OAKLAND, Calif.--(BUSINESS WIRE)--iRhythm Technologies, Inc. shares fell sharply after the company filed a Notification of Late Filing with the Securities and Exchange Commission (SEC) for its Quarterly Report and revealed that it has identified errors affecting prior periods. According to iRhythm, these errors may result in changes to previously issued financial statements. Gibbs Law Group is investigating a potential iRhythm Class Action Lawsuit on behalf of investors who lost money in iRhythm Technologies, Inc. (NASDAQ: IRTC) stock.
To speak with an attorney regarding this class action lawsuit investigation, click here or call (888) 410-2925.
On November 13, 2019, iRhythm stock plummeted after the company notified the SEC that it would not file its Quarterly Report for the period ending on September 30, 2019 by the deadline. According to the Notification of Late Filing, “As part of the Company’s efforts to remediate its previously disclosed material weaknesses, the Company identified errors affecting prior periods in the course of preparing the Form 10-Q that require further analysis.”
iRhythm further announced that these errors “may result in the correction of previously issued annual and quarterly financial statements,” and that “the error evaluation will include the assessment of any additional control deficiencies.”
Following this news, on November 13, 2019, iRhythm’s stock price dropped significantly, causing harm to investors.
What Should iRhythm Investors Do?
If you invested in iRhythm Technologies, visit our website or contact our securities team directly at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether iRhythm Technologies, Inc. and certain of its officers and/or directors have violated federal securities laws.
About Gibbs Law Group
Gibbs Law Group represents individual and institutional investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Boutique Law Firms in California,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” and “Top Cybersecurity/ Privacy Attorneys Under 40.”
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