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Investigation announced for Long-Term Investors in shares of iRhythm Technologies, Inc. (NASDAQ: IRTC)

05-06-2021 08:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in iRhythm Technologies, Inc. (NASDAQ: IRTC) shares.

An investigation on behalf of current long term investors in iRhythm Technologies, Inc. (NASDAQ: IRTC) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of iRhythm Technologies, Inc..

Investors who are current long term investors in iRhythm Technologies, Inc. (NASDAQ: IRTC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: IRTC stocks follows a lawsuit filed against iRhythm Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: IRTC stocks, concerns whether certain iRhythm Technologies, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the defendants made materially false and/or misleading statements, and failed to disclose to investors that iRhythm's business would suffer as a result of the U.S. Centers for Medicare and Medicaid Services' ("CMS") rulemaking, that reimbursement rates would in fact plummet, that a lack of national pricing in the CMS rule and fee schedule would cause uncertainty and weakness in the Company's business, and that as a result of the foregoing, the iRhythm Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of iRhythm Technologies, Inc. (NASDAQ: IRTC) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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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