Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.
Our firm is investigating possible legal claims on behalf of iRhythm investors. On November 13, 2019, shares of iRhythm Technologies, Inc.fell sharply after the company filed a Notification of Late Filing with the Securities and Exchange Commission (SEC) and revealed that while in the process of investigating previously-identified errors, it discovered additional errors affecting prior periods. The company stated that the newly-found errors may require them to correct previously-issued financial statements.
iRhythm Stock News: IRTC Notification of Late Filing & More Errors; Share Price Plummets
On November 13, 2019, iRhythm filed a Notification of Late Filing with the SEC, stating that it will not file its Quarterly Report for the period ending on September 30, 2019 by the deadline. According to the Notification:
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. These errors may result in the correction of previously issued annual and quarterly financial statements.
The company further stated:
In addition, the error evaluation will include the assessment of any additional control deficiencies.
On this news, iRhythm’s share price dropped, significantly harming investors. Our firm is investigating whether iRhythm Inc. and certain of its officers and/or directors have violated federal securities laws.
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Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
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Our Featured Securities Team
Eileen works closely with investors in securities cases and has over a decade of experience in the legal world. She received her law degree from American University in 2005.
David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.
Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.
Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.
Gibbs Law Group's Financial Fraud Experience
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