The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Eargo, Inc. (NASDAQ: EAR) (a) in or traceable to the Company’s initial public offering of common stock conducted on or around October 15, 2020 (the “Offering”); and/or (b) shares of Eargo common stock between October 15, 2020 and September 22, 2021, inclusive.
According to the Eargo lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Eargo had improperly sought reimbursements from certain third-party payors; (2) the foregoing was reasonably likely to lead to regulatory scrutiny; (3) as a result and because the reimbursements at issue involved the Company’s largest third-party payor, Eargo’s financial results would be adversely impacted; and (4) 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.
If you suffered a loss in Eargo you have until December 6, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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