SAN DIEGO, Dec. 5, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP, is investigating potential claims against the following Companies for violations of federal securities laws.
There is no cost or obligation to you. If you are interested in learning more about any of the following investigations, please contact Lead Analyst Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.
Organogenesis Holdings, Inc. (NASDAQ: ORGO)
On October 12, 2021, a report was issued on Value Investors Club accusing the Company of improperly billing the Federal Government $250M per year. It further says that the Company set the price of its new amnion wound covering Affinity "exorbitantly high" which Medicare reimbursed.
Tuya, Inc. (NYSE: TUYA),
On August 19, 2021, Tuya reported financial results for the second quarter of 2021. During the related conference call, the Company attributed the results to a "series of challenges" affecting its customers, "including Amazon's strict execution of seller policy, rising raw material prices, and shortage of semiconductor components."
Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its March 2021 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.
Revance Therapeutics, Inc. (NASDAQ: RVNC)
On October 15, 2021, Revance disclosed that the FDA could not approve the Biologics License Application (BLA) for DaxibotulinumtoxinA for Injection in its present form, citing deficiencies related to an inspection of Revance's manufacturing facility. The report comes after the Company said late on October 12, after Revance's stock plunged 25.1% that day, that it continued to expect the FDA to approve DaxibotulinumtoxinA for Injection this year.
Seer, Inc. (NASDAQ: SEER)
On November 4, 2021, Bear Cave, a short seller, published a report stating that "the company appears to be a "promotional and misleading" biotech company." The information included allegations of Seer appearing to have misled investors about its recent Chinese distribution partnership, customer base, and management's past track record.
Akumin Inc. (NASDAQ: AKU)
On or about September 3, 2020, Akumin began trading on the NASDAQ. In connection, the Company voluntarily delisted its "AKU.U" U.S. dollar listing on the Toronto Stock Exchange (the "TSX.
Then on, August 15, 2021, Akumin announced that it would not timely file its financial report for the period ended June 30, 2021, because the Company requires "additional information and analysis relate[d] to potential additional credit losses with respect to prior years."
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
SOURCE Johnson Fistel, LLP