Tag: TCMD

TCMD INVESTOR ALERT: Bernstein Liebhard Announces that a Securities Class Action Lawsuit has Been Filed Against Tactile Systems Technology, Inc. – Press Release

NEW YORK–(Business Wire)–Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of Tactile Systems Technology, Inc. (“TCMD” or the “Company”) (NASDAQ: TCMD) between May 7, 2018 and June 8, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the District of Minnesota alleges violations of the Securities Exchange Act of 1934.

If you purchased Tactile securities, and/or would like to discuss your legal rights and options please visit TCMD Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) while Tactile publicly touted a $4 plus billion or $5 plus billion market opportunity, in truth, the total addressable market for Tactile’s PCDs

Read More

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Tactile Systems Technology, Inc. (TCMD) Investors

LOS ANGELES–(BUSINESS WIRE)–Sep 30, 2020–

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Tactile Systems Technology, Inc. (“Tactile” or the “Company”) (NASDAQ: TCMD ) securities between May 7, 2018 and June 8, 2020, inclusive (the “Class Period”). Tactile investors have until November 30, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On March 20, 2019, an amended Qui Tam complaint against Tactile was unsealed, alleging that the Company illegally paid hospital staff to induce physicians to prescribe its medical devices and had submitted fraudulent claims to Medicare and Veterans Administration (“VA”).

On this news, Tactile’s share price fell $4.53 per share, or over 7%, over two consecutive trading sessions to close at $55.57 per share on March 22,

Read More