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Deadline on March 16th coming up in Lawsuit for Investors in Penumbra, Inc. (NYSE: PEN)

03-01-2021 06:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on March 16, 2021 in the lawsuit for certain investors in Penumbra, Inc. (NYSE: PEN).

A Deadline is coming up on March 16, 2021 in the lawsuit for certain investors in Penumbra, Inc. (NYSE: PEN).

A deadline is coming up on March 16, 2021 in the lawsuit filed for certain investors of Penumbra, Inc. (NYSE: PEN) over alleged securities laws violations by Penumbra, Inc.

Investors who purchased shares of Penumbra, Inc. (NYSE: PEN) have certain options and there are strict and short deadlines running. Deadline: March 16, 2021. NYSE: PEN 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 Northern District of California the plaintiff alleges on behalf of purchasers of Penumbra, Inc. (NYSE: PEN) common shares between August 3, 2020 and December 15, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 3, 2020 and December 15, 2020, the Defendants failed to disclose to investors that the Jet 7 Xtra Flex had known design defects that made it unsafe for its normal use, that Penumbra did not adequately address the risk of Jet 7 Xtra Flex causing serious injury and deaths, which had in fact already occurred, that the Jet 7 Xtra Flex was likely to be recalled due to its safety issues, and that as a result, Penumbra’s public statements as set forth above were materially false and misleading at all relevant times.

Those who purchased shares of Penumbra, Inc. (NYSE: PEN) 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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