June 13, 2024


Equality opinion

TACTILE SYSTEMS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Tactile Systems

NEW ORLEANS–(Company WIRE)–Former Attorney Typical of Louisiana, Charles C. Foti, Jr., Esq., a lover at the law business of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Tactile Techniques Engineering, Inc. (NasdaqGM: TCMD).

On June 8, 2020, the Business was the goal of an investigative report released by research organization OSS Research accusing it of overstating its total addressable current market by approximately $4.7 billion, applying a “daisy-chaining kick-back again scheme” ensuing in “rampant overprescribing and immediate current market share gains at the expense of clients, insurers and the general public,” and concealing Medicare audit denials for failure to create healthcare necessity in a major amount of submitted claims.

Thereafter, the Organization and specific of its executives had been sued in a securities class action lawsuit, charging them with failing to disclose content data through the Class Time period, violating federal securities guidelines. Recently, the court docket presiding over that situation denied the Company’s movement to dismiss in portion, enabling the situation to transfer forward.

KSF’s investigation is focusing on no matter if Tactile’s officers and/or directors breached their fiduciary responsibilities to the Company’s shareholders or in any other case violated point out or federal legal guidelines.

If you have information that would support KSF in its investigation, or have been a extended-time period holder of Tactile shares and would like to examine your legal rights, you might, without having obligation or cost to you, simply call toll-free at 1-877-515-1850 or electronic mail KSF Controlling Associate Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgm-tcmd/ to study extra.

About Kahn Swick & Foti, LLC

KSF, whose companions incorporate former Louisiana Lawyer Normal Charles C. Foti, Jr., is just one of the nation’s premier boutique securities litigation law companies. KSF serves a range of shoppers – like general public institutional traders, hedge resources, money professionals and retail buyers – in trying to find to recover investment decision losses due to corporate fraud and malfeasance by publicly traded corporations. KSF has offices in New York, California, Louisiana and New Jersey.

To find out more about KSF, you may perhaps visit www.ksfcounsel.com.


Kahn Swick & Foti, LLC

Lewis Kahn, Controlling Associate