Trupanion, Inc. (TRUP) Stock Lawsuit Investigation
At a glance
What is the Trupanion Securities Class Action Lawsuit Investigation about?
Gibbs Law Group is investigating potential legal claims on behalf of Trupanion investors.What did Trupanion do wrong?
We are investigating whether Trupanion has violated federal securities laws by providing false or misleading statements to investors.What do you get out of this?
This potential lawsuit seeks to help Trupanion shareholders recover their investment losses.
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What’s next for Trupanion stock forecast? Trupanion identifies material weaknesses in February 2024
On February 15, 2024, Trupanion released preliminary financial results for the fourth quarter and full year ended December 31, 2023 and identified two material weaknesses. According to Trupanion, “[t]he first material weakness relates to information technology controls, primarily in the areas of user access and program change-management over certain information technology systems” and the “[t]he second material weakness relates to internal controls over financial reporting, pertaining to the Company’s Other Business segment.” The company added that due to the weaknesses, the financial results are preliminary and subject to the completion of an audit.
Following this news, the stock plunged over 35% on February 16th, 2024, causing serious harm to investors.
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