Wolf Popper LLP Announces Investigation on Behalf of Purchasers of Eargo, Inc. (EAR) Common Stock

New York, New York--(Newsfile Corp. - September 23, 2021) - Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Eargo, Inc. (NASDAQ: EAR) common stock.

Eargo, Inc. designs and markets hearing aids that cost up to $2,500. Eargo went public when it held its Initial Public Offering on October 15, 2020 at $18.00 per share.

After the market closed on September 22, 2021, Eargo disclosed "…it is the target of a criminal investigation by the U.S. Department of Justice (the "DOJ") related to insurance reimbursement claims the Company has submitted on behalf of its customers covered by federal employee health plans. The Company is cooperating with the investigation. In addition, the Company intends to work with the government with the objective of validating the process to support any future claims that the Company may submit for reimbursement." Pre-market trading indicates Eargo's stock price will open down almost 60% at $9.40 per share.

For more information, Eargo investors with trading losses of over $50,000 should contact Joshua Ruthizer at (212) 451-9668 or at jruthizer@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at www.wolfpopper.com.

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Wolf Popper LLP
Joshua Ruthizer
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9668
Email: jruthizer@wolfpopper.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97388