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BOSTON, April 10, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Establishment Labs Holdings Inc. (“Establishment Labs” or the “Company”) (NASDAQ: ESTA) and certain of its officers and directors violated federal securities laws.
On April 10, 2019, an article titled, “Establishment Labs: Troubling Conflicts And Financial Red Flags” was published on Seeking Alpha. This article alleged in part that, “[b]ig red flags are apparent in [Establishment Labs’] accounting in the form of near-zero product return allowance, extremely high levels of inventory, several going concern clauses, a peripatetic CEO and a physically detached CFO.” The article further alleged that Establishment Labs “may have supplied the SEC and investors with misleading information.”
Following this news, Establishment Labs’ stock price dropped as much as 9% in intra-day trading.
If you have purchased or otherwise acquired Establishment Labs’ securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact attorney Dan DeMaria at (888) 868-2385, by email at email@example.com, or by visiting http://shareholder.law/establishment.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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