LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Restoration Robotics, Inc. (“Restoration Robotics” or ''the Company'') (NASDAQ: HAIR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares pursuant to and/or traceable to Restoration Robotics’ initial public offering commencing October 12, 2017, and closing on October 16, 2017 (the "IPO"), are encouraged to contact the firm before August 21, 2018.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market throughout the IPO period. Restoration Robotics issued materially misleading offer materials, resulting in an artificial inflation of the Company’s stock price. As true information on Restoration Robotics entered the market, the Company’s shares dropped by more than 50% from the IPO price of $7.00 per share.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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