Hagens Berman Alerts iRhythm Technologies (IRTC) Investors of Investigation of Possible Disclosure Violations

SAN FRANCISCO, March 27, 2019 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in iRhythm Technologies, Inc. (NASDAQ: IRTC) of the firm's investigation of possible violations of the Federal securities laws.  If you purchased or otherwise acquired iRhythm Technologies securities before March 27, 2019 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information about the investigation click

https://www.hbsslaw.com/cases/IRTC

or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing

[email protected].

Between March 13, 2019 and March 27, 2019, certain analysts began publicly questioning (a) the sustainability of third party reimbursements to the Company attributable to sales of its Zio XT Extended Holter patch device, (b) whether the Company's and management's statements about the total addressable market for iRhythm products may have been misleading, and (c) whether the Company and management may have used "cookie jar" style accounting in accruing for bad debt expense and contractual allowances.

During the period in which these reports were published, the price of iRhythm shares has significantly fallen.

"We're focused on investors' losses, the matters raised in the reports, and whether investors may have been misled," said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding iRhythm should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email [email protected].

About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 78 attorneys in 9 offices across the country.  The firm represents investors, whistleblowers, workers and consumers in complex litigation.  More about the firm and its successes can be found at www.hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000

SOURCE Hagens Berman Sobol Shapiro LLP

Related Links

https://www.hbsslaw.com

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