iRhythm Technologies Faces Securities Class Action Lawsuit
Investors urged to file lead plaintiff applications by April 8 following FDA warning letter and share price drop.
- Investors have until April 8, 2024, to file lead plaintiff applications in a securities class action lawsuit against iRhythm Technologies, Inc.
- The lawsuit claims iRhythm and certain executives failed to disclose material information, violating federal securities laws.
- iRhythm's shares fell $7.41 per share, or 6.1%, after disclosing receipt of a Warning Letter from the FDA on May 30, 2023.
- The FDA's warning addressed deficiencies in the marketing and capabilities of iRhythm's Zio AT System.
- Several law firms are reminding investors of the deadline and encouraging those who suffered losses to secure counsel.