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Deadline in Lawsuit coming up for Investors in shares of Ra Medical Systems, Inc. (NYSE: RMED)

08-05-2019 09:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on August 9, 2019 in the lawsuit for certain investors in Ra Medical Systems, Inc. (NYSE: RMED).

A Deadline is coming up on August 9, 2019 in the lawsuit for certain investors in Ra Medical Systems, Inc. (NYSE: RMED).

A deadline is coming up on August 9, 2019in the lawsuit filed for certain investors of Ra Medical Systems, Inc. (NYSE: RMED) over alleged securities laws violations by Ra Medical Systems, Inc.

Investors who purchased shares of Ra Medical Systems, Inc. (NYSE: RMED) have certain options and there are strict and short deadlines running. Deadline: August 9, 2019. NYSE: RMED stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of California the plaintiff alleges on behalf of purchasers of Ra Medical Systems, Inc. (NYSE: RMED) common shares, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that the Defendants failed to disclose to investors that the Company’s evaluation of sales personnel candidates was inadequate, that the Company’s training program for sales personnel was inadequate, that, as a result, the Company could not reasonably assure that its newly hired sales personnel were adequately experienced, that, as a result, the Company would suffer a shortage of qualified sales personnel, that the Company’s manufacturing process could not reasonably support increased catheter production, that, as a result, the Company would suffer production delays, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Ra Medical Systems, Inc. (NYSE: RMED) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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