NEW ORLEANS–(BUSINESS WIRE)–Former Legal professional Normal of Louisiana, Charles C. Foti, Jr., Esq., a associate at the law organization of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Tactile Systems Technological innovation, Inc. (NasdaqGM: TCMD).
On June 8, 2020, the Corporation was the target of an investigative report published by investigate business OSS Research accusing it of overstating its full addressable industry by almost $4.7 billion, utilizing a “daisy-chaining kick-back scheme” ensuing in “rampant overprescribing and immediate industry share gains at the price of individuals, insurers and the community,” and concealing Medicare audit denials for failure to build health-related requirement in a significant amount of submitted statements.
Thereafter, the Corporation and selected of its executives were sued in a securities class motion lawsuit, charging them with failing to disclose materials information during the Class Interval, violating federal securities legislation. Recently, the courtroom presiding around that situation denied the Company’s movement to dismiss in part, permitting the circumstance to shift forward.
KSF’s investigation is concentrating on whether Tactile’s officers and/or directors breached their fiduciary obligations to the Company’s shareholders or usually violated point out or federal legislation.
If you have facts that would help KSF in its investigation, or have been a very long-expression holder of Tactile shares and would like to explore your authorized legal rights, you may perhaps, without the need of obligation or expense to you, call toll-cost-free at 1-877-515-1850 or e mail KSF Managing Husband or wife Lewis Kahn ([email protected]), or go to https://www.ksfcounsel.com/situations/nasdaqgm-tcmd/ to learn far more.
About Kahn Swick & Foti, LLC
KSF, whose companions contain former Louisiana Legal professional Basic Charles C. Foti, Jr., is a person of the nation’s premier boutique securities litigation regulation corporations. KSF serves a range of customers – including public institutional buyers, hedge money, cash professionals and retail buyers – in looking for to recuperate investment losses because of to corporate fraud and malfeasance by publicly traded providers. KSF has places of work in New York, California, Louisiana and New Jersey.
To learn far more about KSF, you may perhaps stop by www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Handling Associate