Grabar Law Office Investigates Potential Shareholder Action on Behalf of Current Shareholders of Tactile Systems Technology, Inc. After Class Action Claims Survive Motion to Dismiss

May 09, 2022 8:43 AM EDT | Source: Grabar Law Office

Philadelphia, Pennsylvania--(Newsfile Corp. - May 9, 2022) - Claims alleged in a class action lawsuit that was filed in 2020 against Tactile Systems Technology, Inc. (NASDAQ: TCMD) have survived a motion to dismiss. The complaint alleges that Tactile made a number of materially false and misleading statements relating to the market for and sales of its pneumatic compression devices ("PCD") for at home treatment of lymphedema and chronic venous insufficiency ("CVI") and revenue growth and drivers.

Tactile shareholders who have held shares of the Company's stock since at least May 7, 2018, can seek corporate reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate.

If you would like to learn more at no cost to you, please fill out the form provided at https://grabarlaw.com/the-latest/tactile-systems-investigation/ or contact us at jgrabar@grabarlaw.com or call 267-507-6085. $TCMD

Attorney Advertising Disclaimer

These materials have been prepared by the Grabar Law Office for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters.

Contact:

Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123216

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