Tactile Systems Technology, Inc. Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against Tactile Systems Technology, Inc. (“Tactile” or the “Company”) (NASDAQ: TCMD). This investigation concerns whether Tactile has violated federal securities laws and/or engaged in other unlawful business practices.
On June 8, 2020, OSS Research published a report alleging that “the likely true source of Tactile’s growth” is “a kickback arrangement … resulting in rampant over-prescribing” and that “Medicare has launched an audit, and data reveals Tactile has been found non-compliant on 71% of its claims.” The Report also noted that “[s]ince 2017, Tactile has seen multiple key departures” among its executive leadership.
On this news, Tactile’s stock price fell $5.28 per share, or 10.05%, to close at $47.26 per share on June 8, 2020.
If you acquired Tactile securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.