NEW ORLEANS–(Enterprise WIRE)–Former Legal professional Typical of Louisiana, Charles C. Foti, Jr., Esq., a partner at the legislation company of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Tactile Systems Engineering, Inc. (NasdaqGM: TCMD).
On June 8, 2020, the Enterprise was the focus on of an investigative report published by analysis agency OSS Exploration accusing it of overstating its full addressable industry by nearly $4.7 billion, making use of a “daisy-chaining kick-back scheme” resulting in “rampant overprescribing and speedy market place share gains at the cost of clients, insurers and the public,” and concealing Medicare audit denials for failure to create healthcare necessity in a substantial number of submitted claims.
Thereafter, the Enterprise and certain of its executives had been sued in a securities course action lawsuit, charging them with failing to disclose content facts for the duration of the Class Period of time, violating federal securities legal guidelines. Not long ago, the court docket presiding over that scenario denied the Company’s motion to dismiss in aspect, allowing the case to go forward.
KSF’s investigation is concentrating on no matter whether Tactile’s officers and/or directors breached their fiduciary duties to the Company’s shareholders or or else violated state or federal legal guidelines.
If you have facts that would assist KSF in its investigation, or have been a extensive-time period holder of Tactile shares and would like to go over your lawful legal rights, you may possibly, without the need of obligation or price to you, simply call toll-cost-free at 1-877-515-1850 or e-mail KSF Running Companion Lewis Kahn ([email protected]), or go to https://www.ksfcounsel.com/instances/nasdaqgm-tcmd/ to study much more.
About Kahn Swick & Foti, LLC
KSF, whose companions incorporate former Louisiana Attorney Typical Charles C. Foti, Jr., is 1 of the nation’s premier boutique securities litigation legislation firms. KSF serves a variety of purchasers – which include public institutional traders, hedge resources, funds supervisors and retail investors – in searching for to recuperate investment losses owing to corporate fraud and malfeasance by publicly traded providers. KSF has workplaces in New York, California, Louisiana and New Jersey.
To discover a lot more about KSF, you may perhaps pay a visit to www.ksfcounsel.com.
Kahn Swick & Foti, LLC
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