NASDAQ:TCMD Investor Notice: Lawsuit Against Tactile Systems Technology, Inc. Announced by Shareholders Foundation
SAN DIEGO, CA, December 1, 2020 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Tactile Systems Technology, Inc. (NASDAQ:TCMD) shares.
Investors, who purchased shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779-1554.
The plaintiff alleges that the defendants failed to disclose to investors that: while Tactile publicly touted a $4 plus billion or $5 plus billion market opportunity, in fact, the total addressable market for Tactile's medical devices was materially smaller, that to induce sales growth and share gains, the Company and/or its employees were engaged in illicit and illegal sales and marketing activities in violation of applicable federal and state rules and public payer regulations, that the foregoing illicit and illegal sales and marketing activities increased the risk of a Medicare audit of the Tactile's claims and criminal and civil liability, that Tactile's profits were in part the product of unlawful conduct and thus unsustainable; and that as a result of the foregoing, that the Company's public statements, including its year-over-year revenue growth and the purported growth drivers, were materially false and misleading at all relevant times, and that that, as a result of the foregoing, the Defendants' statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased Tactile Systems Technology, Inc. (NASDAQ:TCMD) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
