Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against iRhythm Technologies, Inc. (IRTC)

Boston, Massachusetts--(Newsfile Corp. - February 7, 2024) - Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by iRhythm Technologies, Inc. ("iRhythm" or the "Company") (NASDAQ: IRTC).

About the Investigation

On February 6, 2024, a securities class action was filed in U.S. District Court for the Northern District of California against the Company and certain individuals on behalf of all persons or entities that purchased or otherwise acquired iRhythm common stock between January 11, 2022, and May 30, 2023, inclusive (the "Class Period").

The complaint alleges that "[t]hroughout the Class Period, iRhythm represented to investors that the Zio AT monitor was a real-time monitor intended for a target audience of high-risk patients." The complaint further alleges that "[o]n May 30, 2023, after the market closed, iRhythm filed with the SEC a Current Report on Form 8-K, disclosing that it had received a Warning Letter from the FDA, which 'resulted from the inspection of the Company's facility located in Cypress, California that concluded in August 2022' and 'alleges non-conformities to regulations for medical devices, including medical device reporting requirements, relating to the Company's Zio AT System and medical device quality system requirements.'" According to the complaint, the "FDA noted that iRhythm had falsely marketed the Zio AT as approved for use in high-risk patients that require real-time cardiac monitoring."

Contact

If you wish to serve as Lead Plaintiff for the Class, you must file a motion with the Court no later than April 8, 2024. Any member of the proposed Class may seek to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class.

If you have information concerning this investigation, please contact us here: Contact | Berman Tabacco.

About Berman Tabacco

Since 1982, our firm has prosecuted hundreds of securities and antitrust complex cases. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Chambers USA, Benchmark Litigation, which has ranked the firm as Highly Recommended and a Top Ten Plaintiffs, The Legal 500, U.S. News & World Report-Best Lawyers, The Daily Journal, Lawdragon, Who's Who Legal, and Super Lawyers.

The firm has offices in Boston, Massachusetts and San Francisco, California.

This notice may constitute attorney advertising.

Contact:
Berman Tabacco
One Liberty Square
Boston, Massachusetts
Email: law@bermantabacco.com

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