAR) for potential securities law violations. Investors who have lost money in their Eargo investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/ear.
What is this all about?
After the markets closed on September 22, 2021, Eargo disclosed that it is the target of a criminal investigation by the U.S. Department of Justice (DOJ) related to insurance reimbursement claims the Company has submitted on behalf of its customers covered by federal employee health plans. In light of this information, Eargo also announced it is withdrawing its financial guidance for the fiscal year ending December 31, 2021.
On this news shares of Eargo stock fell over 50% in after-market hours trading.
Who is eligible?
Anyone who purchased Eargo stock and has lost money as a result of this news may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email email@example.com with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP