Press release
Investigation announced for Investors in Establishment Labs Holdings Inc. (NASDAQ: ESTA) over potential Wrongdoing
An investigation on behalf of investors in Establishment Labs Holdings Inc. (NASDAQ: ESTA) shares over potential wrongdoing.
Investors who purchased shares of Establishment Labs Holdings Inc. (NASDAQ: ESTA) 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 concerns whether certain Establishment Labs Holdings Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Costa Rica based Establishment Labs Holdings Inc., a medical technology company, manufactures and markets medical devices for aesthetic and reconstructive plastic surgery. Establishment Labs Holdings Inc. reported that its annual Total Revenue rose from $84.67 million in 2020 to $126.68 million in 2021 and that its Net Loss increased from $38.12 million in 2020 to $41.13 million in 2021.
On October 19, 2022, market analyst Hindenburg Research published a report entitled "Establishment Labs: A Financially Stretched Silicone Safety Charade" which alleged, among other things, that "[d]espite claims of superior safety, we found that almost all key safety studies touted by the company have conflicts of interest, with many undisclosed or under-disclosed." Further, the report alleged that "Establishment claims to have successfully piloted a 'revolutionary' technique to place implants through the armpit using local anesthesia (instead of general), claiming the technique will greatly expand its Total Addressable Market (TAM). This type of insertion has been reported since the 1970s and has been widely available for almost 20 years. It has failed to gain traction due to safety risks."
Shares of Establishment Labs Holdings Inc. (NASDAQ: ESTA) declined from $67.00 per share on September 12, 2022, to $44.03 per share on October 19, 2022.
Those who purchased shares of Establishment Labs Holdings Inc. (NASDAQ: ESTA) 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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for Investors in Establishment Labs Holdings Inc. (NASDAQ: ESTA) over potential Wrongdoing here
News-ID: 2964716 • Views: 252
More Releases from Shareholders Foundation
Investigation announced for Investors in shares of Skillsoft Corp. (NYSE: SKIL) …
An investigation on behalf of investors in shares of Skillsoft Corp. (NYSE: SKIL) was announced over potential breaches of fiduciary duties by certain officers and directors at Skillsoft Corp.
Investors who purchased shares of Skillsoft Corp. (NYSE: SKIL) s 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 concerns whether certain Skillsoft Corp. directors breached their fiduciary duties…
Investigation announced for Investors who lost money with shares of Edgio, Inc. …
An investigation was announced for investors of Edgio, Inc. (NASDAQ: EGIO) shares over potential securities laws violations by Edgio, Inc.
Investors who purchased shares of Edgio, Inc. (NASDAQ: EGIO), 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 focuses on possible claims on behalf of purchasers of the securities of Edgio, Inc. (NASDAQ: EGIO) concerning whether a series…
Investigation announced for Investors in NASDAQ: SFT shares over potential Wrong …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Shift Technologies, Inc.
Investors who purchased shares of Shift Technologies, Inc. (NASDAQ: SFT) 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 concerns whether certain Shift Technologies, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
San…
Lawsuit filed for Investors who lost money with shares of Norfolk Southern Corpo …
An investor, who purchased shares of Norfolk Southern Corporation (NYSE: NSC), filed a lawsuit over alleged violations of Federal Securities Laws by Norfolk Southern Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Norfolk Southern Corporation (NYSE: NSC) have certain options and for certain investors are short and strict deadlines running. Deadline: May 15, 2023. NYSE: NSC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for Establishment
Smart Pole Market Growth Establishment Report 2018
HTF MI released a new market study on Global Smart Pole Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates…
Internet Of Things Microcontroller Market Growth Establishment Report 2018
HTF MI recently introduced Global Internet Of Things Microcontroller Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Atmel, Fujitsu, Holtek, Infineon, Ixys Corporation, Microchip, Nuvoton, Nxp,…
Marine Sailcloth Market Growth Establishment Report 2018
HTF MI recently introduced Global Marine Sailcloth Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Bainbridge international, Contender BV, Dimension-Polyant, FMG - Sailmaker International, Hood, Jeckells…
Radar Antenna Market Growth Establishment Report 2018
Radar Antenna Report by Material, Application, and Geography - Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Radar Antenna basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures,…
Synbio Tech. Announced the Establishment of Cooperative Relations with ALSTEM
Synbio Technologies Announced the Establishment of Cooperative Relations with ALSTEM
Synbio Technologies, a leading international synthetic biology service company, recently announced a new partnership with ALSTEM, LLC, a United States biotech company, with the aim of developing various human CRISPR-Cas9 sgRNA libraries. These libraries will provide novel approaches for characterizing target and drug resistance genes of therapeutic significance. Related applications also promise to accelerate new drug development and advance the understanding…
Establishment of an Office in Dubai
BPOut LLC in Dubai, the 2013 vintage: with the foundation of the Dubai office BPOut now captures the Arabian markets, expands its business areas and competences portfolio.
The Supply Chain Management project, that started this week, rounds off the engineering activities there. That way the BPOut can prove its expertise of the two most important business areas from the very beginning. The scope of both projects is the airport construction with…
