EAR Investor Alert – Eargo Investors With Losses Greater Than $50,000
Date23 Sep 2021//
Eargo Investors With Financial Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether Eargo, Inc. (“Eargo” or the “Company”) (NASDAQ: EAR) violated federal securities laws.
Post-market on September 22, 2021, Eargo disclosed that the Company “ . . . was informed that it is the target of a criminal investigation by the U.S. Department of Justice . . . related to insurance reimbursement claims the Company has submitted on behalf of its customers covered by federal employee health plans.” [Emphasis added.]
On this news, shares of Eargo were down over 70% during intraday trading on September 23, 2021, thereby injuring EAR investors.