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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.
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