The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of iRhythm Technologies, Inc. (NASDAQGS: IRTC) who purchased shares between August 4, 2020 and January 28, 2021. The action, which was filed in the United States District Court for the Northern District of California, alleges that the Company violated federal securities laws.
In particular, the iRhythm lawsuit alleges that (1) iRhythm’s business would suffer as a result of the CMS’ rulemaking; (2) reimbursement rates would in fact plummet; (3) a lack of national pricing in the CMS rule and fee schedule would cause uncertainty and weakness in the Company’s business; and (4) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times
Shareholders have until April 2, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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