NEW ORLEANS–(Business WIRE)–Former Legal professional Normal of Louisiana, Charles C. Foti, Jr., Esq., a partner at the regulation agency of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Tactile Systems Know-how, Inc. (NasdaqGM: TCMD).
On June 8, 2020, the Company was the focus on of an investigative report printed by study firm OSS Study accusing it of overstating its full addressable market place by nearly $4.7 billion, using a “daisy-chaining kick-back scheme” ensuing in “rampant overprescribing and rapid current market share gains at the expense of individuals, insurers and the community,” and concealing Medicare audit denials for failure to build health care requirement in a major amount of submitted claims.
Thereafter, the Business and selected of its executives ended up sued in a securities course motion lawsuit, charging them with failing to disclose material info for the duration of the Class Interval, violating federal securities legislation. Just lately, the courtroom presiding about that scenario denied the Company’s movement to dismiss in portion, allowing the situation to go forward.
KSF’s investigation is focusing on regardless of whether Tactile’s officers and/or directors breached their fiduciary duties to the Company’s shareholders or normally violated point out or federal regulations.
If you have facts that would assist KSF in its investigation, or have been a extended-phrase holder of Tactile shares and would like to go over your authorized rights, you could, without obligation or charge to you, get in touch with toll-totally free at 1-877-515-1850 or e-mail KSF Running Husband or wife Lewis Kahn ([email protected]), or take a look at https://www.ksfcounsel.com/instances/nasdaqgm-tcmd/ to discover far more.
About Kahn Swick & Foti, LLC
KSF, whose companions consist of previous Louisiana Legal professional Basic Charles C. Foti, Jr., is just one of the nation’s leading boutique securities litigation regulation firms. KSF serves a wide variety of shoppers – such as general public institutional traders, hedge resources, funds managers and retail buyers – in trying to get to recover expense losses due to company fraud and malfeasance by publicly traded providers. KSF has workplaces in New York, California, Louisiana and New Jersey.
To understand much more about KSF, you might take a look at www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Companion